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Chipotle shares hit as E. coli scare widens | Chipotle shares hit as E. coli scare widens |
(35 minutes later) | |
Shares in Chipotle have slumped more than 12% after US health authorities reported more cases of E. coli linked to the Mexican restaurant chain. | |
The Center for Disease Control (CDC) said 45 people had been infected with a strain of E. coli, 43 of whom reported eating at a Chipotle restaurant. | The Center for Disease Control (CDC) said 45 people had been infected with a strain of E. coli, 43 of whom reported eating at a Chipotle restaurant. |
The cases were in California, Minnesota, New York and Ohio. | The cases were in California, Minnesota, New York and Ohio. |
Earlier this month, the chain temporarily closed 43 outlets in and around Washington and Oregon states. | Earlier this month, the chain temporarily closed 43 outlets in and around Washington and Oregon states. |
This was after health officials investigated an E. coli outbreak that made at least 22 people ill. | This was after health officials investigated an E. coli outbreak that made at least 22 people ill. |
"The epidemiologic evidence available at this time suggests that a common meal item or ingredient served at Chipotle Mexican Grill restaurants in several states is a likely source of this outbreak," the CDC said. | "The epidemiologic evidence available at this time suggests that a common meal item or ingredient served at Chipotle Mexican Grill restaurants in several states is a likely source of this outbreak," the CDC said. |
"The investigation is still ongoing to determine what specific food is linked to illness." | "The investigation is still ongoing to determine what specific food is linked to illness." |
Chipotle shares are now down by almost 19% this year, valuing the company at $17.3bn (£11.4bn). | Chipotle shares are now down by almost 19% this year, valuing the company at $17.3bn (£11.4bn). |
E. coli is short for Escherichia coli. It is a type of bacterium present in the gut of humans and other animals. | E. coli is short for Escherichia coli. It is a type of bacterium present in the gut of humans and other animals. |
Most strains are harmless but some can produce toxins that cause sickness in humans. | Most strains are harmless but some can produce toxins that cause sickness in humans. |