Chipotle Jumps on Report Starbucks Has Explored Takeover

Shares of Chipotle Mexican Grill jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain. The status of the takeover plans couldn’t be immediately learned and a mega deal of this size might never get off the ground, the FT said, citing people familiar with the matter. Brian Niccol, Starbucks’ chief executive officer since 2024, previously spent six years as the top executive at Chipotle, where he spearheaded a period of rapid growth. For more, we speak with Redd Brown, Bloomberg News Consumer Reporter. (Source: Bloomberg)

Shares of Chipotle Mexican Grill jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain. The status of the takeover plans couldn’t be immediately learned and a mega deal of this size might never get off the ground, the FT said, citing people familiar with the matter. Brian Niccol, Starbucks’ chief executive officer since 2024, previously spent six years as the top executive at Chipotle, where he spearheaded a period of rapid growth. For more, we speak with Redd Brown, Bloomberg News Consumer Reporter. (Source: Bloomberg)