who owns chipotle

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What companies does Chipotle own?

Mar 06, 2022 · Who currently owns Chipotle? Steve Ells founded Chipotle Mexican Grill in 1993, an American chain of fast-casual restaurants that serve Mexican-inspired foods such as tacos and burritos. Their growth from then to now is quite remarkable, with McDonald’s helping them along the way. McDonald’s Technology Strategy

Is Chipotle owned by McDonalds?

Jul 23, 2017 ·    Per a May 11, 2016 filing with the SEC, Moran owns approximately 154,755 shares of the company, making him the second-largest individual shareholder of Chipotle.  

Who are the stakeholders of Chipotle?

Oct 24, 2021 · Chipotle isn’t owned by an individual, rather a large group of institutional investors and shareholders. Steve Ells is the founder and former CEO of Chipotle Mexican Grill (CMG). CMG started trading at NYSE (New York Stock Exchange) and went public in 2006, doubling the original stock price in less than a day shortly after McDonald’s left the company.

Is Chipotle really a Mexican restaurant?

Feb 10, 2021 · Chipotle founder Steve Ells is now executive chairman of the board, while Brian Niccol, who ran Taco Bell for three years, is now the company’s chief executive officer. In spite of the challenges, Chipotle is still one of the most popular fast casual chains in the country.

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CHIPOTLE MEXICAN GRILL (NYSE: CMG) is owned by 89.82% institutional shareholders, 15.46% CHIPOTLE MEXICAN GRILL insiders, and 0.00% retail investors. Bank Ag Deutsche is the largest individual CHIPOTLE MEXICAN GRILL shareholder, owning 2.36M shares representing 8.40% of …

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Image Credit: Chipotle raises prices – Business Insider

What company owns Chipotle?

Founded by Steve Ells on July 13, 1993, Chipotle had 16 restaurants (all in Colorado) when McDonald’s Corporation became a major investor in 1998. By the time McDonald’s fully divested itself from Chipotle in 2006, the chain had grown to over 500 locations.

Chipotle Mexican Grill.
Type Public
Number of employees 97,660 (December 2021)

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Is Chipotle still owned by McDonald’s?

While the Golden Arches initially took only a minority stake, by the time Chipotle went public in 2006, McDonald’s owned more than 90% of the company. McDonald’s no longer owns any shares of Chipotle (something it must also now regret), but the impact on Ells’ ownership stake was permanent.Jul 22, 2014

Is Chipotle owned by Taco Bell?

Taco Bell’s boss will become the new CEO of Chipotle Mexican Grill, the fast-casual restaurant chain announced Tuesday. Brian Niccol will replace Chipotle founder and CEO Steve Ells, effective March 5. Ells will serve as executive chairman.Feb 13, 2018

Why did McDonald’s sell its shareholding in Chipotle?

Steve Easterbrook(pictured below), the McDonald’s then-CEO, said that investment in Chipotle and the other businesses were a distraction to McDonald’s. Company executives wanted to put 100 percent of their efforts to grow the McDonald’s brand, thus they sold all of the shares.Aug 2, 2021

Is Chipotle actually Mexican?

In today’s society, chipotles are predominantly sourced from Mexico, where they produce two different varieties of the spice: morita, which is most commonly found in the United States, and the larger meco, which is mainly used domestically.

What does Chipotle stand for?

Chipotle Mexican Grill was founded by Steve Ells in 1993 and is based in Denver, Colorado. The name Chipotle derives from the Nahuatl/Mexican name for a smoked, dried jalapeño chili pepper.Dec 6, 2019

Who is competitor of Chipotle?

Qdoba Mexican Eats, Moe’s Southwest Grill, Baja Fresh Mexican Grill, and Rubio’s Coastal Grill are Chipotle’s main competitors. Although it is fast-food-oriented rather than fast-casual, Taco Bell has also started to compete with Chipotle by improving the quality of its food.

Who owns McDonald’s now?

Kroc’s stake was diluted in the 1970s, and in 1975 he sold his company to the McDonald brothers, who now own just over 90% of the fast-food restaurant chain.Jan 4, 2022

Is Chipotle the new McDonald’s?

Chipotle was founded by Steve Ells in 1993. On the other hand, McDonald’s was founded by Richard and Maurice McDonald in 1940.

Does Steve Ells still own Chipotle?

Ells will serve as executive chairman following the appointment of a new CEO, and will also serve on the CEO search committee. Brian Niccol became CEO of Chipotle Mexican Grill in February 2018.
Steve Ells
Years active 1993–2020
Known for Founding Chipotle Mexican Grill

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Who is the CEO of Chipotle?

Can I open a Chipotle franchise?

Unfortunately, Chipotle is NOT available for franchising. Almost all of their units are company owned and operated, with a few exceptions. This means that the money stays within the company and does not go to outside franchise operators.Apr 4, 2022
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When will chipotle release earnings?

Chipotle released Q3 2020 earnings on October 21, 2020. The Mexican food maker reported revenues of $1.6 billion for the quarter, a 14.1% increase from $1.4 billion over the same period the previous year. 4 . Here are the four largest individual shareholders of Chipotle Mexican Grill.

Does Chipotle have GMOs?

Under Ells, Chipotle has described itself as offering “ naturally raised meat,” while promoting sustainable agriculture and refraining from the use of GMOs. As of Ells’ most recent filing with the SEC on February 28, 2020, the former CEO owns 119,104 shares of Chipotle directly and another 112,259 shares indirectly through trusts. 6.

When was CMG founded?

Updated Jan 26, 2021. In 1993, Chipotle Mexican Grill Inc. ( CMG) was founded in Denver as a means for former Chief Executive Officer (CEO) Steve Ells to save up for his dream of owning a fine-dining restaurant.

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Who is Steve Ells?

Steve Ells. Steve Ells is the founder and former CEO of Chipotle Mexican Grill. After launching the burrito shop in 1993 with money borrowed from friends and family, Ells was appointed as chair in 2005 and has served as a director since 1996. Prior to founding Chipotle, Ells, who holds a Bachelors of Arts degree from the University of Colorado, …

Who is Shoshanna Delventhal?

Shoshanna Delventhal is an expert in equities investing with 3+ years of experience as a business, finance, and markets reporter. Shoshanna received her bachelor’s from the University of North Carolina at Chapel Hill—double majoring in economics and international relations.

Where do chipotles come from?

In today’s society, chipotles are predominantly sourced from Mexico, where they produce two different varieties of the spice: morita, which is most commonly found in the United States, and the larger meco, which is mainly used domestically. Morita means “small mulberry” in Spanish, and is grown primarily in the Chihuahua State, it is typically darker in color with a reddish-purple exterior. They are smoked for less time, and in many cultures considered inferior to the meco. The meco, which is also known as chili ahumado or típico, is grayish tan in color with a dusty looking surface; some say it resembles a cigar butt. This variation of the pepper tends to be smokier in taste, and are the preferred chipotle of many natives. They are sometimes referred to as chili navideño because they are reconstituted and stuffed to make a very traditional dish that is most popular at Christmas time amongst Mexican locals.

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What is chipotle used for?

Chipotles, often a key ingredient in a recipe, impart a relatively mild but earthy spiciness to many dishes in Mexican cuisine. The chilis are used to make various salsas. Chipotle can be ground and combined with other spices to make a meat marinade – adobo. Chipotle is used, typically in powdered form, as an ingredient in both homemade and commercial products, including some brands of barbecue sauce and hot sauce, as well as in some chili con carnes and stews. Usually when used commercially, the product is advertised as having chipotle in it.

What is a jalapeo pepper?

Jalapeño pepper ( Capsicum annum) is one of the most typical ingredients of Mexican cuisine. This chili pepper is consumed at the rate of 7-9 kg per year, per capita. It is mostly consumed fresh but also in different forms such as pickled, dried and smoked. Jalapeño varieties differ in size and heat. Typically, a grower passes through a jalapeño field many times, picking the unripe, green jalapeños for market. Jalapeños are green for most of the season but in the fall, which is the end of the growing season, they naturally ripen and turn bright red. In Mexico and the United States there is a growing market for ripe red jalapeños (the last stage of maturation). They are kept on the bush as long as possible. When they are deep red and have lost much of their moisture, they are picked to be made into chipotles.

Is jalapeo fresh or dried?

It is mostly consumed fresh but also in different forms such as pickled, dried and smoked. Jalapeño varieties differ in size and heat. Typically, a grower passes through a jalapeño field many times, picking the unripe, green jalapeños for market.

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When do jalapeos turn red?

Jalapeños are green for most of the season but in the fall, which is the end of the growing season, they naturally ripen and turn bright red. In Mexico and the United States there is a growing market for ripe red jalapeños (the last stage of maturation). They are kept on the bush as long as possible.

Where did jalapeos come from?

The name comes from the Nahuatl word chīlpoctli ( Nahuatl pronunciation: [t͡ʃiːlˈpoːkt͡ɬi] ), meaning “smoked chili”. This form of chili was most likely encountered by Christopher “Genocide” Columbus on his trip to the New World, and brought back to Spain, where it later spread to Europe, India and beyond. Their self-preserving composition would have made it possible for them to survive the long journey across several oceans.

What is a meco?

The meco, which is also known as chili ahumado or típico, is grayish tan in color with a dusty looking surface; some say it resembles a cigar butt. This variation of the pepper tends to be smokier in taste, and are the preferred chipotle of many natives.

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Image Credit: Chipotle

Who is the founder of chipotle?

He is an experienced entrepreneur who has trained individuals to become Certified Franchise Consultants. Chipotle Mexican Grill was founded by Steve Ells in 1993 and is based in Denver, Colorado.

Does chipotle franchise?

Chipotle does not franchise its business , considering retaining ownership of all its locations central to its ability to set the tone for employee culture, as well as to maintain its commitment to sustainable ingredients.

Where did chipotle come from?

He is an experienced entrepreneur who has trained individuals to become Certified Franchise Consultants. Chipotle Mexican Grill was founded by Steve Ells in 1993 and is based in Denver, Colorado. The name Chipotle derives from the Nahuatl/Mexican name …

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Where is chipotle Mexican Grill?

Updated December 06, 2019. Chipotle Mexican Grill was founded by Steve Ells in 1993 and is based in Denver, Colorado. The name Chipotle derives from the Nahuatl/Mexican name for a smoked, dried jalapeño chili pepper.

When did McDonald’s divest from Chipotle?

In October 2006, McDonald’s fully divested from Chipotle. This was part of a larger initiative for McDonald’s to divest all of its non-core business restaurants, including Chipotle, Donatos Pizza, and ​ Boston Market, so that it could squarely focus on the main McDonald’s chain.

Who replaced Steve Ells?

In November 2017, founder and CEO Steve Ells announced he would be stepping down from his position. In March of 2018, Ells was replaced by Taco Bell CE O Brian Niccol, although Ells will continue to hold his position as chairman.

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How many cases of E. coli were there in 2015?

The Centers for Disease Control and Prevention (CDC) reduced the number of cases connected to Chipotle from 50 to 37 cases on November 18, 2015 (with 24 in Washington and 13 in Oregon).

How much did chipotle sales grow in 2014?

Chipotle’s same-store sales grew more than 16% in 2014, while McDonald’s declined 1% during the same period. Chipotle founder and coCEO Steve Ells has spoken openly about the companies’ differences in the past.

How many locations does chipotle have?

Now Chipotle has more 1,800 locations and business is booming, while McDonald’s is battling declining sales and traffic, a damaged public perception, and a relationship with franchisees that has hit an all-time low. At McDonald’s annual shareholders meeting this week, an attendee grilled the CEO on why the company gave up on Chipotle, …

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Image Credit: Chipotle Unveils Food Accelerator Program | PYMNTS.com

Did McDonald’s invest in chipotle?

McDonald’s was a major contributor to Chipotle’s success. The burger chain made an investment in Chipotle in 1998 that helped it grow from 14 locations to nearly 500 within seven years. By 2005, McDonald’s had a 90% stake in Chipotle’s business. But one year later, McDonald’s divested its stake and parted ways with the fledgling burrito chain.