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Chipotle will, for the first time, open locations in Mexico in 2026

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Chipotle will, for the first time, open locations in Mexico in 2026


Chipotle plans to launch restaurants in Mexico starting in 2026 through a newly signed development agreement.

Under a new development agreement that it has with restaurant operator Alsea, S.A.B. de C.V., Chipotle said Monday it looks to debut its first-ever restaurant in Mexico by “early” next year.

Alsea runs several thousand restaurants from global quick service, coffee shop and full-service brands in many countries in Latin America and Europe, according to Chipotle.

Chipotle logo on restaurant

A Chipotle restaurant in New York on July 11, 2023. (Jeenah Moon/Bloomberg via / Getty Images)

“We are proud to work with an iconic brand like Chipotle and help grow its international business for years to come,” Alsea CEO Armando Torrado said in a statement.

CHIPOTLE CEO DETAILS HOW CHAIN WILL HANDLE TRUMP TARIFF COSTS

Nate Lawton, Chipotle’s chief business development officer, said in a statement that the chain is “confident that our responsibly sourced, classically-cooked real food will resonate with guests in Mexico.” 

“The country’s familiarity with our ingredients and affinity for fresh food make it an attractive growth market for our company,” he continued. 

Chipotle employees in the restaurant

A person works in a Chipotle outlet in Manhattan, Feb. 7, 2022. (Andrew Kelly / Reuters)

Chipotle said Monday it will also start “exploring additional expansion markets in the region” with Alsea.

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The fast-food chain, known for its burritos and bowls, currently has a presence in six international markets – Canada, the U.K., France, Germany, Kuwait and the United Arab Emirates. 

The new partnership with Alsea comes nearly two years after Chipotle signed an international development agreement focused on expansion in the Middle East. That deal was with the Alshaya Group, who, together with Chipotle, has since launched three locations in Kuwait and two in the UAE. 

Chipotle burrito, soft drink and chips

Food is served at a Chipotle restaurant on Oct. 25, 2017, in Chicago. (Photo Illustration by Scott Olson / Getty Images)

Chipotle’s overall footprint includes more than 3,700 restaurants. The vast majority of those – 3,600 – are located throughout the U.S., according to its annual report. 

CHIPOTLE LOOKS TO HIRE 20,000 WORKERS – AND IT WILL USE AI TO HELP

The company has a long-term goal of reaching 7,000 restaurants in North America. 

For 2025, the chain “will accelerate growth in Canada and the Middle East in 2025,” CEO Scott Boatwright said during the company’s fourth-quarter earnings call in early February.  

Ticker Security Last Change Change %
CMG CHIPOTLE MEXICAN GRILL INC. 46.52 -1.66 -3.45%

“We will also continue to make progress on proving out the economic model in Europe and begin to build a pipeline for growth,” he added.



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US jobless claims increase more than expected in May

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US jobless claims increase more than expected in May


The number of Americans filing new applications for unemployment benefits increased more than expected last week, while the jobless rate appeared to have picked up in May as labor market conditions continue to ease.

Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 240,000 for the week ended May 24, the Labor Department said on Thursday. Economists polled by Reuters had forecast 230,000 claims for the latest week.

Worker hoarding by employers following difficulties finding labor during and after the COVID-19 pandemic is underpinning the jobs market. Nonetheless there has been an uptick in layoffs because of economic uncertainty as President Donald Trump pursues an aggressive trade policy, which economists say is making it challenging for businesses to plan ahead.

FED SAW INFLATION, JOBLESS, STABILITY RISKS AT MAY MEETING, MINUTES SHOW

Trump signs executive order

President Donald Trump speaks to the media after signing executive orders in the Oval Office at the White House on April 23, 2025 in Washington, D.C. (Chip Somodevilla/Getty Images / Getty Images)

A U.S. trade court on Wednesday blocked most of Trump’s tariffs from going into effect in a sweeping ruling that the president overstepped his authority. Economists said the ruling, while it offered some relief, had added another layer of uncertainty over the economy.

A report from the Bank of America Institute noted a sharp rise in higher-income households receiving unemployment benefits between February and April compared to the same period last year. Its analysis of Bank of America deposit accounts also showed notable rises among lower-income as well as middle-income households in April from the same period a year ago.

Economists expect claims in June to break above their 205,000-243,000 range for this year, mostly driven by difficulties adjusting the data for seasonal fluctuations, following a similar pattern in recent years. That would not suggest a material shift in labor market conditions.

POWELL WARNS ECONOMY COULD FACE MORE FREQUENT ‘SUPPLY SHOCKS’

People wait in job fair line

U.S. economists react to the BLS revising annual job growth by 818,000 jobs, on “Varney & Co.” and “Cavuto: Coast to Coast.” (Photo by Joe Raedle/Getty Images / Getty Images)

Minutes of the Federal Reserve’s May 6-7 policy meeting published on Wednesday showed while policymakers continued to view labor market conditions as broadly in balance, they “assessed that there was a risk that the labor market would weaken in coming months.”

They noted that there was “considerable uncertainty” over the job market’s outlook, adding “outcomes would depend importantly on the evolution of trade policy as well as other government policies.”

The U.S. central bank has kept its benchmark overnight interest rate in the 4.25%-4.50% range since December as officials struggle to estimate the impact of Trump’s tariffs, which have raised the prospect of higher inflation and slower economic growth this year.

Jerome Powell

Federal Reserve Chair Jerome Powell responds to a question during an on-stage discussion at a meeting of The Economic Club of Washington, at the Renaissance Hotel in Washington, D.C.. (REUTERS/Amanda Andrade-Rhoades/File Photo / Reuters Photos)

The number of people receiving benefits after an initial week of aid, a proxy for hiring, increased 26,000 to a seasonally adjusted 1.919 million during the week ending May 17, the claims report showed. The elevated so-called continuing claims reflect companies’ hesitance to increase headcount because of the economic uncertainty.

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Continuing claims covered the period during which the government surveyed households for May’s unemployment rate. The jobless rate was at 4.2% in April.

Many people who have lost their jobs are experiencing long spells of unemployment. The median duration of unemployment jumped to 10.4 weeks in April from 9.8 weeks in March.



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Valereum enters tokenization deal with El Salvador's top football club

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Valereum enters tokenization deal with El Salvador's top football club



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Ryanair boss O’Leary hits €100mn bonus target

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Ryanair boss O’Leary hits €100mn bonus target


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Ryanair boss Michael O’Leary has qualified for share options worth more than €100mn after the airline’s shares hit a key performance target, paving the way for one of the biggest payouts in European corporate history. 

Shares in the low-cost carrier closed at €23.74 on Thursday, meaning they have closed above €21 for a 28th consecutive day, meeting one of two conditions attached to O’Leary’s bumper pay deal.

The 64-year-old will have to stay at Ryanair until the end of July 2028 to collect the share options — worth just over €111mn — as part of an incentive scheme agreed in 2019.

O’Leary, famous for his pugnacious style, defended his potential windfall earlier this month after Ryanair reported a fall in full-year profits. 

“I think we’re delivering exceptional value for Ryanair shareholders in an era when premiership footballers or the managers are getting paid €20mn to €25mn a year,” he said.

This is a developing story



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