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Tag: mexico

  • Chipotle Set to Spice Up Asia with New Outlets in South Korea and Singapore!

    Chipotle Set to Spice Up Asia with New Outlets in South Korea and Singapore!

    Chipotle Mexican Grill is set to make its Asian debut in 2026, launching new locations in South Korea and Singapore as the fast-casual chain seeks to broaden its international reach amid changing consumer habits in the United States.

    The California-based chain announced it will partner with South Korea’s SPC Group to develop these new restaurants. This strategic move marks the brand’s first venture into the bustling Asian market, driven by a desire to tap into shifting dining preferences that lean towards convenience and diversity.

    “The rapidly changing dining landscape presents an incredible growth opportunity for Chipotle in Asia,” said CEO Scott Boatwright. His enthusiasm is echoed by the shifting preferences of diners who now crave more variety and convenience in their meals.

    In a series of bold moves, Chipotle also aims to open restaurants in Mexico for the first time, having recently made a splash in the Middle East through a deal with Alshaya Group targeting locations in Dubai and Kuwait.

    However, it hasn’t all been smooth sailing. The company adjusted its annual sales growth target following disappointing quarterly results driven by a decline in restaurant visits amid economic uncertainty. The impact of U.S. trade tariffs has also escalated supply-chain costs, demanding a nimble approach as the company navigates these challenges.

    Chipotle’s current international footprint includes owned and operated restaurants in Canada, the U.K., France, and Germany. With over 3,800 locations in total, the company plans to open between 315 and 345 new outlets this year alone, expressing ambitions of reaching 7,000 locations across the U.S. and Canada in the long run.

    Questions & Answers

    What markets is Chipotle entering next year?
    Chipotle plans to open its first Asian restaurants in South Korea and Singapore, marking its expansion into the Asian market.

    Who is Chipotle partnering with in South Korea?
    The company is collaborating with SPC Group, a South Korean food company, to launch these new locations.

    What challenges has Chipotle faced recently?
    Chipotle has struggled with fewer customer visits in an uncertain economy and rising supply-chain costs due to U.S. trade tariffs, which led to a lowered sales growth target.

  • Hecho En Mexico Debuts Ready-to-heat Packs At Coles Supermarkets Nationwide

    Hecho En Mexico Debuts Ready-to-heat Packs At Coles Supermarkets Nationwide

    The Melbourne-based Mexican fast-food chain, Hecho En Mexico, has made moves to broaden its horizons into the retail market by introducing two of its most popular dishes in ready-to-heat packs.

    The launch, resulting from a collaboration with cooked-protein provider Country Cooked, includes two of the chain’s fan favorites: Hecho En Mexico Chicken Fajitas and Hecho En Mexico Pulled Pork Tacos. The chicken fajitas consist of a 12-hour marinated chicken fajita mix, while the pulled pork tacos feature seasoned Mexican pulled pork.

    The convenient packs are inclusive of six flour tortillas and tomatillo salsa. Customers need only add shredded cheese and lime to have a well-rounded meal ready in under 20 minutes.

    Since making its first appearance in Fitzroy, Melbourne back in 2013, Hecho En Mexico has experienced rapid growth, resulting in the opening of over 20 restaurants across Australia.

    Loui Marcocci, the co-founder of Country Cooked, expressed his optimism about this new venture. According to him, this partnership illustrates the increasing opportunities for fast-service restaurants to venture into the retail sector.

    Marcocci highlighted that Hecho En Mexico had already been utilizing Country Cooked’s products in its restaurants. He expressed how this move is mutually beneficial, extending the brand’s reach to retail consumers and offering fans of the restaurant the convenience of purchasing their favorite dishes at their local Coles supermarket.

    The new Hecho En Mexico range is currently accessible at Coles supermarkets nationwide.

    Questions & Answers

    What is Hecho En Mexico’s new venture?
    Hecho En Mexico, in collaboration with Country Cooked, is launching two of its popular dishes in ready-to-heat packs for retail.

    What dishes are included in the ready-to-heat range?
    The range includes the Hecho En Mexico Chicken Fajitas, a 12-hour marinated chicken fajita mix, and Hecho En Mexico Pulled Pork Tacos, made with seasoned Mexican pulled pork.

    Where are the ready-to-heat packs available for purchase?
    The ready-to-heat packs are available at Coles supermarkets nationwide.

  • DHL Express launches Hong Kong-Mexico service

    DHL Express launches Hong Kong-Mexico service

    DHL Express Mexico recently launched a Hong Kong-Los Angeles-Guadalajara-Mexico City route. DHL officials said the six-day-a-week flight will increase cargo capacity between Asia and Mexico by 50 tons per flight, adding more than 20% of capacity to its daily operation.

    “We are launching this flight because we believe there will be a very strong need for capacity in the coming months,” said Antonio Arranz, CEO of DHL Express Mexico, in a release. “In 2021 the theme, the challenge in logistics, will be capable, and we are preparing for it.

    Arranz said the new flight will also help reduce transport times of goods from Asia to North America by avoiding a stopover at the DHL Express Americas Hub

    Cargo from Asia would stop in Cincinnati, then be dispersed on evening flights to Guadalajara and Mexico City. The new flight allows cargo from Hong Kong to connect in Los Angeles, to Guadalajara and finish in Mexico City on the same day.

    The new route will also reduce delivery times to the Mexican cities of Tepic, Guadalajara, and Colima. A 767-300 Boeing Converted Freighter will be used for the flight, with a range of 3,000 nautical miles and a maximum takeoff weight of 412,000 pounds. Arranz said the Hong Kong-Los Angeles-Guadalajara-Mexico cargo flight will create 80 jobs along the DHL Express supply chain.

    “It will promote cross-border trade and intercontinental delivery, and at the same time, help support the reactivation of Mexico’s economy,” Arranz said.

    DHL Express is the air and ground express unit of German transport and logistics giant Deutsche Post DHL. DHL Express announced on Friday it was raising its U.S. rates for 2021. The new U.S. rate will be 4.9%, effective Jan. 1. The company will provide additional rate details, including any add-on fees known in the parcel-delivery trade as “accessorials,” no later than mid-October, according to a release. The rate increases are for tariff or published, rates. Contract rates will differ depending on the specific customer.

    An El Paso, Texas-based confectionery manufacturer is opening a state-of-the-art facility in the Mexican state of Chihuahua. Mount Franklin Foods’ 220,000-square-foot candy factory will be in San Jeronimo — a port of entry in Chihuahua across the border from Santa Teresa, New Mexico. Mount Franklin Foods new factory in Mexico will create 300 jobs.

    The new facility will create 300 jobs when the plant becomes fully operational by the end of 2021. The factory will provide additional production capacity for soft candy items, such as gummies and jellies.

    Mount Franklin, which was founded in 1907, manufactures a variety of candy and nut products for the retail and food industries. The company operates seven manufacturing facilities and three distribution centers across North America.

    Texas port sending liquid C02 to Mexico
    Port Freeport recently announced a new partnership between Cemex and Union Pacific to transport liquid carbon dioxide (C02) from the port to customers in Mexico.

    Port Freeport is a major deep-water seaport located in Freeport, Texas. It is located around an hour south of Houston on the Gulf of Mexico.

    According to a release, Cemex will translote the liquid C02 from tanker trucks into rail cars while Union Pacific arranges the transport of the loaded cars to their destination in Mexico.

    The liquid C02 will then be converted into its naturally occurring gaseous state and used in various applications, including the manufacturing of carbonated beverages.

    “Port Freeport’s recent investment in new rail infrastructure on parcel 14 has garnered the attention of many multinational companies,” said Phyllis Saathoff, the port’s executive director and CEO. “Cemex’s partnership with Port Freeport represents our expanded export capabilities and will further develop the port’s relationship with our neighbors in Mexico.”

    Cemex is a Mexican multinational building materials company headquartered near Monterrey, Mexico.

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  • General Motors Instructs Mexican Suppliers To Prepare To Resume Operations

    General Motors Instructs Mexican Suppliers To Prepare To Resume Operations

    The president of General Motors Co’s Mexican unit advised suppliers to prepare to resume operations after the Mexican government said the automotive industry could exit the coronavirus lockdown before June 1 with adequate safety measures.

    “We are now beginning a new phase given the Mexican government’s official announcement earlier this week to consider the transportation manufacturing industry as essential for the country’s economy,” Francisco Garza, president of General Motors de Mexico, wrote in an email to suppliers dated on Friday that was viewed by Reuters.

    Noting the Mexican government is due to publish final safety rules on Monday, Garza added: “Once those final guidelines are known, we will be in a position to move swiftly to comply.”

    GM is tentatively planning to restart operations at its auto assembly plant in the Mexican city of Silao on Wednesday, according to a message to workers seen by Reuters on Sunday.

    Hundreds of workers at General Motors and other auto companies have gone back to work to make face shields, surgical masks and ventilators in a wartime-like effort to stem shortages of protective gear and equipment.

    Workers at the plant in the central state of Guanajuato that has been idled for weeks due to the coronavirus outbreak had previously been told to plan to return to work on Monday.

    GM did not immediately respond to a request for comment.

    The Mexican government’s announcement, made on Friday, means that automakers from as early as this week can begin reconnecting supply chains between Mexico and the rest of North America, which depends heavily on parts made south of the U.S. border.

    Senior U.S. politicians and auto companies had pressed the Mexican government to reopen factories.

    Some politicians are wary, however, of opening too fast. Mexico registered its first case of the coronavirus weeks after the United States and Canada and the toll of daily infections and deaths in the country reached new peaks over the past few days.

    Mexico has registered 49,219 cases of the coronavirus and 5,177 deaths.

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  • Mexican investor Bought three quarters of Restaurant Brands

    Mexican investor Bought three quarters of Restaurant Brands

    Restaurant Brands has announced Mexican investor Finaccess Capital SA de CV now has a controlling stake in the company after acquiring three quarters of the company’s shares.

    The deal closed on March 26 following Finaccess’ offer through its subsidiary, Global Valar SL, for up to 75 per cent of Restaurant Brands New Zealand shares at NZ$9.45 cash per share.

    Finaccess informed Restaurant Brands, the New Zealand franchise operator of Pizza Hut, KFC and Carl’s Jr, on Tuesday that it has paid shareholders for shares taken up under the partial takeover.

    The Mexico-based company, which also has a stake in AmRest, which operates KFC and Pizza Hut among other brands across Europe and China, said in its offer letter last year that it chose not to make a full takeover bid because there were benefits to Restaurant Brands remaining on the NZX and ASX.

    “By remaining a public company, Restaurant Brands will have access to capital to fund future growth while also providing existing shareholders an opportunity to continue participating in the business over the long term,” Finaccess said at the time.

    Restaurant Brands today also announced the appointment of Jose Pares Gutierrez and Emilio Fullaondo Botella as directors, and resignation of Stephen Copulos, Vicky Taylor and David Beguely as directors.

    As required by the NZX Listing Rules, Gutierrez and Botella will each stand for re-election at Restaurant Brands’ next annual meeting of shareholders.

    Ted van Arkel and Hamish Stevens will each remain on the board as independent directors, and Van Arkel will continue as chairman, until Restaurant Brands’ next annual meeting of shareholders on July 10. Both have announced their intention to retire as directors at the conclusion of that meeting.

    Gutierrez, the CEO of Global Valar SL and its parent, Finaccess Capital, is also the chairman of the board and a proprietary director of AmRest Holdings SE, the director of the board of Crown Imports, Chicago, Il, vice chairman of the board of MMI, Toronto, Canada, director of the Board of DIFA, Mexico, and former member of the Beer Chamber of Mexico.

    Botella, a senior executive with over 23 years of experience in the beer industry, has previously worked in a number of finance roles for Grupo Modelo, including four years as chief financial officer.

    Following the acquisition of Grupo Modelo by AB InBev in 2013, Gutierrez oversaw significant cultural and organisational changes at AB InBev (Mexico) as vice president, human resources (to 2017) and vice president, Projects until his resignation in January 2019.

  • AllSaints Mexico makes its debut in Mexico City

    AllSaints Mexico makes its debut in Mexico City

    UK fashion retailer AllSaints has opened its first store in Mexico as it begins a Latin American expansion.

    The 2368 sqft AllSaints Mexico store has opened in Mexico City’s Antara shopping centre.  It stocks menswear and womenswear collections and lines from the autumn/winter 2016 range and Capital Collection handbags.

    Like stores elsewhere in the world, the AllSaints Mexico store features distinctive tailor-made fixtures and handcrafted industrial display units, and wall-mounted vintage sewing machines set against an LED backdrop.

    AllSaints chose Grupo Sordo Madaleno as its local partner, a company which operates fashion, toy and cosmetics franchises across 25 Mexican retail locations.

    AllSaints CEO William Kim, said expansion in Latin America has always been an integral part of the retailer’s growth strategy.

    “With over 50 years expertise in the Mexican retail sector, Group Sordo Madaleno was an obvious partnership choice for us. Not only does it excel in its existing market, it shares our passion for exceptional customer experience and bringing AllSaints’ contemporary designs and premium quality collections to fashion lovers in Mexico.”

    Late last year, AllSaints opened stores in Peru and Chile. It now has 220 directly operated stores, franchises, concessions and outlets in 23 countries including the UK, Europe, North America, Asia and the Middle East.

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  • Indonesia Considers Importing Cows from Mexico

    Indonesia Considers Importing Cows from Mexico

    Indonesia is considering to import cows from Mexico and negotiations are now underway for that, an agriculture ministry official disclosed on Wednesday.

    “Private parties and a local government were currently in the process of negotiations,” Syukur Iwantoro, an expert staff on innovation and technology under the ministry, said after attending a calf harvest event.

    Regarding permit for import of up to 400,000 heads of cows, he admitted that private parties would be given full authority for this purpose and negotiations were on with partners in Mexico.

    Iwantoro noted that the government would ensure that cows to be imported from Mexico are free of foot and mouth disease.

    “So far, the government has been in touch with a number of countries, including Australia, in connection with beef supply,” he disclosed.

    He recalled that the government has put in place several alternatives to prevent escalation of beef prices in various regions in the country.

    “Price of beef in different regions in Indonesia varies from Rp85,000 to more than Rp100,000 per kilogram,” he pointed out.

    The imported cows were to be distributed in Jakarta and surrounding areas.

    “The country is now importing almost 700,000 heads of cows. So far, most of the cows are being imported from Australia,” he stated.

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  • Alibaba eyes Latin American enterprise

    Alibaba eyes Latin American enterprise

    Alibaba is enthusiastic about doing enterprise in Latin America, notably in Mexico, Brazil and Argentina, the e-commerce firm stated in Mexico Metropolis over the weekend.

    Chinese language shoppers are keen to acquire Latin American merchandise, particularly recent produce corresponding to Mexico’s avocado, stated Sherri Wu, head of Alibaba’s Worldwide E-commerce Enterprise Improvement for the Americas.

    “Proper now individuals love this meals. Final month, we bought over 10,000 orders (of avocado) via our channels, and we might like to have extra to supply to our clients,” stated Wu.

    Because the finish of 2014, Alibaba has been promoting avocados by way of its Tmall platform.

    “We noticed that avocado was an enormous success in 2014,” stated Wu.

    Chilean cherries and Argentine prawns have additionally loved an analogous success by way of the platform, added Wu.

    The necessity for “unique” foodstuff in China comes from a rising center class, that are extra serious about high quality items from overseas.