Sweetgreen (SG) said Thursday that it has renamed its newest menu item as part of a tentative agreement with Chipotle Mexican Grill (CMG) to resolve a lawsuit brought by the burrito chain, CNBC’s Amelia Lucas reports. Chipotle filed the lawsuit, which claims that the salad chain’s "Chipotle Chicken Burrito Bowl" infringed on its trademark, in California federal court Tuesday, just days after the salad chain introduced the item, the author notes. A Sweetgreen representative said in a statement to CNBC Thursday that the company decided to rename the bowl to the "Chicken + Chipotle Pepper Bowl" to focus on the business and keep serving customers without distraction. Reference Link
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SG:
- Sweetgreen Changes Bowl Name, Fends Off Chipotle Lawsuit
- Sweetgreen Targeted in Chipotle Lawsuit, Both Stocks Fall
- Chipotle sues Sweetgreen over burrito bowl, CNBC reports
- TD Cowen restaurant analyst to hold an analyst/industry conference call
- Sweetgreen’s (NYSE:SG) 2023 Outlook Disappoints; Stock Slides
