Story perspectives
Starbucks Denies Chipotle Acquisition, Sending Shares Down 4%
By Drooid · · How we work
1 of 1
Story summary
- Starbucks denied plans to acquire Chipotle Mexican Grill.
- Chipotle shares fell about 4% after the denial.
- Starbucks shares rose roughly 1% after the denial.
- The proposed merger would have created a restaurant group with roughly $50 billion in annual sales.
- CEO Brian Niccol led Chipotle for six years before joining Starbucks in 2024.