Pershing Square hit by Chipotle sell-off

(Hedgeweek)Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, is facing losses from its holding in Chipotle after the burrito chain’s stock tumbled on Tuesday on news that CEO Brian Niccol was jumping ship to Starbucks, according to a report by the Wall Street Journal.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Comments are closed.