Economy · World
Starbucks Denies Reports of Chipotle Takeover Plans
Starbucks has denied reports suggesting it was planning to acquire Chipotle. The denial comes after speculation circulated about a potential takeover. One report indicated that Starbucks communicated to financial commentator Jim Cramer that a deal would not occur, which was presented as positive for the stock. Another analysis suggested that if a deal were to happen, it would represent a significant bet on Chipotle CEO Brian Niccol's leadership.
How outlets across the spectrum covered it
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- Centre (6): Business Insider, CBS News, CNBC, NBC News, Reuters, The Globe and Mail