Chipotle Mexican Grill, Inc. is the owner of Chipotle restaurants. The company was founded in 1993 by Steve Ells and has its headquarters in Newport Beach, California. It operates more than 2,400 restaurants worldwide with locations throughout the United States, Canada, France, Germany, and the UK.
Chipotle’s menu consists primarily of burritos and tacos made from natural ingredients such as organic black beans, salsas made from fresh tomatoes and chilies grown on farms around the world that are sustainably sourced whenever possible. Chipotle also offers a variety of other items including salads and bowls for customers who do not want to eat meat or dairy products.
Chipotle Mexican Grill is one of the most popular fast-casual restaurant chains in the United States, and it is owned by billionaire investor Steve Ells. Ells founded Chipotle in 1993 with a single location in Denver, Colorado. Since then, it has grown to more than 2,500 locations around the world and become a go-to for fans of burritos and tacos alike.
Despite its success as a publicly traded company on the New York Stock Exchange (CMG), Chipotle remains majority owned by Ells himself through his investment firm Monterey Bay Equity Partners LLC.
Chipotle History – The Rise Of A Mexican Food Giant
Is Chipotle Owned by Another Company
Chipotle Mexican Grill, Inc. is an independently operated and owned company that is publicly traded on the New York Stock Exchange under the symbol CMG. It was founded in 1993 by Steve Ells and has since grown to become one of the largest restaurant chains in the United States with more than 2,500 locations throughout North America, Europe, Asia Pacific, South Korea and Australia.
Who is the Current Owner of Chipotle?
The current owner of Chipotle is an American billionaire, Steve Ells. He started the company in 1993 when he opened his first store as a means to serve delicious burritos and tacos to customers. Since then, it has grown into one of the most successful fast-food chains in the world.
Ells was born and raised in Colorado where he discovered his love for cooking at an early age. After studying business at college and gaining experience working in several kitchens around Boulder, he decided to open his own restaurant and began serving Mexican fare from a single location near Denver University campus. For more than two decades since its inception, Chipotle has experienced immense success under Ells’ leadership with more than 2,500 locations across the United States alone—plus even more throughout Europe, Canada, Asia Pacific Region and beyond.
What Percentage of Chipotle Does Mcdonald’S Own?
McDonald’s Corporation has had a long-standing relationship with Chipotle Mexican Grill, Inc., one of the leading fast-casual restaurant chains in the United States. Since 1998, McDonald’s has held an investment in Chipotle, which began with a minority stake and eventually increased to more than 90 percent ownership by 2006. In October 2006, McDonald’s fully divested from Chipotle as part of its strategy to focus on its core brands; however, it retained a small stake of about 9.9% ownership.
As of June 2020, McDonald’s still holds this relatively small percentage of equity interest in Chipotle at around 10%. The remaining 90% or so is owned by other shareholders including institutional investors such as Vanguard Group Inc., Blackrock Inc., State Street Corp., and Fidelity Management & Research Co.
Who Owns Most of Chipotle Stock?
The majority of Chipotle stock is owned by institutional investors, with the largest shareholder being Fidelity Investments. According to a May 2020 filing with the Securities and Exchange Commission (SEC), Fidelity holds over 14.1 million shares in Chipotle Mexican Grill Inc., representing approximately 9% of total outstanding shares. Vanguard Group Inc., BlackRock Fund Advisors, and State Street Global Advisors are also among the top five shareholders of Chipotle’s common stock, holding 8%, 7%, and 6% respectively.
Collectively, these four institutions own 30% of all outstanding shares in Chipotle as of May 2020. Other notable holders include Capital Research & Management Co., Wellington Management Co LLP, T Rowe Price Associates Inc., JPMorgan Chase & Co, Invesco Ltd., Bank Of New York Mellon Corp, and Morgan Stanley Investment Management Inc. All together these 10 institutional investors hold a combined 60% stake in all publically traded shares for this popular fast-casual restaurant chain.
Is Chipotle Owned by Mcdonald’S Corporation?
No, Chipotle is not owned by McDonald’s Corporation. Chipotle was founded in 1993 and initially operated as a subsidiary of McDonald’s until it became an independent company in 2005. Since then, the two companies have been completely separate entities with different ownership structures, even though they both offer fast food options.
Chipotle operates independently from McDonald’s and has developed its own unique identity through its mission to serve “Food With Integrity.” This includes sourcing responsibly raised ingredients and serving meals free of artificial preservatives, flavors or colors from artificial sources. Additionally, Chipotle offers more variety on their menu than most traditional fast-food restaurants with items such as tacos, burritos bowls and salads that can be customized according to customer preferences.
Despite being separate corporations now, there is still some overlap between the two companies due to various partnerships over the years including co-branding campaigns like McWraps at select locations which combined elements of both menus into one meal option for customers.
Does Taco Bell Own Chipotle?
No, Taco Bell does not own Chipotle. The two Mexican fast food restaurants are actually owned by different companies. Taco Bell is a subsidiary of Yum! Brands, Inc., which also owns Pizza Hut and KFC.
Meanwhile, Chipotle is its own independent company that has been publicly traded since 2006. However, there is one connection between the two brands: Steve Ells founded both Taco Bell and Chipotle in 1993 before selling off his majority stake in the former to focus on the latter full-time. Despite this link, the two eateries remain separate entities with distinct menus and branding philosophies.
Is Chipotle Franchise Owned?
Yes, Chipotle Mexican Grill is a franchise-owned business. Founded in 1993 by Steve Ells, the restaurant chain has become one of the most popular Mexican fast food restaurants in America. Since its inception, Chipotle has grown to more than 2,400 locations across the United States and several other countries around the world.
All of these locations are owned by independent franchisees who pay royalties and fees to Chipotle’s parent company for their right to operate under the brand name. The majority of these franchises are single store operations that require an initial investment ranging from $500K -$1M depending on location size and equipment needs; however there are also multi-unit development opportunities available for those looking to invest larger amounts into multiple stores at once. By investing in a Chipotle franchise, owners can take advantage of an established brand with strong customer loyalty as well as growth potential due to increased demand for healthier quick service options like burritos and bowls made with fresh ingredients prepared daily onsite.
Conclusion
In conclusion, Chipotle is a fast-casual Mexican restaurant chain that has become increasingly popular in the United States and beyond. It was founded by Steve Ells in 1993, who still owns 90% of the restaurants today. The remaining 10% is owned by McDonald’s Corporation (which previously held a majority stake).
Chipotle’s success can be attributed to its fresh ingredients and commitment to sustainability, as well as their use of technology such as digital ordering options which have helped make them one of the most successful restaurant chains in recent years.