Chipotle opens first Mexico location in partnership with Alsea

Chipotle Mexican Grill (NYSE: CMG) opened its first restaurant in Mexico on July 16 in San Pedro Garza García, Nuevo León, part of the Monterrey metropolitan area, in partnership with Alsea (BMV: ALSEA), a restaurant operator in Latin America and Europe.

The opening is the first location under a development agreement the two companies announced in April 2025. Chipotle and Alsea plan to open additional restaurants in Nuevo León later this year and expand into Mexico City in 2027.

"We are entering Mexico with deep respect for the country's culinary heritage and a commitment to delivering the Chipotle experience with excellence," said Scott Boatwright, Chief Executive Officer of Chipotle.

Chipotle currently operates more than 4,100 restaurants worldwide, including more than 80 in Canada, 20 in the U.K., six in France, and two in Germany. The company expects to open between 350 and 370 new restaurants in 2026.

Separately, Chipotle signed a development agreement with Alshaya Group in July 2023 to expand into the Middle East, where Alshaya currently operates 15 restaurants across the UAE, Kuwait, and Qatar. In September 2025, Chipotle announced a joint venture with SPC Group to enter South Korea and Singapore.

You May Also Be Interested In

• Alphabet Sees FY26 Capex $195B To $205B, Saw $180B To $190B
• NovaGold to reincorporate in Delaware via arrangement with Paulson
• Sigma Lithium faces $540,000 in fines, begins TAC talks in Brazil