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00:02Chipotle Mexican Grill will open its first restaurant in Mexico early next year,
00:06marking a major expansion, according to the Associated Press.
00:09The chain is partnering with Alcia to launch the location in Mexico City,
00:13with plans to explore further growth across Latin America.
00:16Taco Bell has repeatedly failed to gain a foot over Mexico,
00:19with past locations in Mexico City and Monterey closing shortly after opening.
00:23Chipotle sources half its avocados from Mexico,
00:26though those imports are not currently subject to tariffs.
00:28Founded in 1993, the company operates 3,700 restaurants
00:32and is expanding internationally with new locations in Kuwait and the United Arab Emirates.
00:37For all things money, visit Benzinga.com slash GSTV.
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