{"id":6572,"date":"2026-10-12T20:55:43","date_gmt":"2026-10-12T20:55:43","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=6572"},"modified":"2026-10-12T20:55:43","modified_gmt":"2026-10-12T20:55:43","slug":"starbucks-says-it-will-not-buy-chipotle-following-takeover-report","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=6572","title":{"rendered":"Starbucks says it will not buy Chipotle following takeover report"},"content":{"rendered":"
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Fox News host Jimmy Failla discusses Starbucks resolving a Florida DEI lawsuit with a nationwide agreement and Michigan Democratic U.S. Senate nominee Abdul El-Sayed\u2019s seemingly dodging questions about Hasan Piker on \u2018The Evening Edit.\u2019<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Starbucks is putting an end to speculation that it could acquire burrito chain Chipotle Mexican Grill.<\/p>\n
A Starbucks spokesperson confirmed to FOX Business on Monday that the coffee giant is not buying Chipotle following a report that it had explored a potential deal.<\/p>\n
“Our team is laser focused on executing our Back to Starbucks strategy. We have strong momentum and confidence in our long-term growth potential,” the company reiterated. “We look forward to sharing our Q4 results, including FY27 guidance, later this month.”<\/p>\n
STARBUCKS SUED FOR ALLEGEDLY MISLABELING ‘SUGAR-FREE’ PROTEIN DRINKS<\/strong><\/p>\n
Starbucks is putting an end to speculation that it could acquire burrito chain Chipotle Mexican Grill.<\/span> (Mostafa Bassim\/Anadolu via Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n
Talk of a possible deal began last week after the Financial Times reported that Starbucks had recently explored a potential bid for Chipotle with advisers.<\/p>\n
The report cited people familiar with the matter.<\/p>\n
“Starbucks has explored a takeover of Chipotle Mexican Grill, in an ambitious gambit to unite two of America\u2019s best-known brands in a deal that would rank as the biggest-ever tie-up in the restaurant sector,” the outlet reported.<\/p>\n
Such a deal would have reunited Starbucks CEO Brian Niccol back at the center of the company he previously led.<\/p>\n
LEFTIST SEATTLE MAYOR ADMITS STARBUCKS CRITICISM ‘CAUSED MORE HARM THAN GOOD’<\/strong><\/p>\n
Such a deal would have reunited Starbucks CEO Brian Niccol back at the center of the company he previously led.<\/span> (REUTERS\/Daniel Becerril)<\/span><\/p>\n<\/div>\n<\/div>\n
Niccol spent six years as Chipotle’s CEO before leaving in 2024 to take the top job at Starbucks.<\/p>\n
During his tenure, Chipotle expanded its digital business and posted strong growth as it moved beyond earlier food-safety challenges, according to Reuters.<\/p>\n
Chipotle shares jumped more than 7% following the initial report, while Starbucks shares fell about 3%, Reuters reported.<\/p>\n
SEATTLE COULD LOSE HUNDREDS OF MILLIONS IN TAX REVENUE AS STARBUCKS EXPANDS IN TENNESSEE<\/strong><\/p>\n
Niccol spent six years as Chipotle’s CEO before leaving in 2024 to take the top job at Starbucks.<\/span> (REUTERS\/Brendan McDermid)<\/span><\/p>\n<\/div>\n<\/div>\n
Those moves reversed Monday after Starbucks shut down the takeover speculation. Chipotle shares fell about 4% in afternoon trading, while Starbucks rose roughly 1.5%.<\/p>\n
CLICK HERE TO GET FOX BUSINESS ON THE GO<\/u><\/strong><\/p>\n
A combination of the two chains would have created a restaurant giant with roughly $50 billion in annual sales. Chipotle has a market capitalization of about $40 billion, according to Reuters.<\/p>\n
Chipotle could not immediately be reached by FOX Business for comment.<\/p>\n
Reuters contributed to this report.<\/i><\/p>\n<\/div>\n
Fox News host Jimmy Failla dis… <\/p>\n","protected":false},"author":1,"featured_media":2782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[152,1481,306,3187,3655],"class_list":["post-6572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-buy","tag-chipotle","tag-report","tag-starbucks","tag-takeover"],"yoast_head":"\n
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<\/source><\/source><\/source><\/source><\/picture><\/div>\n![\"Chipotle](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/10\/931\/523\/chipotle-store.jpg?ve=1&tl=1\")
<\/source><\/source><\/source><\/source><\/picture><\/div>\n![\"Starbucks](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/10\/931\/523\/starbucks-ceo-brian-niccol.jpg?ve=1&tl=1\")
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