Chipotle have signed a franchise agreement with Alshaya Group – the first partnership with a local franchise operator for the brand.
The agreement sees Alshaya acquire the development rights to grow the brand in Dubai and Kuwait, in addition to other Middle East regions. The first stores are expected to open in 2024.
As an existing operator of brands including Starbucks and Shake Shack, Alshaya will act as an experienced first partner for Chipotle.
Alshaya released a statement where they highlighted Chipotle’s existing international portfolio: Canada (33 stores), UK (15), France (6) and Germany (2). This is in addition to the 3,200 units in the USA.
Chipotle Mexican Grill share price has climbed 30% over the past 6 months, and rose 2% on on the 18th July, when the news of the new franchise partner was announced.
Read More:
Dessert parlour brand Creams is set to launch internationally for the first time after agreeing…
Bunsik is continuing its UK expansion with the launch of two new locations this May,…
Rosa’s Thai has posted strong trading results for the year ending 30 March 2025, driven…
Wendy’s reported weaker performance in the US during the first quarter of 2026, as declining…
Bakery chain Gail’s is continuing its expansion across London transport hubs with a new location…
Tossed is preparing to launch its first ever airport site at London Gatwick’s North Terminal…