Starbucks Says It Is 'Laser-Focused' on Existing Strategy Following Chipotle Deal Chatter -- WSJ
Dow Jones2026/10/08 19:54By Heather Haddon Starbucks said it was focused on its existing strategy in response to a news report that the coffee giant explored a takeover deal for Chipotle. "Our team is laser-focused on executing our Back to Starbucks strategy," Starbucks told The Wall Street Journal in a statement Thursday, referencing Chief Executive Brian Niccol's plan to bolster sales and improve the café experience. "We have strong momentum and confidence in our long-term growth potential," the company said. Starbucks has a more than $100 billion market value. Its shares traded down over 3% Thursday after the Financial Times reported that the company had worked with advisers to explore a potential deal for Chipotle in recent months, while Chipotle's shares rose around 7%. (Starbucks shares have recovered a bit and are now down 1.7% on the day.) A potential tie-up would rank as one of the biggest restaurant deals ever and task Niccol-Chipotle's former chief-with reviving two of the country's most recognizable chains simultaneously. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 08, 2026 15:54 ET (19:54 GMT)
By Heather Haddon
Starbucks said it was focused on its existing strategy in response to a news report that the coffee giant explored a takeover deal for Chipotle.
"Our team is laser-focused on executing our Back to Starbucks strategy," Starbucks told The Wall Street Journal in a statement Thursday, referencing Chief Executive Brian Niccol's plan to bolster sales and improve the café experience. "We have strong momentum and confidence in our long-term growth potential," the company said.
Starbucks has a more than $100 billion market value. Its shares traded down over 3% Thursday after the Financial Times reported that the company had worked with advisers to explore a potential deal for Chipotle in recent months, while Chipotle's shares rose around 7%. (Starbucks shares have recovered a bit and are now down 1.7% on the day.)
A potential tie-up would rank as one of the biggest restaurant deals ever and task Niccol-Chipotle's former chief-with reviving two of the country's most recognizable chains simultaneously.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
October 08, 2026 15:54 ET (19:54 GMT)
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