Shake Shack signs Panama deal as Central American expansion ramps up

Shake-Shack-front-store — “As each one will embody the warmth and authenticity that define Panama,” (Source: Bigstock)

By My Nguyen May 14, 2025

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Fast-casual burger chain Shake Shack has partnered with Grupo Attie-Multifood, a Panamanian conglomerate, to expand into the Central American market.

The first Shake Shack location in Panama will open in 2026 as part of the partnership, with 12 locations planned across the region by 2035.

“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,” said Michael Kark, Shake Shack’s president of global licensing.

While offering Shake Shack’s signature menu, including the ShackBurger, classic crinkle-cut fries, beer, wine, and frozen custard, the chain will collaborate with local purveyors and producers to develop regional flavors and ingredients.

“We look forward to welcoming guests to the shacks we create together, as each one will embody the warmth and authenticity that define Panama,” said Hector Ospina, Multifood Enterprises’ CEO.

At the beginning of May, Shake Shack reported an increase in revenue but flat comparable sales for the first quarter, while opening four new company-operated Shacks and seven licensed Shacks.