NEWPORT
BEACH, Calif., Oct. 2, 2024
/PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) announces the
opening of its first restaurant in Dubai today in partnership with leading
international franchise retail operator Alshaya Group. Located at
'The Beach' at Jumeirah Beach Residence (JBR), this new location
marks Chipotle's first restaurant in the United Arab Emirates, with a second location
planned to open in the region at the Dubai Hills Mall in the coming
months.
The new Chipotle at JBR is set in a marquee location along the
beachside boulevard, spanning over 6,000 square feet, and is open
from 10:00am – 12:00am local time on weekdays; and until
1:00am local time on weekends.
In April, Chipotle's expansion into the Middle East began with a restaurant at The
Avenues, Kuwait's largest shopping mall, which marked the
first time the company had entered a new country in over 10 years.
Last month, Alshaya Group opened a second Chipotle restaurant in
Kuwait, located at The Walk Mall
in Ardiya.
"We are thrilled by the overwhelming response to Chipotle's
responsibly sourced, classically-cooked, real ingredients in
Kuwait and hope to see similar
enthusiasm at our JBR restaurant," said Chief Business Development
Officer Nate Lawton. "Alshaya has
been a tremendous partner and continues to ensure our culinary and
our purpose to cultivate a better world are clear points of
differentiation for consumers as we enter these new regions."
John Hadden, Chief Executive
Officer, Alshaya Group, said: "The early results at the Chipotle
restaurants in Kuwait have
exceeded our expectations, making it one of the top performing
brands in our portfolio, and we are more confident than ever that
the fast-casual concept has immense growth potential in the
Middle East. We're excited to open
our doors at JBR and start serving Chipotle's delicious culinary
and menu of real ingredients to more guests throughout the Gulf
region."
Chipotle's existing international portfolio of owned and
operated restaurants includes 47 locations in Canada; 20 in the United Kingdom; six locations in France; and two in Germany. In North
America, the Company currently owns and operates over 3,500
restaurants and is targeting 8 to 10% growth per year for the
foreseeable future with at least 80% including a Chipotlane.
Chipotle plans to open between 285 to 315 new restaurants this
year, with a long-term target of 7,000 locations in North America.
Information on submitting international business development
opportunities can be found at IR.CHIPOTLE.com/contact-us.
ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better
world by serving responsibly sourced, classically cooked, real food
with wholesome ingredients without artificial colors, flavors or
preservatives. There are over 3,500 restaurants as of June 30, 2024, in the
United States, Canada, the
United Kingdom, France, Germany, and Kuwait and it is the only restaurant company
of its size that owns and operates all its restaurants in
North America and Europe. Chipotle is ranked on the Fortune 500
and is recognized on Fortune's Most Admired Companies 2024 list and
Time Magazine's Most Influential Companies. With over 120,000
employees passionate about providing a great guest experience,
Chipotle is a longtime leader and innovator in the food industry.
Chipotle is committed to making its food more accessible to
everyone while continuing to be a brand with a demonstrated purpose
as it leads the way in digital, technology and sustainable business
practices. For more information or to place an order online, visit
CHIPOTLE.com.
ABOUT ALSHAYA GROUP
Alshaya Group is a dynamic
family-owned enterprise, first established in Kuwait in 1890. With a consistent record of
growth and innovation, Alshaya Group is one of the world's leading
brand franchise operators, offering an unparalleled choice of
well-loved international brands to customers.
Alshaya Group's portfolio extends across MENA, Türkiye and
Europe, with thousands of stores,
cafes, restaurants and leisure destinations, as well as a large
scale online and digital business.
Operating in multiple sectors including Fashion, Food, Health
& Beauty, Pharmacy, Home Furnishings and Leisure &
Entertainment, Alshaya Group colleagues are united by a commitment
to authentically deliver great customer service and brand
experiences.
Fresh, modern and relevant, Alshaya's constantly evolving
portfolio reflects the choices and lifestyle of its customers. From
flagship stores and restaurants in prestige malls, through to local
coffee shops, drive-thrus and online, Alshaya Group brings
customers the brands they love in the places they want to
be. Learn more about Alshaya Group at www.alshaya.com.
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SOURCE Chipotle Mexican Grill