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Chipotle moving its HQ out of Denver

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Chipotle Mexican Grill (NYSE: CMG) is moving its headquarters out of Denver 25 years after being founded in the Colorado city.

The company will relocate its headquarters to Newport Beach, California. Other corporate functions will move to an existing Columbus, Ohio, office.

“We’ll always be proud of our Denver roots where we opened our first restaurant 25 years ago. The consolidation of offices and the move to California will help us drive sustainable growth while continuing to position us well in the competition for top talent,” said Chipotle CEO Brian Niccol, who was hired earlier this year to replace company founder Steve Ells.

Read more from the Denver Business Journal.


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