Starbucks Takeover of Chipotle Seen as Unlikely -- Market Talk
Dow Jones2026/10/09 15:411141 ET - A Starbucks takeover of Chipotle Mexican Group seems unlikely, D.A. Davidson analysts Matt Curtis and Andrew Tompkins write in a note. They peg the odds of a deal at around 20%. Such a deal would be transformational for Starbucks, which shares few areas of overlap with Chipotle, they write. "SBUX has never pursued large, transformative acquisitions, as past acquisitions have been much smaller brands it could integrate into its existing business," they write. Still, there are some strategic rationales for the deal for both companies: a new growth lever for Starbucks and a substantial premium and international infrastructure for Chipotle. A deal would also be a homecoming for Starbucks CEO Brian Niccol, who oversaw Chipotle's turnaround from 2018 to 2024. (elias.schisgall@wsj.com) (END) Dow Jones Newswires October 09, 2026 11:41 ET (15:41 GMT)
1141 ET - A Starbucks takeover of Chipotle Mexican Group seems unlikely, D.A. Davidson analysts Matt Curtis and Andrew Tompkins write in a note. They peg the odds of a deal at around 20%. Such a deal would be transformational for Starbucks, which shares few areas of overlap with Chipotle, they write. "SBUX has never pursued large, transformative acquisitions, as past acquisitions have been much smaller brands it could integrate into its existing business," they write. Still, there are some strategic rationales for the deal for both companies: a new growth lever for Starbucks and a substantial premium and international infrastructure for Chipotle. A deal would also be a homecoming for Starbucks CEO Brian Niccol, who oversaw Chipotle's turnaround from 2018 to 2024. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
October 09, 2026 11:41 ET (15:41 GMT)
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