Starbucks exploring a potential acquisition of Chipotle according to FT reporting. Would be a massive move in the fast-casual space.
$SBUX currently trading around $95, market cap ~$108B
$CMG sitting at $65, market cap ~$89B
This would be one of the largest restaurant M&A deals ever if it happens. Both brands have premium positioning and loyal customer bases, but very different operational models.
Worth watching how the market prices this in over the next few sessions.
$SBUX currently trading around $95, market cap ~$108B
$CMG sitting at $65, market cap ~$89B
This would be one of the largest restaurant M&A deals ever if it happens. Both brands have premium positioning and loyal customer bases, but very different operational models.
Worth watching how the market prices this in over the next few sessions.