Chipotle Mexican Grill announced plans to sell all its shares, and to stop offering free burritos in the U.S. to people over age 50.
The announcement comes amid heightened concerns about Chipotle’s health, which has been on the rise over the past year.
Chipotle announced the decision in a statement on Tuesday, citing a recent study that found its customers are at a higher risk of getting stomach ulcers and developing heart disease, both of which are common in older people.
The move comes amid a national push by food companies to curb the use of antibiotics in food production, which is a source of foodborne illnesses.
But it’s a move that could be costly for Chipotle, which sells over 700 million meals a day in the United States.
It has more than 3.6 million employees.
The company said in the statement that the new policy would not affect the company’s sales, but it would “improve the health and wellness of our customers and provide a level playing field for all our partners.”
Chipotle’s decision comes on the heels of a similar decision by Starbucks Corp., which last month said it will stop giving free burrito bowls to older people and people over 50.
Chipotle is not alone in its concerns about its health, as the company faces a wave of lawsuits from workers and others who say they are being overworked, underpaid and denied benefits.
The move to sell its shares comes after the company said it had reached an agreement with the state of Vermont to end the use, distribution and sale of its burritas and other foods, including some drinks.
The deal was finalized on Friday.
The statement from Chipotle said that the decision was made as part of an ongoing evaluation to determine the long-term impact of the proposed changes on the company and its customers.
It said that while the company is committed to the health of our employees, our shareholders, and our community, the company also has a responsibility to ensure the integrity of the food supply chain.
On Wednesday, the U.”s Food and Drug Administration said it was reviewing Chipotle�s decision.
A spokesperson for the FDA did not immediately respond to a request for comment on Chipotle plans to stop selling burrita�s.
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