<div class=newsTextDataWrapInner><p>(Oct 12): Starbucks Corp said it’s not buying Chipotle Mexican Grill Inc, seeking to tamp down speculation about what could have been one of the restaurant sector’s largest-ever deals.</p></div>

<div class=newsTextDataWrapInner><p>The company issued a statement on Monday following a report last week that Starbucks, run by former Chipotle chief executive officer Brian Niccol, had worked on a takeover proposal.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>At the time, the coffee chain said it was “laser focused” on executing its ongoing turnaround plan, which has revived sales growth after a lengthy slump.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Chipotle shares fell 3.1% as of 9.42am in New York trading on Monday while Starbucks shares were little changed. The burrito chain’s stock had jumped following last week’s report.</p></div>

<div class=newsTextDataWrapInner><p>Analysts had expressed scepticism about a potential deal, given how different the two businesses are.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>At Chipotle, Niccol also spearheaded a revitalisation that turned the company into one of the restaurant industry’s top performers for several years.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The company has recently struggled with sales declines, which it has started to reverse with more frequent product launches and updates to its loyalty programme.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Evelyn Chan</em></p></div>


Starbucks Corp said it’s not buying Chipotle Mexican Grill Inc, seeking to tamp down speculation about what could have been one of the restaurant sector’s largest-ever deals.

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Middle-income earners (M40) are among those benefitting from Budget 2027 through an increase in the individual tax relief limit to RM12,000 from RM9,000, alongside RM100 under the Sumbangan Asas Rahmah (Sara) Madani assistance to be disbursed twice next year to eligible adult Malaysians.

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