Business · Companies · 2 hrs ago
Starbucks Says It Is Not Buying Chipotle
Starbucks has denied that it plans to buy Chipotle, after a report said the coffee chain was exploring a takeover.
The report described a possible deal for Chipotle, which it valued at $41 billion.
Starbucks said it is not buying the Mexican-style restaurant chain.
The rumor followed Starbucks CEO Brian Niccol’s earlier role as Chipotle’s chief executive.
Reports said the takeover speculation lifted Chipotle shares and weighed on Starbucks shares.
Starbucks is focused on its “Back to Starbucks” strategy, which aims to strengthen its coffee, menu, service and coffeehouse experience.
The company said it plans to share its fourth-quarter results and guidance for fiscal 2027 later this month.
Starbucks said it is not buying Chipotle.
The statement followed a report that Starbucks was exploring a takeover of the Mexican Grill chain.
The reported deal would involve Chipotle, which the article said had a $41 billion market value.
Starbucks said its team is focused on its Back to Starbucks strategy.
Reports of a possible takeover coincided with Chipotle shares rising and Starbucks shares falling.
- Who
- Starbucks and Chipotle.
- What
- Starbucks said it is not buying Chipotle, after a report said it was exploring a takeover.
- When
- The article was published on October 12, 2026; the date of the reported takeover discussions was not stated.
- Where
- Not stated.
- Why
- Starbucks said its team is focused on executing its Back to Starbucks strategy.
Financial Times report
Starbucks
Takeover plans
Financial Times report
The report said Starbucks was working with advisers on a proposal to acquire Chipotle.
Starbucks
Starbucks said it is not buying Chipotle.
The Financial Times reported that Starbucks was working with advisers on a proposal to acquire Chipotle.
A Starbucks spokesperson told CNBC that the company was not buying Chipotle.
Starbucks' 2026 holiday menu is scheduled to launch.
- Reported Chipotle market value
- $41 billion
- Starbucks strategy
- Back to Starbucks
- Starbucks CEO
- Brian Niccol
- Holiday menu launch
- November 5
What people are saying
Starbucks is not buying Chipotle.
Our team is laser focused on executing our Back to Starbucks strategy
We’ve made tremendous progress
Sources
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