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The brand is also set to enter Seattle-Tacoma International Airport, with its first location scheduled to open this year.
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The company outlined a phased wind-down across all its active markets, including Australia, Switzerland and Italy.
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The company will use the net cash from both deals to reduce its debt.
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Padoan will oversee operational management for the Popeyes system across the US and Canada.
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City officials said Salz Management routinely failed to provide legally required advance notice of work schedules.
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The company generated revenues of $1.3bn in Q4 2025, a 10.7% rise in US dollars compared with the same period a year earlier.
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The company’s units stock dishes and snacks from several well-known national chains.
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