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Tortilla Mexican Grill Ltd. ( (GB:MEX) ) has issued an update.
Tortilla Mexican Grill plc has announced a strategic shift towards technology-driven growth with a significant board appointment following a 20% stake acquisition by Auctor Group. The appointment of Usman Ali as Non-Executive Director from Auctor emphasizes Tortilla’s focus on leveraging technology as a growth pillar, aiming to enhance digital and operational capabilities through innovations like robotics and AI. This move is expected to bolster Tortilla’s industry position and shareholder value by aligning with Auctor’s technological expertise in transforming legacy industries.
More about Tortilla Mexican Grill Ltd.
Founded in 2007 by a San Francisco duo, Tortilla Mexican Grill plc is Europe’s largest fast-casual Mexican restaurant brand. The company offers authentic California-style burritos, tacos, and salads across 81 UK locations, 28 in France, and 12 in the Middle East. Known for serving meals in under 90 seconds, Tortilla emphasizes sustainability with recycled packaging, renewable electricity, and zero waste to landfill. Headquartered in London, it employs over 1,100 people.
YTD Price Performance: -2.00%
Average Trading Volume: 38,441
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £18.95M
For a thorough assessment of MEX stock, go to TipRanks’ Stock Analysis page.
