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Chipotle Mexican Grill, Inc. (/ tʃ ɪ ˈ p oʊ t l eɪ /, chih-POAT-lay), [3] often known simply as Chipotle, is an American multinational chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer. [4] [5] [6] As of June 30, 2024, Chipotle has 3,500 restaurants. [7]
Ackman first bought Chipotle shares in the third quarter of 2016. He increased Pershing Square's position by more than fivefold in the following quarter. However, Ackman has sold a lot more of the ...
Enter Chipotle Mexican Grill (NYSE: CMG), the Tex-Mex pioneer known for its fast service, simple menu, and consistent food. Pershing Square first bought a stake in 2016, which was a contrarian ...
Steve Ells (born September 12, 1965) [1] is an American businessman. He is the founder, former chief executive officer, and former executive chairman of Chipotle Mexican Grill.
He was on the board of Chipotle Mexican Grill [12] from 2013 to 2019. [13] He is the brother of Elon Musk, Tosca Musk, son of Errol and Maye Musk, and a major shareholder in Tesla. [14] In 1995 he co-founded, with his older brother, Elon Musk, the software company Zip2, which was acquired by Compaq for $307 million in 1999.
This was a comparatively easy task with Chipotle. When Ackman's fund first bought its stock in 2016, Chipotle had a 10-year track record as a public company and had expanded to about 2,000 ...
Both of those chains also suffered from poor sales, and had fewer locations compared to the other chains in the Yum! Brands portfolio. In September 2011, Yum! announced they had found buyers for the A&W and Long John Silver's chains. A Great American Brand bought A&W, and Long John Silver's was sold to LJS Partners LLC. [27]
Chipotle (NYSE: CMG) is one step closer to the finish line of its historic stock split.At its annual meeting of shareholders held on June 6, 2024, shareholders approved the measure, paving the way ...