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Restaurant Brands International Inc
Symbol QSR
Shares Issued 327,807,087
Close 2025-10-22 C$ 94.64
Market Cap C$ 31,023,662,714
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Globe says RBI's Popeyes places outlets in receivership

2025-10-23 07:50 ET - In the News

The Globe and Mail reports in its Thursday edition that a Popeyes Louisiana Kitchen franchisee whose restaurants were shut down last month after employees raised allegations of unpaid wages has had his companies placed into receivership, with debts totalling $10.8-million. The Globe's Susan Krashinsky writes that court documents and corporate record searches show that the former restaurant owner, Irfan Memon, is also the central defendant in a lawsuit filed in May against Popeyes, its parent company Restaurant Brands International and Toronto-area franchisees. Companies controlled by Mr. Memon operated seven out of 27 locations listed in that lawsuit, in which a former poultry supplier to Popeyes, ADP Direct Poultry Ltd., accused the restaurants of buying "unsafe" meat from an unauthorized supplier. RBI has said, most recently in July, that it found no evidence of those claims. The seven restaurants named in the lawsuit are included in a total of 14 companies, each operating a Popeyes location, that have now been placed in receivership. Documents filed in the receivership show that shortly after ADP's lawsuit was filed, RBI raised questions with Mr. Memon's companies about where his restaurants were buying their meat.

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