AFC Enterprises
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AFC Enterprises (NASDAQ: AFCE) is the Atlanta-headquartered company that owns Popeye's Chicken & Biscuits. AFC Enterprises is a publicly-traded company.
AFC was formerly the franchiser of Seattle's Best Coffee and Cinnabon. In 2003, the company sold off its Seattle's Best Coffee division to Starbucks and in 2004 sold its international division and Cinnabon to FOCUS Brands, Inc. In late 2004, AFC sold off its Church's Chicken division to Arcapita (formerly Crescent Capital Investments), a venture-capital firm that also is the parent of Caribou Coffee.
In August 2004, the company sued the now-defunct Arthur Andersen company for malpractice and breach of contract, alleging that its accountants failed to catch the problems they were hired to when performing audits for 2000, 2001, and 2002.
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