ALSEA SIGNS DEVELOPMENT AGREEMENT WITH CHIPOTLE MEXICAN GRILL TO OPEN RESTAURANTS IN MEXICO

Mexico City, April 21, 2025 — Alsea, S.A.B. de C.V. (BMV: ALSEA*) “Alsea”, the leading Quick Service Restaurant (QSR), Coffee Shop, and Full-Service Restaurant operator in Latin America and Europe, informs that, it has signed a development agreement with Chipotle Mexican Grill (NYSE: CMG) to open restaurants in Mexico. The first location is expected to open by early 2026, with plans to explore additional expansion markets in the region.

Founded in 1993 in Denver, Colorado, Chipotle Mexican Grill is globally recognized for its commitment to serving real food made with high-quality, sustainably sourced ingredients, free from artificial colors, flavors, and preservatives. With over 3,700 locations worldwide, Chipotle has built a loyal customer base by offering a menu centered on responsibly raised meats, organic beans, and locally sourced produce, all prepared fresh daily.

“We are proud to work with an iconic brand like Chipotle and help grow its international business for years to come,” said Armando Torrado, Alsea Chief Executive Officer. “Through this development agreement, we will continue to leverage our vast knowledge of the Mexican consumer and restaurant industry expertise to bring our customers the best food experiences and brands from around the world.”

“We are confident that our responsibly sourced, classically-cooked real food will resonate with guests in Mexico,” said Nate Lawton, Chief Business Development Officer at Chipotle. “The country’s familiarity with our ingredients and affinity for fresh food make it an attractive growth market for our company.”

This agreement aligns with Alsea’s long-term strategy of maintaining a portfolio of the best global brands and represents a significant growth opportunity.

Miranda Newswire – Full Press Release: Download PDF

Investor Relations Contact:

Gerardo Lozoya | Investor Relations | ri@alsea.com.mx | 55 7583 2000

Julia Torres Ávila | Investor Relations | ri@alsea.com.mx | 55 7583 2000

Press Contact:

Nadia Vizcaíno | PR and Corporate Communication | nadia.vizcaino@alsea.com.mx |614 175 7400

Mario Páez | PR and Corporate Communication | mario.paez@alsea.com.mx | 55 2737 1981

Limitation of Liability

This press release contains certain forecasts or projections, which reflect the current view or expectations of Alsea and its management with respect to its performance, business, and future events. Alsea uses words such as “believe”, “anticipate”, “plan”, “expect”, “intend”, “target”, “estimate”, “project”, “predict”, “forecast”, “guidelines”, “should”, and other similar expressions to identify forecasts or projections, but this is not the only way in which it refers to them. Such statements are subject to certain risks, contingencies, and assumptions. Alsea cautions that many factors could cause the actual results to differ materially from the plans, objectives, expectations, estimates, and intentions expressed in this press release. Alsea is under no obligation and expressly abdicates any intention or obligation to update or modify any forecast or projection that may result from new information, future events, or any other reason.

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 3,700 restaurants as of December 31, 2024, in the United States, Canada, the United Kingdom, France, Germany, Kuwait, and United Arab Emirates and it is only restaurant company of its size that owns and operates all its restaurants in North America and Europe. With over 130,000 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 demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order, visit chipotle.com

About Alsea

Alsea is the leading restaurant operator in Latin America and Europe of global brands in the quick service, coffee shop and full-service restaurants segments. It has a diversified portfolio, with brands such as Domino’s Pizza, Starbucks, Burger King, Chili’s, P.F. Chang’s, Italianni’s, The Cheesecake Factory, Vips, Archies, Foster’s Hollywood, Gino’s, and TGI Fridays. The company operates more than 4,700 units in Mexico, Spain, Argentina, Chile, Colombia, France, Portugal, Netherlands, Belgium, Luxembourg, Uruguay and Paraguay. Alsea’s business model includes support for its brands through a Shared Services Center that provides all the Administrative and Development Processes, as well as the Supply Chain. For more information please visit: www.alsea.com.mx.

Their shares are traded on the Mexican Stock Exchange under the ticker symbol ALSEA*

Share our news:

Latest News

Promotora de Hoteles Norte 19 Announces its Hotel Indicators for April 2025

Promotora de Hoteles Norte 19, S.A.B. de C.V. (“Norte 19” or “the Company”) (BMV: HCITY), announces its Hotel Indicators for April 2025…

Valia Energía Announces its First Quarter 2025 Financial Results Conference Call

Mexico City, May 14, 2025 – Buffalo Energy Mexico Holdings, S.A. de C.V. (“BEMH”, “Valia”, or the “Company”), a leading private energy…

Hi Ventures Invests $2 Million in Melian, the AI-Powered Shopping Discovery Platform Built by Teen Founders

San Francisco / Buenos Aires — May 14, 2025 — Hi Ventures today announced a $2 million seed investment in Melian, an AI-powered shopping discovery platform founded by a team of young entrepreneurs from Argentina. The investment will support Melian’s ongoing technology development and its expansion into the U.S. market.