Starbucks stock rose 21% and Chipotle shares fell 7.5% after the burrito-retailer's CEO Brian Niccol departure to take over the coffee retail chain September 9, according to CNBC.
Starbucks has suddenly replaced its chief executive after the company suffered a bigger-than-expected drop in sales.
Chipotle's stock took a hit after its CEO was poached by Starbucks, raising questions about the company's future. Is this a buy opportunity?
Starbucks tapped Chipotle CEO Brian Niccol as its latest chief executive after ousting Laxman Narasimhan. Piper Sandler, TD Cowen and Baird all upgraded Starbucks' stock in the wake of the leadership changes.
Chipotle stock is plunging Tuesday after the burrito chain said its CEO Brian Niccol is leaving to take the top spot at Starbucks. Here's what you need to know.
Starbucks tapped Chipotle Mexican Grill's head Brian Niccol on Tuesday to lead the coffee giant known for its pricey lattes amid pressure from activist investors and declining sales in the U.S. and China.
Getting a proven leader in this industry sets Starbucks up for years of success.
Starbucks stock is surging Tuesday after the coffee chain named current head of Chipotle, Brian Niccol, as its next CEO. Here's what you need to know.
Starbucks hired veteran restaurant leader Brian Niccols to lead its turnaround. The CEO was wildly successful at Chipotle.
Starbucks announced a surprise CEO change Tuesday, picking Brian Niccol as its top executive. Starbucks has struggled lately with sluggish sales and operational issues.
Starbucks (NASDAQ: SBUX ) stock is heading higher on Tuesday after the company announced that Brian Niccol is taking over as chairman and CEO of the coffee chain. This will have Niccol replacing Laxman Narasimhan as the next CEO of Starbucks.
There are big leadership changes at both companies.