The November bankruptcy filing of CBL Properties, the large mall and shopping center REIT, echoes a dreary sentiment for malls, shopping cente…
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2019 might be considered an off year for public restaurant chains as only seven companies outperformed the outsized 28.9% return of the S&P 500 benchmark. However, the industry's stock market benchmark, the Restaurant Finance Monitor Stock index, weighted 70% in quick-serve restaurants and 30% in casual dining ones, returned 16.74%, an otherwise impressive performance.
Chipotle announced that Steve Ells would be exiting his role as chairman and CEO, becoming executive chairman when the company can find a replacement for the man who founded the brand back in 1993.
Moving beyond billboards with tinfoil-wrapped monster burritos, Chipotle is ready for a new marketing campaign.
On Chipotle's bleak, third-quarter earnings call, CEO and Co-founder Steve Ells announced the company was pursuing “strategic alternatives” for five-year-old ShopHouse Southeast Asian Kitchen.