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Is Chipotle Closing? Company Confirms Expansion Plans Amid Bankruptcy Rumors

Chipotle Mexican Grill is putting an end to rumors speculating that it has filed for bankruptcy and plans to close restaurants. On Wednesday, March 26, 2025, as speculation circulated about a potential bankruptcy filing, a Chipotle spokesperson confirmed via email to AFROTECH™ that the “false information” started with an inaccurate online article. Chipotle Bankruptcy “The claims that Chipotle is filing for bankruptcy and closing restaurants are false,” the spokesperson said. “The false information stemmed from an inaccurate online article confusing Chipotle with a venture it tested in 2023. The story has since been corrected.” Chipotle, headquartered in Newport Beach, CA, currently operates over 3,700 restaurants worldwide. The spokesperson added, “We anticipate opening between 315 to 345 new restaurants this year, with at least 80% including a Chipotlane.” The Chipotlane is a dedicated drive-thru lane at Chipotle restaurants where customers can pick up their food after placing an...

Mar 26, 2025