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Starbucks says it is not buying Chipotle

Starbucks denied it plans to buy Chipotle after a report of a possible takeover.

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Starbucks said it is not buying Chipotle. A company spokesperson told CNBC: "Starbucks is not buying Chipotle."

The denial followed a report of a possible takeover. CBS News reports Starbucks said it does not plan to bid for Chipotle Mexican Grill and is focused on organic growth.

CNBC's Jim Cramer wrote that Starbucks told him the deal won't happen. The reports do not describe the original takeover report or say who produced it.

Reported by

  1. CNBCStarbucks says it is not buying Chipotle after takeover speculationMon, Oct 12, 9:01 AM EDT
  2. CNBCCramer: Starbucks tells me Chipotle takeover won't happen and that's good for the stockMon, Oct 12, 12:37 PM EDT
  3. CBS NewsStarbucks denies plan to buy Chipotle after report of possible takeoverMon, Oct 12, 12:55 PM EDT

This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.