Starbucks denies plan to buy Chipotle after report of possible takeover
Reported by CBS News · October 12, 2026
Starbucks rejected reports that it was weighing a purchase of Chipotle Mexican Grill, the restaurant chain.
A company spokesperson said Starbucks is concentrating on its Back to Starbucks strategy and expressed confidence in its future growth.
The company said it plans to provide its fourth-quarter results and financial guidance for fiscal 2027 later this month.
Analysts at TD Cowen viewed a deal as unlikely. They expect CEO Brian Niccol to focus instead on improving Starbucks’ business. No takeover plans were confirmed.
Key points
- Starbucks denied that it was considering acquiring Chipotle.
- The company says it is focused on its own strategy and growth.
- TD Cowen analysts expect Niccol to prioritize Starbucks’ turnaround.