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Chipotle to relocate its HQ to Newport Beach, Calif., impacting 400 staffers

Chipotle Mexican Grill Inc. CMG, +0.50% stated Wednesday that it is relocating its headquarters to Newport Beach, Calif. from Denver. Functions handled in the Denver administrative center, in addition to the company's New York administrative center, will both transfer to Newport Beach or to an present administrative center in Columbus, Ohio. About 400 employees can be impacted, with some introduced relocation and retention packages. The Columbus administrative center, with recently 100 employees, will grow to greater than 250. Chipotle is website hosting a special investor call on June 27, at which time it's going to move into further element. Chipotle stocks are up nearly 51% for the year up to now whilst the S&P 500 index SPX, +0.24% is up nearly 2% for the duration.