Goldman Sachs to Pay $500M in 1MDB Shareholder Fraud Settlement 
H.B. Fuller Eyes Advanced Medical Solutions in Potential £600M Takeover Deal 
PDG Explores $1 Billion Sale of China Data Center Assets 
Boeing Wins Fraud Lawsuit Over 737 MAX Filed by LOT Polish Airlines 
US Economy Fueled by AI Investment Faces Rising Risks Ahead of Fed Meeting 
Japan Posts Strong April Trade Surplus as Exports Surge Amid Robust U.S. and China Demand 
Asian Stocks Slide Ahead of Nvidia Earnings as Tech Shares Tumble 
Moody’s Downgrades Mexico Credit Rating Amid Rising Debt and Fiscal Pressure 
Samsung Union Confirms 18-Day Strike After Failed Wage Talks 
Lam Research Expands AI-Powered Semiconductor Tools and Arizona Operations 
Nvidia Beats Earnings Expectations as AI Demand Drives Record Growth 
Trump-China Summit Yields Limited Progress on Trade and Tech Cooperation 
Spying, Southampton and economic pressure cooker of the ‘richest match in football’ 
SpaceX Starship V3 Test Flight Boosts IPO Momentum Ahead of Historic Market Debut 
Fed Signals Possible Rate Hikes if Inflation Remains High in 2026 
Chipotle Mexican Grill announced the launching of its new spinoff which has been named the Farmesa Fresh Eatery. It will open in California at the Third Street Promenade in Santa Monica and store hours will be limited for its soft opening this month.
Chipotle Mexican Grill teamed up with ghost kitchen firm, Kitchen United Mix, to introduce Farmesa Fresh Eatery which it expects to help the company test and learn new things for its future restaurant concepts. This will mostly serve healthy food options with fresh ingredients and the menu served in bowls.
The restaurant chain told FOX Business that its spinoff store is officially rolling out in March. Before this, it will conduct a soft opening with limited store hours only.
Customers will be able to get their orders via pick up or delivery arrangement at Kitchen United Mix space at the Third Street Promenade. Deliveries are done via delivery apps such as DoorDash and Uber Eats.
The Farmesa is Chipotle’s first spin-off under the leadership of chairman and chief executive officer, Brian Niccol. He said this is a strategic move with the goal of creating or investing in emerging culinary spaces and restaurant concepts that suits the brand’s kind of food.
Since the new spinoff restaurant promises to serve fresh ingredients, its menu line features lots of greens, proteins, and grains inspired by the chain’s “Food with Integrity” standards. Farmesa will also serve 100% certified organic, non-GMO and all-natural beverages that will be supplied by Tractor Beverage Co.
"One of our strategic objectives is to create or invest in emerging culinary spaces and restaurant concepts that fit within Chipotle's food with integrity mission and make fresh food daily," CEO Niccol said in a press release. "Our New Ventures team, which was created in 2022, developed a unique restaurant concept that uses classic culinary techniques with flavorful ingredients in a fast-casual setting that we are excited to test and learn on before we determine a broader rollout strategy."
Chipotle’s vice president of new ventures, Nate Lawton, further said, "Launching Farmesa in the Kitchen United Mix food hall in Santa Monica and partnering with third-party partners for pickup or delivery will allow us to reach a large number of consumers, learn quickly, and evolve our concept and menu so that we can deliver on our goals before expanding.”
