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Many of California’s largest quick-service restaurants—an industry that calls Orange County one of its main national hubs—are expected to raise menu prices and shed employees in the face of a new wage increase in the state.
Chipotle Mexican Grill (NYSE: CMG) today announced investments in Greenfield Robotics, a tech firm focused on regenerative farming, and Nitricity, a creator of fertilizer products, through its $50 million venture fund.
The two largest local chains—Taco Bell and Chipotle Mexican Grill Inc. (NYSE: CMG)—maintained their top spots in this year’s list and grew their global footprint by the hundreds.
Newport Beach-based Chipotle has launched a new, $50M venture capital fund, which it says will make early-stage investments in seed to Series-B companies. The fast casual restaurant chain said the new