Overview
- Chipotle and South Korea-based SPC Group formed S&C Restaurants Holdings, granting SPC affiliate Big Bite Company exclusive operating rights in South Korea and Singapore.
- The partners plan to open the first restaurants in 2026, with the number of locations and specific sites not disclosed.
- This marks Chipotle’s first entry into Asia and its first international expansion structured as a joint venture.
- The Asia plan complements earlier agreements with Alshaya in the Middle East and Alsea to launch in Mexico in early 2026.
- Chipotle operates more than 3,800 restaurants worldwide, with roughly 98% in the United States, and it has trimmed its sales-growth outlook this year.