Shake Shack to enter Panama
A fast-casual burger chain is setting its sights on a Central American nation for expansion.
New York City-based Shake Shack Inc. has partnered with Grupo Attie-Multifood Enterprises to bring the brand to Panama. As part of the deal, the partnership plans to open 12 Shacks across the Panamanian market by 2035, with its first Shack scheduled to open in 2026 – marking a new chapter in the company’s international journey. Shake Shack currently operates over 210 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more.
Grupo Attie-Multifood Enterprises is a Panamanian conglomerate with operations across Panama, Colombia, Chile and Mexico. They currently operate over 200 in-stores and 200 stores in Latin America, and specialize in real estate, food and beverage, retail, finance, and online entertainment and gaming.
“We couldn’t be more thrilled to expand into Panama, our first stop in Central America,” says Michael Kark, president of global licensing at Shake Shack. “Bringing Shake Shack to Central America marks a major milestone as we continue to grow globally, and Panama has always felt like a natural place to begin given its blend of warmth, rich history, and a vibrant culinary scene. Grupo Attie-Multifood Enterprises shares our values of quality, hospitality, and delivering an outstanding guest experience, and their deep expertise in Panama makes them an ideal partner as we plan to open 12 Shacks in the country by 2035.”
Shake Shack is planning to grow at home as well. Earlier this year, the chain said it sees the potential for its company-operated footprint to reach “at least” 1,500 locations over time, versus its prior target of 450 domestic sites. Shake Shack expects to open about 80 to 85 new restaurants this year, including 45 company-operated locations. Licensed openings are expected to range from 40 to 45 openings.
“Partnering with Shake Shack is more than just an expansion – it’s a commitment to excellence, community and growth,” said Hector Ospina, CEO at Multifood Enterprises. “We are proud to introduce an internationally recognized brand that shares our dedication to hospitality and quality. Beyond enriching the country’s dynamic culinary scene, this collaboration will generate approximately 400 new jobs, fueling economic opportunities and empowering local talent. We look forward to welcoming guests to the shacks we create together, as each one will embody the warmth and authenticity that define Panama.”
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Known for its made-to-order burgers, crispy chicken, milkshakes and more, Shake Shack operates over 590 locations system-wide, including over 380 in 34 U.S. States and the District of Columbia.
