Chipotle Mexican Grill heads to Mexico to open its 1st location south of the border

Associated Press Finance
04-21

Chipotle Mexican Grill is coming to Mexico.

The California-based chain said Monday it’s planning to open a restaurant in Mexico early next year, its first location south of the border in its 30-year history.

Chipotle is partnering with Alsea in Mexico City, a company that operates Domino’s, Starbucks, Burger King, Chili’s and other brands in South America and Europe. Alsea plans to explore additional expansion in Mexico and other locations in the region.

Nate Lawton, Chipotle’s chief business development officer, said the company is confident that its menu will resonate with Mexican diners.

“The country’s familiarity with our ingredients and affinity for fresh food make it an attractive growth market for our company," Lawton said in a statement.

The expansion arrives as President Donald Trump’s tariffs on Mexican imports could increase costs for U.S. Chipotle locations.

Last week, the U.S. Commerce Department said it plans to withdraw from a 2019 agreement suspending an antidumping investigation into fresh tomato imports from Mexico. That termination, set to take effect July 14, means most tomatoes from Mexico will be subject to a 20.91% tariff.

Chipotle gets around half of its avocados from Mexico, but so far those are not subject to tariffs.

Chipotle, which was founded in Denver in 1993, has 3,700 restaurants and plans to open up to 345 new locations this year.

It has been focused on growing its international footprint. Last year, it partnered with Alshaya Group to open a restaurant in Kuwait, its first new market in a decade. It now has three restaurants in Kuwait and two in the United Arab Emirates.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10