Chipotle Mexican Grill Inc

CMG: XNYS (USA)

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Starbucks and Chipotle: Starbucks Dismisses Speculation Over Potential Chipotle Takeover

Ari Felhandler

Oct 12, 2026

On Oct. 12, a Starbucks spokesperson confirmed that the coffee giant would not buy Chipotle. The statement followed a Financial Times report a week earlier that Starbucks was in the early stages of a takeover. Starbucks' shares rose 1%, while Chipotle shares fell 5% during trading after the update.

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Chipotle Mexican Grill Inc

Starbucks and Chipotle: Starbucks Dismisses Speculation Over Potential Chipotle Takeover

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