NEW YORK (PIX11) — Chipotle refuted rumors that it filed for bankruptcy after confusion spread online on Friday night. A spokesperson for the chain restaurant confirmed to PIX11 News that the company has no plans to close locations despite reports that circulated online. The false information stemmed from an inaccurate online article confusing Chipotle with a venture it tested in 2023. The story has since been corrected, the statement said. Contrary to the rumors, Chipotle has plans to open more than 300 new restaurants across the country in 2025, including a Chipotlane for drive-thru digital order pick-ups.
Rumors about Chipotle's alleged bankruptcy first stemmed from a Madrid publication, which mentioned the closing of Farmesa Fresh, a Chipotle-invested business venture. Like many rumors, it quickly traveled to social media and spread everywhere. One user posted on X, "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." Another wrote, "My coworker just came in my office & [said] Chipotle closing all the stores & filing bankruptcy...I know this [a] lie."
Despite efforts to keep hostilities in check, officials on both sides are sounding warnings about the possible closure of Chipotle restaurants. Fortunately, it seems Chipotle is not going anywhere. Confirming to Newsweek that they’re not filing for bankruptcy or shutting down anytime soon on March 24, 2025, the fast-food chain alleviated concerns by stating it has plans to open over 300 more stores, with the majority boasting the increasingly popular Chipotlane. Earlier in March, Chipotle launched Chipotle Honey Chicken, adding to its flavor options.
For the past few days, users on X have been posting messages expressing their sadness over the alleged closure of locations due to bankruptcy. Before you start worrying about never having your favorite food again, here’s how it all started. The rumors began circulating after a media outlet from Madrid mentioned that Farmesa Fresh, which is owned by Chipotle, would be shutting down. An image shared quickly fueled the rumor that the entire company was closing.
Chipotle representatives have proactively addressed the situation, issuing a statement confirming the rumors are false. "The false information stemmed from an inaccurate online article that confused Chipotle with a company that it experimented with in 2023. The story has since been corrected," the company clarified. According to a spokesperson, Chipotle plans to open between 315 and 345 new restaurants throughout 2025, approximately 80 percent of which will feature the drive-thru option. This will further solidify Chipotle's position in the fast food industry.
In more positive news for Chipotle, the company reported robust growth in 2024 with the opening of over 300 new locations, amid a 14.6% increase in revenue. The restaurant currently operates more than 3,700 locations around the world, including in countries like Canada, the UK, and Germany, showcasing its expansive reach.
With no debt and over $2 billion in cash reserves, the future looks bright for Chipotle. The company’s CEO, Scott Boatwright, confirmed that Chipotle is focused on consolidating its brand rather than expanding into new ventures, further emphasizing that there are no plans for bankruptcy.
Since the rumor surfaced, there has been considerable online chatter about Chipotle's state, with many fans expressing concerns for their beloved Tex-Mex chain. Fortunately, the company remains committed to its growth strategy, rolling out more locations and enhancing its menu offerings to meet the needs of its consumers. Many customers have been vocal about the recent introduction of new items, like the Chipotle Honey Chicken, which many believe could become a staple on the menu.
In light of the recent misinformation, Chipotle's proactive communication and transparency with its customers underline its commitment to maintaining trust and loyalty. The efforts to address the unfounded rumors quickly reflect the brand’s focus on customer satisfaction and service.
It’s clear that Chipotle isn’t just surviving; it’s thriving. With ambitious plans for expansion and a firm grip on its core offering, fans can rest easy knowing their favorite restaurant isn’t going anywhere anytime soon.
As the fast food landscape continues to evolve, one thing remains constant: the love for Chipotle's burritos and bowls. So next time you find yourself craving a quick, satisfying meal, you can confidently head to your nearest Chipotle without worry; the chain is here to stay.
