Advertisement
Canada markets closed
  • S&P/TSX

    21,837.18
    -11.97 (-0.05%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • DOW

    38,790.43
    +75.66 (+0.20%)
     
  • CAD/USD

    0.7383
    -0.0006 (-0.08%)
     
  • CRUDE OIL

    82.56
    -0.16 (-0.19%)
     
  • Bitcoin CAD

    89,206.07
    -2,294.06 (-2.51%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,163.50
    -0.80 (-0.04%)
     
  • RUSSELL 2000

    2,024.74
    -14.59 (-0.72%)
     
  • 10-Yr Bond

    4.3400
    +0.0360 (+0.84%)
     
  • NASDAQ futures

    18,167.50
    -64.00 (-0.35%)
     
  • VOLATILITY

    14.33
    -0.08 (-0.56%)
     
  • FTSE

    7,722.55
    -4.87 (-0.06%)
     
  • NIKKEI 225

    39,443.74
    -296.70 (-0.75%)
     
  • CAD/EUR

    0.6789
    -0.0003 (-0.04%)
     

Chipotle Founder Completely Disses Former Parent Company McDonald's

chipotle founder steve ells
chipotle founder steve ells

Bloomberg TV

Chipotle founder Steve Ells.

McDonald's took on Chipotle as a subsidiary in 1998 and largely financed the chain's rapid expansion.

But Chipotle founder Steve Ells has less-than-kind things to say about his former parent company, which spun off the burrito maker in 2006 to focus on its core burgers and fries.

In an interview with The Huffington Post's Joe Satran, Ells explain ed why Chipotle couldn't reach its full potential with McDonald's in the picture:

“Think about the systems at McDonald’s,” Ells said. “It’s a very mechanized world, where you take out a highly processed patty. This frozen puck. You put it on a grill. You put it on a machine. You push a button. It beeps when it’s done, right? How are you going to attract top performers to fill that function?”

ADVERTISEMENT

Chipotle has ballooned to 1,500 locations and continues to expand rapidly.

Chipotle, whose shares are up 44% this year, got the last laugh, writes Roben Farzad at Bloomberg Businessweek

" McDonald’s is again starved for ideas and growth, while just about every brand in the restaurant biz is trying to sneak the word ' chipotle' onto their menu," he writes.



More From Business Insider