Chipotle Mexican Grill (CMG) Announces its First Expansion into Asia

​Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the Best Long Term Stocks to Buy Under $50. On September 10, Chipotle Mexican Grill, Inc. (NYSE:CMG) announced its first expansion into Asia through a joint venture with South Korea-based SPC Group.

​The company plans to open restaurants in South Korea and Singapore in 2026. This marks the company’s entry into these Asian markets, which is seen as ideal due to strong brand awareness and local demand for fresh, convenient food.

​Chipotle Mexican Grill, Inc. (NYSE:CMG)’s CEO, Scott Boatwright, highlighted the growth potential in Asia’s evolving dining scene, noting that the dining out business is being fueled by the preferences for variety and convenience in the Asian market.

​Chipotle Mexican Grill, Inc. (NYSE:CMG) has been expanding internationally with previous agreements in the Middle East and Mexico and currently operates restaurants in North America and Europe.

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Disclosure: None. This article is originally published at Insider Monkey.