The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Business

Chipotle to expand to Mexico amid Trump trade war with U.S. neighbor

by admin April 22, 2025
April 22, 2025
Chipotle to expand to Mexico amid Trump trade war with U.S. neighbor

Chipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion.

The company announced Monday that it has signed a development agreement with Alsea, which operates Latin American and European locations of Starbucks, Domino’s Pizza and Burger King, among other chains.

After the initial restaurant opens in 2026, Chipotle plans to explore “additional expansion markets in the region,” which could mean broader Latin American development.

The deal to expand in Mexico comes as President Donald Trump wages a trade war with the country, straining the relationship between the two neighbors. Avocados from Mexico were originally subject to a 25% tariff until he paused new duties on goods compliant with the United States-Mexico-Canada Agreement. While Chipotle has diversified its avocado sourcing in recent years, it still imports about half of its avocados from Mexico.

In recent years, Chipotle has been trying to expand internationally, after decades focusing almost entirely on its U.S. business. The company operates 58 locations in Canada, 20 in the United Kingdom, six in France and two in Germany. Chipotle also currently has three restaurants in Kuwait and two in the United Arab Emirates through a deal with Alshaya Group.

Chipotle is betting that Mexico’s familiarity with its ingredients and appreciation for fresh food will win over consumers, according to a statement from Nate Lawton, Chipotle’s chief business development officer.

But U.S. interpretations of Mexican food don’t always resonate in the market; Yum Brands’ Taco Bell has twice attempted to expand into Mexico, but both efforts failed quickly.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
‘Professional failures’ led to killing of Palestinian medics in Gaza, says Israeli military
next post
McDermitt Project Fast-Tracked Under U.S. FAST-41 Initiative

Related Posts

Disney wins the 2024 box office as year-end...

January 16, 2025

Inflation and $2,000 camps are creating a summer...

July 25, 2024

Patriots owner says ‘Jew hatred’ on U.S. college...

April 28, 2024

Trader Joe’s-branded cashews sold in 16 states recalled...

March 20, 2024

Tesla recalls 1.8 million vehicles over unlatched hood...

July 31, 2024

Netflix secures U.S. rights to the FIFA Women’s...

December 23, 2024

JetBlue to partner with another U.S. airline in...

April 30, 2025

Boeing factory strike crosses 1-month mark as pressure...

October 16, 2024

Amazon to invest another $4 billion in Anthropic,...

November 24, 2024

Why competition in the housing market is cooling...

June 17, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,487)
    • Investing (3,803)
    • Politics (5,096)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved