By , Chipotle would have nearly 2, locations. Ells continued to open new restaurants, using capital, at first, from his father and small business loans. In , McDonald's became an investor in Chipotle.
By , McDonald's was the majority shareholder. However, in , when Chipotle geared up for its initial public offering, McDonald's divested. This move was part of the burger giant's larger effort to distance itself from all non-core business restaurants, including Boston Market.
The fall was due, in part, to the recession, which slowed consumer spending at restaurants. Combining Moran's operational experience and Ells entrepreneurial spirit helped bolster Chipotle for nearly a decade. Investor expectations soared, but sales began to slow, and the stock stumbled in In a bid to reinvigorate growth, Chipotle began ShopHouse, an Asian-inspired chain, which once again excited investors. ShopHouse eventually would be scrapped but Chipotle also has tested the waters for a pizza business, Pizzeria Locale, and burgers, called Tasty Made.
That October, officials linked Chipotle to an E. Then, in December, the Boston Public Health Commission determined that at least 65 people, including Boston College students and basketball players, had symptoms consistent with norovirus, which they linked to a Boston-area Chipotle.
The fallout hammered Chipotle's comparable-restaurant sales and share price, and damaged its reputation. Despite efforts by Chipotle and the Centers for Disease Control, it is unknown exactly what caused the E. As for the norovirus outbreak, it was speculated that either an employee at Chipotle or a patron spread the sickness.
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. Actively scan device characteristics for identification.
Use precise geolocation data. Select personalised content. In December , Chipotle hired chef Nate Appleman to develop new cuisine. In , U. In December, Chipotle fired employees from its Minneapolis restaurants as a result of the audit, resulting in protests by local groups. C, which resulted in 40 workers being fired. On December 18, , the company revealed that it had opened its first fast-food pizza chain in Denver back in May According to The Associated Press, Chipotle partnered with a local full-service restaurant called Pizzeria Locale to create a fast-food version of the eatery, keeping its name.
The company plans to open at least two more pizzerias in the Denver area. In April , Chipotle announced an increase in menu prices for the first time in nearly three years, due to increasing costs for steak, avocados, and cheese.
The price increase is expected to be rolled out from the end of first quarter of until the end of the third quarter. Compass Group Plc history, profile and corporate video Compass Group Plc provides food and support services to customers in the workplace, in schools and colleges, hospitals, at leisure and in remote environments.
Darden Restaurants, Inc. It owns and operates restaurants. The company's restaurant brands include Red Lobster, Oliv
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