Chipotle to expand to Asia through joint venture

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Chipotle Mexican Grill

on Wednesday announced plans to expand to Asia for the first time through a joint venture with SPC Group, a Korean-based restaurant operator.

The burrito chain aims to open its first Chipotle locations in South Korea and Singapore in 2026.

Out of Chipotle’s more than 3,800 restaurants worldwide, 98% are in the United States, according to company filings. However, Chipotle has been trying to grow internationally in recent years. Most of its international restaurants are in Canada and Europe, although it’s been trying to expand to new markets, too.