Update: Starbucks Reportedly Not Buying Chipotle

09:28 AM EDT, 10/12/2026 (MT Newswires) -- (Updates with Chipotle's response to a request for comment in the second paragraph.) Starbucks (SBUX) is not buying Chipotle Mexican Grill (CMG), multiple media outlets reported Monday, citing a company statement that refuted reporting from last week. "We do not comment on rumors or speculation, and our focus remains firmly on executing our Recipe for Growth strategy," a Chipotle spokesperson told MT Newswires via email. Starbucks didn't immediately reply to a request for comment from MT Newswires.