restaurants
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TIL McDonald’s was 90% owner of Chipotle restaurants until 2006 when they sold their shares for $1.5 Billion. Today Chipotle is worth over $35 Billion and among the 500 most valuable companies on earth. Part of the reason for the sale was disagreement over adding drive thrus to Chipotle locations.
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whatilearned
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TIL about Dave Thomas, who was a mentee of Colonel Sanders, who came up with the idea for the rotating bucket sign and having the Colonel appear on TV. He later sold his stake in four of his franchises back to Sanders for $1.5 million, then went on to found a chain of restaurants called Wendy’s.
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whatilearned
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