Move would reunite chief executive Brian Niccol with chain he led before joining coffee company two years ago
Starbucks has explored a takeover of Chipotle Mexican Grill, the Financial Times reported on Thursday, in a move that would reunite chief executive Brian Niccol with the burrito chain he led before joining the coffee giant two years ago.
The potential deal comes as restaurant chains wrestle with uncertain demand from inflation-weary consumers and rising operating costs, prompting companies to look for new avenues of growth while facing pressure to improve profitability.
Continue reading...
