Starbucks Explores Chipotle Takeover
Starbucks has reportedly explored a takeover of Chipotle Mexican Grill. The potential deal would reunite Starbucks CEO Brian Niccol with his former company. Analysts note the move could face skepticism from investors during Starbucks ongoing turnaround.
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STARBUCKS CORP explored a takeover of CHIPOTLE MEXICAN GRILL INC, potentially reuniting Chief Executive Brian Niccol with the burrito chain he previously led. The potential deal comes as restaurant chains wrestle with uncertain demand from consumers and rising operating costs. Starbucks has worked with advisers in recent months on a proposal, according to people familiar with the matter.
