Chipotle looks to international shores for new restaurants

 
Jan. 14, 2010
Chipotle Mexican Grill's founder and co-CEO Steve Ells told a group of investors the company is scouting locations in France and Germany. Ells made the comment during a presentation at a Cowen and Company conference Jan. 12.
 
Chipotle has more than 900 locations and is planning to open its first London location in April. It also has a location open in Tornoto.
 
In a recent Reuters article, Ells is quoted as saying Rex Jones, the company's chief development officer, is solely focused on international development.
 
From the article:
Jones has started to look for sites in Germany and France, as well as possible locations for more restaurants in London, Ells said.

Chipotle is also preparing for continued growth in the United States, where it has made changes including a refreshed decor and improvements in the ways it warms tortillas and prepares its chips. The company also introduced new soft corn taco shells in a number of markets, which it will introduce to more locations, Ells said.


Topics: Fresh Mex , Independent Restaurant , International


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