Starbucks Ends Rumors: 'We Are Not Buying Chipotle'
· Telemundo McAllen (KTLM)
Starbucks said on Monday that it does not plan to acquire Chipotle Mexican Grill, following a report last week that suggested the coffee chain had considered this possibility. 'As a policy, we do not comment on rumors or speculation, but we want to make it clear that we are not buying Chipotle,' a Starbucks spokesperson told NBC News in an email. 'Our team is fully focused on executing our 'Back to Starbucks' strategy,' he added, noting that the company expects to share its latest financial results at the end of October. Starbucks' statement came after the Financial Times reported on Thursday that 'Starbucks has explored the possibility of acquiring Chipotle Mexican Grill.' The report also indicated that the company had hired advisors to work on a potential acquisition proposal for Chipotle.
AI summary · Source: Telemundo McAllen (KTLM) →
