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Chipotle abandons Farmesa Fresh Eatery spinoff after ghost kitchen closes - TL;DR CNBC

Chipotle abandons Farmesa Fresh Eatery spinoff after ghost kitchen closes

Publishing timestamp: 2024-04-24 18:26:05


Summary

Chipotle Mexican Grill has no plans to open another Farmesa Fresh Eatery after its initial ghost kitchen location closed. The company's primary focus is on its own brand and international business, with no immediate plans for spinoffs. Kitchen United, the partner of Chipotle, closed its ghost kitchens and was acquired by SBE founder Sam Nazarian to create a new company called Everybody Eats.


Sentiment: NEUTRAL

Tickers: CMG

Keywords: chipotle mexican grill incbrian niccolbreaking news: businessbusiness newsrestaurantsretail industrybusiness

Source: https://www.cnbc.com/2024/04/24/chipotle-abandons-farmesa-fresh-eatery-spinoff-after-ghost-kitchen-closes.html


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