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Home»Hook»Popeyes was $400m in debt. Then, 1 genius move saved the founder.
Hook

Popeyes was $400m in debt. Then, 1 genius move saved the founder.

June 3, 2022
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Amid the colourful hustle and bustle in New Orleans, a donut maker labored day and evening to make ends meet.

He had come a great distance from the times of when he was a poor child, who was merely pleased to have sneakers for his toes.

Nonetheless, he couldn’t assist however look to the brand new restaurant down the road with envy. KFC. The favored fried hen store opened later and closed earlier however was doing 4 occasions the enterprise when in comparison with his.

Crushed down and jealous, the donut maker determined to wager on himself and make his personal fried hen to compete with KFC. It was solely till one mistake after one other that he lastly got here up with a secret recipe that prospects beloved.

However, his threat all of it mentality that led to his eventual success would convey on monumental debt: $400 million. Luckily, one, ingenious transfer turned his luck round and allowed him to make $10 million a 12 months — doing completely nothing.

That is the story of how a donut maker went from struggling to make ends meet to constructing and saving Popeyes: one of the vital in style, billion-dollar chains on the planet.

Sources: https://pastebin.com/5GPK1q27

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