Trusted News Discovery Since 2008
{{/content}}
Starbucks gains $27 billion in a day on new ‘dream’ CEO
Credit: IndiaTimes- Published on August 14, 2024
Starbucks' shares jumped 25% with the hiring of Chipotle CEO Brian Niccol, enhancing its market capitalization by $21.4 billion. Analysts endorsed the appointment, crediting Niccol's successful tenure at Chipotle. They believe this move could mark a new chapter for Starbucks, potentially bringing significant improvements.