Chipotle Expansion Continues Despite False Closure Rumors: Here's the Truth
Chipotle is not closing or filing for bankruptcy, despite recent viral rumors. Here's what you need to know about the situation:
The recent confusion started when a Madrid-based media outlet mistakenly reported about Chipotle's bankruptcy and closures. This misinformation stemmed from the closure of Farmesa Fresh, a small Chipotle-backed ghost kitchen venture that ended operations in 2024.
Chipotle's actual business status shows strong growth:
- 14.6% revenue increase in 2024
- Opened 300+ new restaurants last year
- Currently operates 3,700+ locations
- Plans to open 300 more locations in 2025
- $2 billion in cash reserves
- Zero debt
- Continuing international expansion
The company is actively expanding its presence, particularly with "Chipotlane" mobile pickup windows in new locations. Chipotle has officially confirmed to multiple news outlets, including Newsweek and PIX11, that they have no plans to close any restaurants.
The Farmesa Fresh closure, which sparked the rumors, was a limited test concept that never expanded nationally. This small experimental venture's end was misinterpreted and amplified through social media, leading to widespread misinformation about Chipotle's main business.
Chipotle customers can be assured that their local restaurants will remain open and operating as usual, with the company continuing its growth trajectory and expansion plans.