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Chipotle to move headquarters to California

Burrito chain Chipotle Mexican Grill Inc. is moving its headquarters from Denver to Newport Beach, Calif.

Chipotle will also close its offices in Denver and New York.

In the next six months, Chipotle will transition its Denver and New York office functions to its Newport Beach and Columbus, Ohio, offices.

The move will affect about 400 employees, with some being offered relocation or retention packages.