In case you missed it, late last week, Unión Rayo published a report dissecting the closure of Farmesa Fresh Eatery, a venture Chipotle briefly tested in Santa Monica, Calif., in 2023 before it shuttered in February 2024.
While other spinoff restaurants have seen success–namely McDonald's CosMcs, Starbucks Reserve and Taco Bell Cantina–Farmesa Fresh Eatery wasn't worth the effort for Chipotle. At the time, a rep for the company told CNBC that its main focus was its own brand but that Farmesa Fresh Eatery "lives on in the company’s innovation lab for new menu items."
"Chipotle is closing all restaurants & is declaring bankruptcy," one X (formerly Twitter) user wrote. "The number of businesses declaring bankruptcy is very eerie," they added.
Chipotle is closing all restaurants & is declaring bankruptcy. The number of businesses declaring bankruptcy is very eerie.
— Aimee Sukol ☮??????? (@SukolVentures) March 20, 2025While On The Border, Red Lobster, TGI Fridays, Party City, JOANN, and Forever 21 have filed for bankruptcy protection recently and announced locations would be closing, Chipotle is not among those on the list.
"The story has since been corrected," the spokesperson noted.
"We anticipate opening between 315 to 345 new restaurants this year, with at least 80 percent including a (digital drive-thru) Chipotlane."
Not only that, but the fan-favorite fast food chain has also expanded its offerings, adding a "swicy" new protein-packed menu item and bringing back a "top requested" item for a limited time just months prior.
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