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News 2026-10-08 16:16 UTC

Starbucks explored takeover proposal for Chipotle

Starbucks has worked with advisers in recent months on a possible takeover proposal for Chipotle, according to the Financial Times. Chipotle shares rose and Starbucks fell after the report.

News 2026-10-08 15:30 UTC

Chipotle Jumps on Report Starbucks Explored a Takeover

Chipotle Mexican Grill shares jumped after the Financial Times reported that Starbucks has reportedly worked with advisers in recent months on a takeover proposal for Chipotle, according to the Financial Times. Starbucks Chief Executive Officer Brian Niccol previously spent six years as the top executive at Chipotle. M