U.S. coffee chain giant Starbucks is considering acquiring Mexican food chain Chipotle Mexican Grill, the Financial Times reported online on the 8th, citing people familiar with the matter. Chipotle operates about 4,200 stores, mainly in the United States, and has expanded into Canada, the United Kingdom, and South Korea, though it has no locations in Japan. According to the people familiar with the matter, Starbucks has spent the past few months exploring a takeover offer for Chipotle, which has a market capitalization of about 41 billion dollars, or roughly 6.5 trillion yen. However, because the deal would be large, there is a possibility it may not come to fruition.
Chipotle Mexican Grill IncStarbucks is reportedly exploring a takeover offer for Chipotle, a potential M&A event for the target.
Starbucks CorporationStarbucks is weighing a large ~$41B acquisition of Chipotle, but the deal may not come to fruition.
