{"id":839355,"date":"2025-04-21T08:35:01","date_gmt":"2025-04-21T12:35:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/"},"modified":"2025-04-21T08:35:01","modified_gmt":"2025-04-21T12:35:01","slug":"chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/","title":{"rendered":"CHIPOTLE SIGNS DEVELOPMENT AGREEMENT WITH ALSEA TO OPEN RESTAURANTS IN MEXICO FOR THE FIRST TIME"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>In partnership with\u00a0Alsea, Chipotle expects to open its first location in <span class=\"xn-location\">Mexico<\/span> by early 2026<\/li>\n<\/ul>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEWPORT BEACH, Calif.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">April 21, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Chipotle Mexican Grill (NYSE: CMG) today announced it has signed a development agreement to open restaurants in <span class=\"xn-location\">Mexico<\/span> for the first time. In partnership with Alsea, S.A.B. de C.V. (Alsea), a leading restaurant operator in <span class=\"xn-location\">Latin America<\/span> and <span class=\"xn-location\">Europe<\/span>, Chipotle will open a location in <span class=\"xn-location\">Mexico<\/span> by early 2026 and begin exploring additional expansion markets in the region.<\/p>\n<p>&#8220;We are confident that our responsibly sourced, classically-cooked real food will resonate with guests in <span class=\"xn-location\">Mexico<\/span>,&#8221; said <span class=\"xn-person\">Nate Lawton<\/span>, Chief Business Development Officer at Chipotle. &#8220;The country&#8217;s familiarity with our ingredients and affinity for fresh food make it an attractive growth market for our company.&#8221;<\/p>\n<p>&#8220;We are proud to work with an iconic brand like Chipotle and help grow its international business for years to come,&#8221; said <span class=\"xn-person\">Armando Torrado<\/span>, Alsea Chief Executive Officer. &#8220;Through this development agreement, we will continue to leverage our vast knowledge of the Mexican consumer and restaurant industry expertise to bring our customers the best food experiences and brands from around the world.&#8221;<\/p>\n<p>\n        <b>Chipotle&#8217;s International Expansion<br \/><\/b>Chipotle<span> signed its first international development agreement in <\/span><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4408830-1&amp;h=624419773&amp;u=https%3A%2F%2Fnewsroom.chipotle.com%2F2023-07-18-CHIPOTLE-ACCELERATES-INTERNATIONAL-EXPANSION-THROUGH-FIRST-EVER-DEVELOPMENT-AGREEMENT-WITH-ALSHAYA-GROUP-IN-MIDDLE-EAST&amp;a=July+2023\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-chron\">July 2023<\/span><\/a><span>\u00a0with <\/span>Alshaya<span> Group to open restaurants in the <span class=\"xn-location\">Middle East<\/span>. <\/span>Chipotle<span> and <\/span>Alshaya<span> Group currently operate three restaurants in <span class=\"xn-location\">Kuwait<\/span> and two in the <span class=\"xn-location\">United Arab Emirates<\/span>. <\/span>Chipotle&#8217;s<span> existing international portfolio of owned and operated restaurants includes 58 locations in <span class=\"xn-location\">Canada<\/span>; 20 in the <span class=\"xn-location\">United Kingdom<\/span>; six locations in <span class=\"xn-location\">France<\/span>; and two in <span class=\"xn-location\">Germany<\/span>. The company currently operates over 3,700 restaurants and plans to open between 315 and 345 new restaurants this year, with a long-term target of operating 7,000 locations in the U.S. and <span class=\"xn-location\">Canada<\/span>.<\/span><\/p>\n<p>Chipotle&#8217;s business development group, led by Chief Business Development Officer <span class=\"xn-person\">Nate Lawton<\/span>, is exploring additional opportunities for growth via outside partnerships. Information on submitting a proposal can be found at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4408830-1&amp;h=2200371678&amp;u=https%3A%2F%2Fir.chipotle.com%2Fcontact-us&amp;a=https%3A%2F%2Fir.chipotle.com%2Fcontact-us\" target=\"_blank\" rel=\"nofollow\">https:\/\/ir.chipotle.com\/contact-us<\/a>.<\/p>\n<p>\n        <b>ABOUT CHIPOTLE<\/b><br \/>\n        <br \/>Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 3,700 restaurants as of\u00a0December 31, 2024, in\u00a0the United States,\u00a0Canada, the\u00a0United Kingdom,\u00a0France,\u00a0Germany,\u00a0Kuwait, and\u00a0United Arab Emirates\u00a0and it is the only restaurant company of its size that owns and operates all its restaurants in\u00a0North America\u00a0and\u00a0Europe. With over 130,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4408830-1&amp;h=1655589875&amp;u=https%3A%2F%2Fwww.chipotle.com%2F&amp;a=chipotle.com\" target=\"_blank\" rel=\"nofollow\">chipotle.com<\/a>.<\/p>\n<p>\n        <b>ABOUT ALSEA GROUP<br \/><\/b>Alsea is a leading restaurant operator in <span class=\"xn-location\">Latin America<\/span> and <span class=\"xn-location\">Europe<\/span> of global brands in the quick service, coffee shop, and full-service restaurant segments. The company operates more than 4,700 units in <span class=\"xn-location\">Mexico<\/span>, <span class=\"xn-location\">Spain<\/span>, <span class=\"xn-location\">Argentina<\/span>, <span class=\"xn-location\">Chile<\/span>, <span class=\"xn-location\">Colombia<\/span>, <span class=\"xn-location\">France<\/span>, <span class=\"xn-location\">Portugal<\/span>, <span class=\"xn-location\">Netherlands<\/span>, <span class=\"xn-location\">Belgium<\/span>, <span class=\"xn-location\">Luxembourg<\/span>, <span class=\"xn-location\">Uruguay<\/span> and <span class=\"xn-location\">Paraguay<\/span>. Alsea&#8217;s business model includes support for its brands through a Shared Services Center that provides all the administrative and development processes, as well as the supply chain. For more information please visit: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4408830-1&amp;h=2432056587&amp;u=http%3A%2F%2Fwww.alsea.com.mx%2F&amp;a=www.alsea.com.mx\" target=\"_blank\" rel=\"nofollow\">www.alsea.com.mx<\/a>.\u00a0<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\u00a0<br \/>Certain statements in this press release are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements about the timing of openings the first Chipotle restaurant in <span class=\"xn-location\">Mexico<\/span>, Chipotle&#8217;s prospects for business in <span class=\"xn-location\">Mexico<\/span>, Chipotle&#8217;s plans to open between 315 and 345 new restaurants in the U.S. and <span class=\"xn-location\">Canada<\/span> in 2025 and its long-term target of operating 7,000 locations in the U.S. and <span class=\"xn-location\">Canada<\/span>. We use words such as &#8220;anticipate&#8221;, &#8220;expect,&#8221; &#8220;believe&#8221;, &#8220;could&#8221;, &#8220;should&#8221;, &#8220;may,&#8221; &#8220;are confident&#8221; and similar terms and phrases to identify forward-looking statements. The forward-looking statements in this press release are based on currently available operating, financial and competitive information, available to us as of the date of this release and we assume no obligation to update these forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements, including the risks described from time to time in our SEC reports, including our annual report on Form 10-K and quarterly reports on Form 10-Q, all of which are available on the investor relations page of our website at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4408830-1&amp;h=4147656952&amp;u=https%3A%2F%2Fir.chipotle.com%2F&amp;a=ir.chipotle.com\" target=\"_blank\" rel=\"nofollow\">ir.chipotle.com<\/a>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder5538\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2668566\/Alsea_Partnership_Announcement_CHIPOTLE.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2668566\/Alsea_Partnership_Announcement_CHIPOTLE.jpg\" title=\"Chipotle expects to open its first location in Mexico by early 2026.\" alt=\"Chipotle expects to open its first location in Mexico by early 2026.\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/624816\/Chipotle_Mexican_Grill_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/624816\/Chipotle_Mexican_Grill_Logo.jpg\" title=\"Chipotle Mexican Grill Logo (PRNewsfoto\/Chipotle Mexican Grill)\" alt=\"Chipotle Mexican Grill Logo (PRNewsfoto\/Chipotle Mexican Grill)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA68341&amp;sd=2025-04-21\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time-302432851.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time-302432851.html<\/a><\/p>\n<p>SOURCE  Chipotle Mexican Grill<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA68341&amp;Transmission_Id=202504210805PR_NEWS_USPR_____LA68341&amp;DateId=20250421\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire In partnership with\u00a0Alsea, Chipotle expects to open its first location in Mexico by early 2026 NEWPORT BEACH, Calif. , April 21, 2025 \/PRNewswire\/ &#8212; Chipotle Mexican Grill (NYSE: CMG) today announced it has signed a development agreement to open restaurants in Mexico for the first time. In partnership with Alsea, S.A.B. de C.V. (Alsea), a leading restaurant operator in Latin America and Europe, Chipotle will open a location in Mexico by early 2026 and begin exploring additional expansion markets in the region. &#8220;We are confident that our responsibly sourced, classically-cooked real food will resonate with guests in Mexico,&#8221; said Nate Lawton, Chief Business Development Officer at Chipotle. &#8220;The country&#8217;s familiarity with our ingredients and affinity for fresh food &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CHIPOTLE SIGNS DEVELOPMENT AGREEMENT WITH ALSEA TO OPEN RESTAURANTS IN MEXICO FOR THE FIRST TIME&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-839355","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CHIPOTLE SIGNS DEVELOPMENT AGREEMENT WITH ALSEA TO OPEN RESTAURANTS IN MEXICO FOR THE FIRST TIME - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CHIPOTLE SIGNS DEVELOPMENT AGREEMENT WITH ALSEA TO OPEN RESTAURANTS IN MEXICO FOR THE FIRST TIME - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire In partnership with\u00a0Alsea, Chipotle expects to open its first location in Mexico by early 2026 NEWPORT BEACH, Calif. , April 21, 2025 \/PRNewswire\/ &#8212; Chipotle Mexican Grill (NYSE: CMG) today announced it has signed a development agreement to open restaurants in Mexico for the first time. In partnership with Alsea, S.A.B. de C.V. (Alsea), a leading restaurant operator in Latin America and Europe, Chipotle will open a location in Mexico by early 2026 and begin exploring additional expansion markets in the region. &#8220;We are confident that our responsibly sourced, classically-cooked real food will resonate with guests in Mexico,&#8221; said Nate Lawton, Chief Business Development Officer at Chipotle. &#8220;The country&#8217;s familiarity with our ingredients and affinity for fresh food &hellip; Continue reading &quot;CHIPOTLE SIGNS DEVELOPMENT AGREEMENT WITH ALSEA TO OPEN RESTAURANTS IN MEXICO FOR THE FIRST TIME&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-21T12:35:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2668566\/Alsea_Partnership_Announcement_CHIPOTLE.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CHIPOTLE SIGNS DEVELOPMENT AGREEMENT WITH ALSEA TO OPEN RESTAURANTS IN MEXICO FOR THE FIRST TIME\",\"datePublished\":\"2025-04-21T12:35:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\\\/\"},\"wordCount\":763,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2668566\\\/Alsea_Partnership_Announcement_CHIPOTLE.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\\\/\",\"name\":\"CHIPOTLE SIGNS DEVELOPMENT AGREEMENT WITH ALSEA TO OPEN RESTAURANTS IN MEXICO FOR THE FIRST TIME - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/","og_locale":"en_US","og_type":"article","og_title":"CHIPOTLE SIGNS DEVELOPMENT AGREEMENT WITH ALSEA TO OPEN RESTAURANTS IN MEXICO FOR THE FIRST TIME - Market Newsdesk","og_description":"PR Newswire In partnership with\u00a0Alsea, Chipotle expects to open its first location in Mexico by early 2026 NEWPORT BEACH, Calif. , April 21, 2025 \/PRNewswire\/ &#8212; Chipotle Mexican Grill (NYSE: CMG) today announced it has signed a development agreement to open restaurants in Mexico for the first time. In partnership with Alsea, S.A.B. de C.V. (Alsea), a leading restaurant operator in Latin America and Europe, Chipotle will open a location in Mexico by early 2026 and begin exploring additional expansion markets in the region. &#8220;We are confident that our responsibly sourced, classically-cooked real food will resonate with guests in Mexico,&#8221; said Nate Lawton, Chief Business Development Officer at Chipotle. &#8220;The country&#8217;s familiarity with our ingredients and affinity for fresh food &hellip; Continue reading \"CHIPOTLE SIGNS DEVELOPMENT AGREEMENT WITH ALSEA TO OPEN RESTAURANTS IN MEXICO FOR THE FIRST TIME\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-21T12:35:01+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2668566\/Alsea_Partnership_Announcement_CHIPOTLE.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CHIPOTLE SIGNS DEVELOPMENT AGREEMENT WITH ALSEA TO OPEN RESTAURANTS IN MEXICO FOR THE FIRST TIME","datePublished":"2025-04-21T12:35:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/"},"wordCount":763,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2668566\/Alsea_Partnership_Announcement_CHIPOTLE.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/chipotle-signs-development-agreement-with-alsea-to-open-restaurants-in-mexico-for-the-first-time\/","name":"CHIPOTLE SIGNS DEVELOPMENT AGREEMENT WITH ALSEA TO OPEN RESTAURANTS IN MEXICO FOR THE FIRST TIME - 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