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By the time McDonald's fully divested itself from Chipotle in 2006, the chain had grown to over 500 locations. [11] With more than 2,000 locations, Chipotle had a net income of US$475.6 million and a staff of more than 45,000 employees in 2015.
The company owned a majority stake in Chipotle Mexican Grill until October 2006, when McDonald's fully divested from Chipotle through a stock exchange. [ 122 ] [ 123 ] Until December 2003, it owned Donatos Pizza , and it owned a small share of Aroma Café , from 1999 to 2001.
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Ells opened a Chipotle themed taco store in Denver, Colorado near the University of Denver campus using $85,000 borrowed from his family and friends. [ 1 ] [ 9 ] [ 10 ] Ells served as CEO of the chain from 1993 until 2009, when he split co-CEO duties with Monty Moran. [ 11 ]
Subway is the largest restaurant chain in the country with more than 20,000 locations, while McDonald's has about 13,500 locations in the U.S. This year, Chipotle plans to open between 285 and 315 ...
Is Chipotle Mexican Grill the McDonald's of burritos? Not yet -- but the "original gangster of fast-casual food" may be well on its way to achieving the ubiquity and renown of Mickey D's.
The name CosMc originated as a McDonaldland character, appearing in McDonald's advertisements from 1986 to 1992. [6] It is an extraterrestrial who "craves McDonald's food." [4] [7] In the 1990s, McDonald's tried to expand its business by buying Donatos Pizza, Boston Market, and a stake in Chipotle Mexican Grill, but within a decade had sold them off.
McDonalds was once an investor. The two parted ways in 2006, when the burger giants decided to divest. Soon after, Chipotle went public on the New York Stock Exchange.