Starbucks (SBUX.US) declines to comment on rumors of acquiring Chipotle (CMG.US): fully focused on turnaround; potential acquisition could be costly.

Zhito Finance APP has learned that Starbucks (SBUX.US) declined to comment on Thursday on a report that it had attempted to acquire Chipotle Mexican Grill (CMG.US). Starbucks said the company is "highly focused" on its turnaround under the leadership of CEO Brian Niccol.