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A recent report suggested that Starbucks may be planning to take over Chipotle.
The popular coffee chain was said to be exploring a megadeal takeover of restaurant chain Mexican Grill, which would mark the largest restaurant acquisition ever, according to Financial Times.
What was said about the Starbucks takeover of Chipotle
According to the publication’s report, Starbucks was working with consultants on a proposal to acquire the food chain with a market value of $41 billion.
This would also mark a reunion between the current CEO of Starbucks Brian Nicholsonwho previously served as CEO of Chipotle for six years before joining the coffee chain in the fall of 2024.
Is Starbucks really getting Chipotle?
Short answer, no.
A spokesperson from Starbucks confirmed to CNBCand Jim Cramer“Starbucks is not buying Chipotle.”
CNBC reports that rumors of the takeover saw Chipotle’s shares rise, while shares for Starbucks fell.
However, the site says Starbucks shareholders were concerned about disruption as they are currently in the midst of their own turnaround.
What is Starbucks focusing on right now?
“Our team is laser-focused on executing our Back to Starbucks strategy,” a Starbucks spokesperson said in a statement to People. “We have strong momentum and confidence in our long-term growth potential. We look forward to sharing our Q4 results, including FY27 guidance, later this month.”
The CEO has been in charge of the Back to Starbucks strategy Brian Nicholson to get the company back to what made it an “iconic and beloved brand.”
“We have made great progress,” he said in a message. “What we set out to do is give people the best of Starbucks – the Starbucks experience that they know and love. I think our partners have stepped up. I think they’ve delivered on the basics.”
What are these foundations?
“Great coffee, made just the way a customer wants it. An innovative menu that inspires and moves. Great customer service. Partners who are set up for success, so they can connect with customers and create a warm and welcoming coffeehouse atmosphere, whether someone is staying for a few minutes or settling in for an afternoon in a comfortable chair with their ceramic mug.”
Starbucks recently released its 2026 holiday menu, which will officially launch on November 5th.
The holiday menu will include the tiramisu velvet latte, apple pomegranate refresher, sugar cookie latte, caramel brulee latte, gingerbread chai latte, and the peppermint mocha drink.
Posted in: Chipotle Food Starbucks
