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Starbucks confirms it is not buying Chipotle
Starbucks has confirmed that it is not pursuing an acquisition of Chipotle, putting to rest speculation about a potential deal between the two major US restaurant chains. The clarification ends talk of a tie-up between the coffee giant and the burrito chain, and attention now turns to whether further consolidation in the restaurant sector will follow.
Why now: Rumours of a Starbucks-Chipotle deal had been circulating, and the company's explicit denial resolves the speculation.
Evidence
- Starbucks confirms it is not buying Chipotle · Yahoo Finance
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