Tortilla Mexican Grill announces a strategic agreement with Compass Group’s Chartwells Universities.
Tortilla Mexican Grill established in the UK since 2007 is a fast-casual Mexican restaurant. Opened by two Californians in response to the deficit of Mexican grills in London, the restaurant now has over 50 locations.
Compass Group is a foodservice company with over 500,000 locations. The Group segregates their business by sectors such as business, healthcare, education, sports and defence. Chartwells Universities provide students with dynamic experiences in catering and dining services. Chartwells collaborates with partners like Subway, Leon, Costa, Greggs. Their focus is on delivering food to students which is convenient, delicious, and varied.
As part of their strategic partnership, Chartwells will open at least 14 Tortilla locations on a franchise basis across their universities.
As part of a trial by Chartwells, Tortilla’s highly customizable, cheap service is already offered at Middlesex University, Brunel University, Sussex University, and Swansea University, with more openings expected this year.
This partnership brings together two like-minded companies that are devoted to developing greener, more sustainable methods of doing business. They are both progressive and focussed on delivering fresh with a value-for-money products that appeal to a diverse clientele.
“We are excited to partner with Chartwells Universities and launch new sites across the UK. In recent years, we have been successful in adapting the brand for new locations and formats, and this will be another opportunity for us to showcase our ability to bring Tortilla to customers across a breadth of locations. This is an important agreement for us and will support our long-term UK growth ambitions, while driving consumer awareness within a key target demographic,” said Andy Naylor, Chief Financial Officer of Tortilla.
Tortilla share price is trading at 174p, barely changed despite the significance of the deal.