Chipotle Mexican Grill (NYSE: CMG ) has an appetite for Asian growth. The company announced this week that it has inked lease deals for four more ShopHouse Southeast Asian Kitchen restaurants.
There's just one location open right now, in the heart of Washington, D.C., at Dupont Circle. That store has been open for two years. Now there are three more eateries set to open in the coming weeks, and four new leased locations should come online early next year.
That's no match for the nearly 1,500 namesake burrito joints Chipotle currently has in operation, but it's good to diversify. Having a second distinct vehicle may also provide leverage in negotiating leases at strip malls that may support both concepts.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
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