AFC Enterprises Inc. and Hearst/King Features Reach Agreement

New Agreement of Global Cooperation

ATLANTA -  November 21, 2012 - (BUSINESS WIRE) - AFC Enterprises, Inc. (NASDAQ: AFCE), the franchisor and operator of Popeyes® restaurants, today announced that it has entered into a new agreement with the King Features Syndicate Division of Hearst Holdings, Inc., licensor of the Popeye® the Sailorman and associated cartoon characters. As part of the new agreement, the parties agreed to dismiss the pending declaratory judgment action related to their previous license agreement.

The new agreement confirms the expiration of the previous license agreement and the parties agree to cooperate with each other to protect their respective intellectual property rights on a world-wide basis.

"We are pleased to have reached this new agreement with King Features and we appreciate King Features' support of the growth of Popeyes® restaurants around the world," said Cheryl Bachelder, CEO of AFC Enterprises, Inc.

"For over 35 years AFC and King Features have had a mutually beneficial licensing agreement that has led to immense growth of our businesses. I am happy that Popeye the character has been so instrumental to Popeyes the restaurant chain, and we wish them continued success in the future," said T.R. Shepard, President of King Features Syndicate.

About AFC Enterprises, Inc.

AFC Enterprises, Inc. is the franchisor and operator of Popeyes® restaurants, the world's second-largest quick-service chicken concept based on number of units. As of September 30, 2012, Popeyes had 2,060 operating restaurants in the United States, Guam, Puerto Rico, the Cayman Islands and 25 foreign countries. For more information, visit the Popeyes Louisiana Kitchen Web site at www.popeyes.com. AFC's primary objective is to deliver superior sales and profits by offering excellent investment opportunities in its Popeyes® brand and providing exceptional franchisee support systems and services to its owners. AFC Enterprises can be found at www.afce.com.

AFC Enterprises, Inc.

Contacts:

Media

Alicia Thompson
404-459-4572
Vice President, Communications & Public Relations
popeyescommunication@popeyes.com

Investor

Rebecca Gardy
404-459-4673
Director, Finance & Investor Relations
investor.relations@afce.com

Source: AFC Enterprises, Inc.

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Roy Rogers Family Restaurants
There is no single factor that accounts for the powerful appeal of the Roy Rogers concept.
Row House
Row House is a network of premium boutique indoor rowing studio, delivering a low-impact, high-energy workout focused on generating team energy.
Sky Zone
Sky Zone created, built and franchises the first of its kind wall-to-wall trampoline playing courts with unlimited purposes and endless possibilities.
WineStyles Tasting Station
Turn your passion for wine, craft beer and gourmet food into a rewarding business opportunity. WineStyles Tasting Station is the largest wine...
Saladworks
Saladworks leads the exploding fast-casual salad space, with nine consecutive quarters of positive same-store sales growth through 2017. America's...
Share This Page

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.