Are Chipotle’s Bankruptcy Rumors True? Jeremy Moeller – Getty Images
There are certain things I can’t live without in this life—Starbucks’ shaken espressos, potato chips, and a good Chipotle bowl. And it looks like I might have to rethink my go-to meal because rumors are swirling that Chipotle is filing for bankruptcy. Sob.
The rumors about Chipotle’s alleged bankruptcy first stemmed from a Madrid publication, which mentioned the closing of Farmesa Fresh, a Chipotle-invested business venture. And like many rumors, it quickly traveled to social media and spread everywhere.
“Why my mama send the family chat a screenshot saying Chipotle finna shut down due to bankruptcy?????? I won’t, I SHANT, I REFUSE to believe that,” one user posted on X. “My coworker just came in my office & [said] Chipotle closing all the stores & filing bankruptcy…I know this [a] lie,” another wrote.
Rumors on social media are usually taken with a grain of salt, but after so many restaurant closures (Red Robin, Denny’s, and Red Lobster), I can understand why people might believe the beloved Tex-Mex chain is falling on hard times. Fortunately, though, this is just a rumor. Chipotle representatives confirmed to Newsweek that they’re not filing bankruptcy or shutting down anytime soon.
In fact, Chipotle plans to open over 300 more stores, with 80 percent operating with a Chipotlane, a.k.a. a drive-through. This is a smart business move, in my opinion. I mean, who doesn’t love a quick drive-through option when you’re craving that perfect balance of guac and queso?
And let’s not forget the brand is also expanding its menu. Just earlier this month, they launched Chipotle Honey Chicken, and let me tell you, it was exactly what I needed in my burrito bowls.
Honestly, at first, these rumors had me worried that my go-to lunch option was in jeopardy, but it looks like Chipotle is here to stay. If anything, they’re doubling down on growth, convenience, and flavor. So, for now, we can all breathe easy and rest, knowing that our fave Tex-Mex chain isn’t going anywhere.
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