Chipotle Mexican Grill, Inc. (/ tʃɪˈpoʊtleɪ/, chih-POHT-lay), frequently recognized just as Chipotle, is an American chain of fast laid-back dining establishments in the USA, UK, Canada, Germany, and France, concentrating on tacos and Objective burritos that are tailored before the customer. Its name derives from chipotle, the Nahuatl name for a smoked and dried-out jalapeño chili pepper. The firm trades on the New York Stock Exchange under the ticker symbol CMG.
Chipotle is one of the first chains of quick casual eating facilities. Rivals in the fast-casual Mexican market include Qdoba Mexican Grill, Moe's Southwest Grill, Rubio's Coastal Grill, and also Baja Fresh. Founded by Steve Ells on July 13, 1993, Chipotle had 16 dining establishments (done in Colorado) when McDonald's Firm became a major investor in 1998. By the time McDonald's fully unloaded itself from Chipotle in 2006, the chain had actually expanded to over 500 locations. With greater than 2,000 locations, Chipotle had a take-home pay of US$ 475.6 million and personnel of more than 45,000 employees in 2015.
In May 2018, Chipotle announced the moving of their corporate headquarters to Newport Coastline, The Golden State, in Southern California, ending their partnership with Denver after 25 years.