Followers | 52 |
Posts | 53569 |
Boards Moderated | 3 |
Alias Born | 12/31/2002 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, November 17, 2009 4:18:03 PM
Date : 11/17/2009 @ 9:00AM
Source : Business Wire
Stock : Chipotle Mexican Grill, Inc. (CMG)
Quote : 89.14 -0.46 (-0.51%) @ 3:57PM
Chipotle Finalizes London Location
Chipotle Mexican Grill, Inc. (NYSE: CMG) (NYSE: CMG.B), the US-based chain of burrito restaurants known for serving “Food with Integrity,” has secured its first London location and is finalizing design and building plans. The restaurant, located at 114-116 Charing Cross Road, will be Chipotle’s first location in Europe and is slated to open in April of 2010.
“We are very encouraged by the prospects for Chipotle in the UK,” said Steve Ells, founder, chairman and co-chief executive officer of Chipotle. “London has become an important food city over the years, especially because of the awareness of and desire for things like locally sourced, seasonal, and artisanal ingredients. These are all core values of Chipotle and we have been instrumental in bringing this kind of thinking to fast food in the U.S. We call it ‘Food with Integrity’ and it is how we are changing the way people think about fast food. We believe Londoners will appreciate our efforts to serve food that is raised right and in a way that is so accessible.”
In the U.S., Chipotle is the only restaurant chain that is committed to serving food made with ingredients from sustainable sources, including meat from animals that are humanely raised, never given antibiotics or added hormones, and fed a pure vegetarian diet, local and organic produce, and milk from cows that are not treated with synthetic hormones.
All of Chipotle’s 900-plus restaurants offer a limited menu consisting of burritos, burrito bowls (a burrito without the tortilla), tacos and salads. Because customers choose exactly what goes into their individual order, however, there are more than 60,000 possible combinations, allowing Chipotle to meet virtually any set of dietary restrictions or preferences.
The majority of Chipotle’s growth through 2010 will be in the United States, though the company continues to look for additional sites in London. Beyond its interest in the UK, Chipotle has also started to look for locations in Paris and Munich, but has not identified specific sites or released timelines for expansion into these markets.
“In many ways, the food culture in Europe matches our priorities much more closely than in the U.S.,” said Ells. “I think we’ll be able to source beautiful ingredients from local and sustainable sources from the time we open in the UK, and establish sustainable supply chains elsewhere as we look at other European markets.”
The landlord for Chipotle’s first London restaurant is London-based Estates & Agency Holdings Limited. The company is working with local brokerage firms in London, Paris and Munich to help identify potential locations as it looks for additional sites.
About Chipotle
Steve Ells, founder, chairman and co-CEO, started Chipotle with the idea that food served fast did not have to be a typical fast food experience. Today, Chipotle continues to offer a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere. Through our vision of Food with Integrity, Chipotle is seeking better food not only from using fresh ingredients, but ingredients that are sustainably grown and naturally raised with respect for the animals, the land, and the farmers who produce the food. Chipotle opened its first restaurant in 1993 and currently operates more than 900 restaurants. For more information, visit Chipotle.com.
Forward-Looking Statements
Statements in this press release regarding the possibility and timing of opening Chipotle restaurant locations in international markets, and sourcing ingredients for any such restaurants, are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on information available to us as of the date of this press release and we assume no obligation to update these forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements. These risks and uncertainties include, but are not limited to, risks of delays in restaurant construction, the potential inability to locate and secure suitable restaurant sites or suppliers in one or more markets, the availability of a sufficient number of qualified employees to staff our international expansion, differing consumer preferences or general economic conditions in new markets, and other risk factors described from time to time in our SEC reports, including our most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q all of which are available on the Investor Relations page of our Web site at chipotle.com.
Recent CMG News
- Interactive Brokers Loses $48 Million on NYSE, Amazon Achieves Historic Market Value, and More News • IH Market News • 06/27/2024 11:13:41 AM
- CMG) SHARES TO BEGIN TRADING ON A POST-SPLIT BASIS TODAY • PR Newswire (US) • 06/26/2024 12:01:00 PM
- Doordash and Deliveroo Terminate Talks; Universal Announces UK Theme Park Plan, and More News • IH Market News • 06/26/2024 11:08:35 AM
- CHIPOTLE EXTENDS CELEBRITY STATUS TO BRAND SUPERFANS, LAUNCHES CARD APPLICATION ON LINKEDIN • PR Newswire (US) • 06/24/2024 12:07:00 PM
- UPS Divests Coyote Logistics in $1.025 Billion Deal with RXO, Under Armour Agrees to $434 million Settlement, and More News • IH Market News • 06/24/2024 11:00:20 AM
- Honeywell Acquires CAES Systems for $1.9 Billion, Sarepta Therapeutics Surges 34%, Gilead Continues Gains • IH Market News • 06/21/2024 12:00:38 PM
- Goldman Sachs Raises S&P 500 Forecast for 2024; Disney Secures Deadpool & Wolverine in Chinese Cinemas, and More • IH Market News • 06/17/2024 10:49:12 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 08:10:40 PM
- Adobe Soars 15% Pre-Market; Visa and Mastercard Encounter Hurdles in $30 Billion Agreement, and More • IH Market News • 06/14/2024 11:21:47 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/13/2024 09:29:56 PM
- CHIPOTLE UK LAUNCHES NEW APP AND OFFERS GUESTS A FREE MEAL* FOLLOWING FIRST DIGITAL PURCHASE • PR Newswire (US) • 06/13/2024 07:03:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:26:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:25:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:23:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:22:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:21:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:18:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:15:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:14:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 03:40:14 PM
- CHIPOTLE SHAREHOLDER APPROVAL PAVES WAY FOR HISTORIC 50-FOR-1 STOCK SPLIT • PR Newswire (US) • 06/06/2024 03:38:00 PM
- CHIPOTLE MEXICAN GRILL TO ANNOUNCE SECOND QUARTER 2024 RESULTS ON JULY 24, 2024 • PR Newswire (US) • 06/05/2024 08:10:00 PM
- CHIPOTLE WILL REWARD FANS WITH FREE BURRITOS DURING THE 2024 MEN'S PROFESSIONAL BASKETBALL CHAMPIONSHIP SERIES • PR Newswire (US) • 06/04/2024 12:07:00 PM
- CHIPOTLE CELEBRATES NHS WORKERS WITH A BUY-ONE-GET-ONE-FREE OFFER ON INTERNATIONAL NURSES DAY • PR Newswire (US) • 05/08/2024 07:03:00 AM
- CHIPOTLE SERVES UP MORE THAN $1 MILLION IN FREE BURRITOS TO THE HEALTHCARE COMMUNITY • PR Newswire (US) • 05/01/2024 12:06:00 PM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM