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Did this happen to Chipotle?
by Whatarethese 2y ago
Did this happen to Chipotle?
- erikerikson 2y agoAnd then it was reversed, purchased back by the founder for less
- JackFr 2y agoChipotle took on McDonalds as an early investor, used McDonald's investment to quickly expand from 16 to 500 stores. Chipotle had a tremendously successful IPO, which they used to fund further growth. McDonalds, who was always a minority investor, divested themselves from Chiptole earning $1.5 billion on a $450 million investment. It trades on the NYSE as CMG and has a market cap of 88 billion.
- Zenzero 2y agoBased on how Chipotle has been the last couple years though, I foresee them going down the route of Red Lobster within the next 10 years. That kind of valuation goes against how bad the food has gotten.
- erikerikson 2y agoThanks for stimulating me to update