Starbucks denies plan to buy Chipotle after report of possible takeover

Starbucks publicly refuted a CBS News report that suggested the coffee chain was evaluating a takeover of Chipotle Mexican Grill. In a statement released on October 12, 2026, Starbucks said it does not intend to submit a bid for the fast‑casual restaurant brand and that its strategic focus remains on organic growth rather than acquisitions. The company emphasized that any speculation about a merger is unfounded and that it will continue to expand its own stores and product offerings. The denial was issued after media outlets circulated rumors of a possible deal between the two firms. No additional information about negotiations, valuation, or future partnership discussions was provided.