Popeyes has secured new finance facilities totalling £43m to support the continued rollout of its growth plans across the UK.
The fried chicken chain has agreed the financing with Barclays Corporate Banking. Popeyes said the facilities, alongside the company’s existing support from private equity firm TDR Capital, which last year took a majority stake in the business, will provide it with the flexibility to build on its success in the UK” and execute its expansion plans over the coming years.
Popeyes first landed in the UK in November 2021 and now has over 80 restaurants. In 2024 alone, the chain opened 33 new shops and sold the equivalent of one sandwich every three seconds.
It now plans to open 45 new restaurants this year and expects to create around 2,500 jobs. In April, Popeyes also launched a strategic partnership with SSP Group to open a pipeline of restaurants across UK travel hubs starting at Birmingham Airport this summer.
“Barclays are a highly supportive banking partner of Popeyes in the UK,” said Popeyes UK CFO Drew Taylor.
"The new finance facilities will enable us to build on our successful growth in the UK to date and execute our expansion strategy over the coming years.”
Earlier this year, Popeyes UK CEO Tom Crowley said that Popeyes was looking to strengthen its presence in locations where it already has a restaurant, including Birmingham, Leeds, Bristol, Manchester, Liverpool, and Scotland.
He added that the new sites planned will span multiple formats across eat-in, drive-thru and delivery kitchens.
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