McDonald's Corporation announced on Wednesday that it plans to sell a minority stake in the Chipotle Mexican Grill chain through an IPO. According to the Chicago Sun Times, McDonald's expects to launch the IPO in the first quarter of 2006 and invest $1.8 billion in capital expenditures. McDonald's also intends to open 850 additional McDonald's restaurants in 2006.
Posted by franchiselawblog at September 23, 2005 03:31 PM