The burger chain made an investment in Chipotle in 1998 that helped it grow from 14 locations to nearly 500 within seven years. By 2005, McDonalds had a 90% stake in Chipotles business. But one year later, McDonalds divested its stake and parted ways with the fledgling burrito chain.
Secondly, is Chipotle owned by Taco Bell? Chipotle just nabbed Taco Bells top executive. Chipotle announced Tuesday that Brian Niccol -- who has headed Yum Brandss (YUM) Taco Bell division since January 2015 -- will take over as Chipotles CEO on March 5. Current chief executive Steve Ells, Chipotles founder, will stay on as executive chairman.
Also Know, are Five Guys and Chipotle owned by the same company?
Five Guys plans to add 600 new locations throughout the U.S. in the next two years, giving the hamburger chain a total of 1,400 units. Once owned by McDonalds but spun off several years ago on its own, Chipotle, based in Denver, Colo., develops and operates fast, casual, fresh Mexican food restaurants in the U.S.
How much is the owner of Chipotle worth?
Steve Ells Alma mater University of Colorado at Boulder (B.A.) Culinary Institute of America Years active 1993–present Known for Founding Chipotle Mexican Grill Net worth USmillion
