Reported about 7 hours ago
Chipotle Mexican Grill is set to expand into Asia by opening restaurants in South Korea and Singapore in 2026 through a joint venture with SPC Group. This move comes as the company aims to grow its global presence amid declining consumer spending in the U.S. dining market. CEO Scott Boatwright highlighted the opportunity presented by changing dining preferences in the region. Chipotle has also recently announced plans to enter the Mexican market and expand into the Middle East, while facing challenges in sales growth and rising supply chain costs.
Source: YAHOO