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Talks endedConsumer & RetailFirst reported Oct 8, 2026

Starbucks has reportedly weighed a bid for Chipotle

Reported, not announced. These deals have been reported by the outlets linked below but not confirmed by the companies, and many never happen. Not investment advice.

Update: these talks have ended. Read the latest →

According to a Financial Times report covered by Axios, Starbucks has talked with advisers in recent months about a possible takeover of Chipotle, the chain its CEO Brian Niccol used to run. Axios said it is not clear whether Starbucks has made an offer, and that a deal would be the biggest in restaurant-industry history by far, with Chipotle worth more than $41 billion.

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