Fast_Casual

Financing

Chipotle closes an Ohio restaurant amid food scare

The company’s stock fell 7% after people reported getting sick at a location in a Columbus suburb. The restaurant was set to reopen Tuesday.

Financing

Digital orders and higher prices fuel Chipotle sales

But traffic is down as the company works on efforts to lure more customers.

The company’s zucchini noodles helped same-store sales and traffic in the second quarter.

Former Moe’s executive has a growth plan for the burger chain.

Co-founder Erik Oberholtzer has been named executive chairman of the fast-casual chain.

The company’s stock fell on Tuesday after an analyst downgrade that cited its innovation challenges.

The former ad agency executive will work to build the fast-casual chain’s brand.

The chain plans to evolve its marketing and product pipeline and rely a lot more on technology.

The company’s restructuring is expected to cost up to $135 million.

Social Monk Asian Kitchen will be the chain’s second try at an Asian concept and will debut this fall.

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