Chipotle was started by Steve Ells in Denver in 1993. In 1998 McDonalds acquired a majority interest and operated the chain as a separate division. In October of 2006 McDonalds spun off
(similar to an initial public offering) Chipotle as a separate public company and fully divested its interest with the offering.
Through 2007 one could have bought their stock around $50. and then again after the market meltdown. Earlier this year, the stock reached a high near $350 but has pulled back
under current market conditions to around $320. It is one of the most successful restaurants since the spin off.
Via Huffington Post:
Steve Ells, Chipotle Founder And CEO, Honored As Innovator By 'WSJ Magazine'
First Posted: 10/24/11 02:03 PM ET Updated: 10/26/11 12:21 PM ET
http://www.huffingtonpost.com/2011/10/24/steve-ells-chipotle-innovator-wsj-magazine_n_1028416.html
Quote:
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Since 2011 began, Chipotle has hired talented James Beard award-winner Nate Appleman as its culinary manager, started to add healthier items to many of its outposts and launched an Asian spin-off brand called ShopHouse.
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