What restaurant did Steve Ells work at?
Chipotle Mexican Grill
Steve Ells (born September 12, 1965) is an American businessman. He is the founder, former CEO, and Executive Chairman of Chipotle Mexican Grill. Ells founded Chipotle in 1993, and under his direction, the chain serves what it describes as “naturally raised meat” and promotes sustainable agriculture.
What city is Steve Ells from?
Indianapolis, Indiana, United States
Steve Ells/Place of birth
Why did Steve Ells start Chipotle?
Ells had attended the University of Colorado and later the Culinary Institute of America. Then 28, Ells created Chipotle to help him fund a fine-dining restaurant he had dreamed of. The restaurant quickly gained traction with it’s fast yet quality food service and began to gain a cult following.
Who are Steve Ells parents?
“We were very concerned, Steve’s father, Bob Ells told Bloomberg. “We figured there was a possibility that he would probably have to come home and live with us, and we’d have to continue to subsidize his income.”
Is Chipotle still owned by McDonald’s?
In 2006, McDonald’s decided to get out of the Chipotle business and sold all its shares of Chipotle back to the chain. Chipotle founder Steve Ells is now executive chairman of the board, while Brian Niccol, who ran Taco Bell for three years, is now the company’s chief executive officer.
Who’s the owner of Taco Bell?
Yum! Brands
Yum China
Taco Bell/Parent organizations
How much did it cost to first open Chipotle?
Chipotle went public in January 2006, opening at $45 and closing at $44 on its first day of trading, double its initial public offering price of $22 at the New York Stock Exchange.
How much did McDonald’s pay for Chipotle?
McDonald’s had invested approximately $360 million into Chipotle, and took out $1.5 billion. McDonald’s had attempted to get Chipotle to add drive-through windows and a breakfast menu, which Ells resisted.
Which fast food restaurant did McDonald’s own 90 of?
That first year, McDonald’s invested $50 million into the Mexican food restaurant. Over the next seen years, Chipotle opened almost 500 new restaurants, and by 2005 McDonald’s investment had grown to 90 percent, basically meaning that the golden arches did own Chipotle.