In a stroke of genius, Ells decided to bring along some burritos for the board members and, according to Ells's father another early investor in Chipotle , the board "savored them. Yet after eight years of assistance from the fast food franchise, which created the Chipotle chain we know today, that relationship ended rather abruptly. By , the mammoth McDonalds owned a 90 percent stake in Chipotle and used that influence to spur growth to over locations across the country.
But just one year later, the connection was completely dissolved. Chipotle Mexican Grill. Chipotle , meanwhile, grew and grew, until it had locations all throughout the United States. 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.
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