Starbucks says it is not buying Chipotle Mexican Grill

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Starbucks has officially stated that it is not buying Chipotle Mexican Grill. This announcement follows previous reports suggesting that the coffee house chain had evaluated the prospect of such a deal. Despite the earlier speculation regarding a potential acquisition, Starbucks confirmed it would not be moving forward with the purchase of Chipotle Mexican Grill, effectively denying the reports that it had explored a deal to acquire the Mexican grill chain in the recent days.
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