Who owns chipotle mexican grill

Is Panera owned by Mcdonalds? At the peak of , 1. Then came the meltdown. In August , Chipotle customers were sickened by norovirus in California and salmonella in Minnesota. Chipotle has created value for its shareholders, which has translated to a higher market cap, and subsequently, a higher share price. The company only has Chipotle Mexican Grill restaurants are mostly company-owned and are no longer being offered as a 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. In , McDonald's made an initial minority investment in the company.

By , the company had grown to become Chipotle's largest investor. McDonald's investment allowed the firm to quickly expand from 16 restaurants in to over stores by In October , McDonald's fully divested from Chipotle.

Chipotle went public in In late , there was a series of E-coli outbreaks at various Chipotle Mexican Grill restaurants, including 11 Chipotle restaurants in Washington and Oregon.

The CDC has informed Chipotle that it identified six additional cases in which initial testing matches the E. In response to this incident, Chipotle said it took steps to make sure its restaurants were safe, although the group experienced a tremendous drop in stock price.

The company said it conducted deep cleaning at the restaurants that were connected to the E-coli outbreak, replacing ingredients in those restaurants, changing food preparation procedures, providing all necessary supply chain data to investigators, and surveying employees to be sure none have had any symptoms of illness. Chipotle also said the company is expanding testing of key ingredients, examining all of its food-safety procedures to find other opportunities for improvement, and is working with two renowned food safety scientists to assess all of its food safety programs, from the farms that provide its food to its restaurants.

According to the CDC, about 48 million cases of food-related illness happen in the U. They really wanted us to do breakfast.

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