Overview

• Chipotle has signed a development agreement with Alsea to open its first restaurant in Mexico by early 2026.
• The expansion follows Chipotle's recent international growth into the Middle East and Europe, with plans for further Latin American markets.
• Nate Lawton, Chipotle's chief business development officer, expressed confidence that the chain’s fresh, California-style Mexican menu will resonate with local consumers.
• This move comes as U.S.-Mexico trade tensions and tariffs on Mexican imports impact Chipotle's supply chain, with half of its avocados still sourced from Mexico.
• Alsea, which operates major brands like Starbucks and Domino's in Latin America, will leverage its expertise to support Chipotle’s entry into the competitive Mexican market.