📝 Executive Summary
Chipotle Mexican Grill and e.l.f. Beauty are aggressively pursuing international expansion through strategic joint ventures and retail partnerships. While Chipotle leverages local operators to enter Asian and Mexican markets, e.l.f. Beauty is capitalizing on existing social media demand for its rhode brand across Europe. These structural shifts aim to diversify revenue streams and sustain long-term growth despite domestic market headwinds.