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TH International dumps Popeyes to focus on struggling Tim Hortons
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The Chinese fast-food operator is raising $50 million in new funding through the sale of convertible notes to its two founding partners.
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Spurned once is bad enough. But the Popeyes fast food brand is looking increasingly like a wallflower in the massive China restaurant market, after being dumped there last week for the third time. The popular fried chicken chain was spurned this time by TH International Ltd. (THCH.US), which only acquired the China rights to Popeyes two years ago.

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