Starbucks Considers Chipotle Takeover Bid
Starbucks explores buying Chipotle as restaurant giant faces slump.
In brief
Starbucks explores buying Chipotle as restaurant giant faces slump. Starbucks is weighing a takeover bid for Chipotle Mexican Grill amid its stock decline and leadership transition. Originally reported by Pymnts.
Starbucks and Chipotle
Starbucks has worked with advisors on a takeover proposal for Chipotle Mexican Grill.
Proposal Status Unclear
The status of the proposal and any submission of a formal offer to Chipotle could not be determined.
Starbucks Spokesperson
Starbucks spokesperson said they don’t comment on rumors and speculation.
Chipotle's Market Value
Chipotle’s market value is $41 billion, the biggest-ever restaurant acquisition.
Chipotle's Stock Decline
Chipotle shares have fallen by nearly 20% over the past year due to consumer concerns.
The bottom line
Starbucks is weighing a takeover bid for Chipotle Mexican Grill amid its stock decline and leadership transition.
