Chipotle currently has just over 50 locations in Canada and Europe. All are company owned and operated, as are its roughly 3,200 U.S. locations.
, was the right fit for the deal given its proven market experience and commitment to Chipotle's "Food with Integrity" proposition, Niccol said.
"They've got great brands, great operations, great people programs, which just gave us confidence that they'd be able to execute the Chipotle proposition effectively in the Middle East," Niccol said. Niccol said if the first few Middle East locations are successful, there will hopefully be hundreds more in the region down the line. He added the agreement could serve as a new model as the company looks to other markets.
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