Guacaccino? Starbucks Explores Chipotle Takeover In Potential Record QSR Mega-Deal

What happened: Chipotle Mexican Grill shares jumped after a Financial Times report said Starbucks has explored acquiring the chain. Starbucks executives worked with advisers on a proposal, but no formal offer has been submitted. Key numbers: Chipotle market value nearly $41.3 billion. Combined sales near $50 billion last year. Starbucks about 41,000 stores; Chipotle nearly 4,200 restaurants. Why it matters: A deal would pair Starbucks' global reach with Chipotle's restaurant model. FT said a takeover would eclipse Burger King's $11.4bn purchase of Tim Hortons in 2014.

Starbucks exploring Chipotle takeover signals potential record QSR mega-deal.

Starbucks exploring Chipotle takeover signals potential record QSR mega-deal. — impact context not separately stored; see What changed.