Chipotle Boosts Innovation With Investments in Food Tech and Dining
Chipotle Mexican Grill(CMG) ZACKS·2024-10-16 21:05
Chipotle Mexican Grill, Inc. (CMG) continues its strategic growth with two new minority investments in Lumachain, an AI-driven supply chain platform, and Brassica, a fast-casual restaurant concept. The investments are stated to be part of CMG’s $100 million Cultivate Next venture fund.Launched in 2022, the fund focuses on early-stage companies that drive Chipotle’s long-term growth, intending to expand to 7,000 restaurants across North America. In addition to Lumachain and Brassica, the fund has invested in ...