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“Beyond Meat factory riddled with mold, other dirty conditions: leaked documents” One of Beyond Meat’s key factories was reportedly riddled with mold, bacteria and other health-related concerns, according to leaked evidence provided by a former employee. A leaked internal document revealed Beyond Meat products manufactured at the plant had tested positive for the harmful bacteria…
“Beyond Meat shares slip below IPO price in volatile trading” Shares of Beyond Meat reversed course to gain as much as 12% in volatile trading after opening below their initial public offering price for the first time on Thursday following the vegan meat maker’s bigger quarterly loss. Shares tumbled as much as 22% to a record low of…
“#Beyond Meat shares fall 19% amid slowing veggie burgers demand” Shares of Beyond Meat slumped as much as 19 percent Friday after the faux meat maker signaled slowing demand at restaurants and grocers with a weak sales forecast, raising questions on whether its business is nearing saturation. Sales of its plant-based meat fell at several fast-food chains in the third quarter, when…
“#Bezos-backed fake meat and dairy company NotCo raises $235M” NotCo, a Jeff Bezos-backed, fake meat and dairy company, has just joined the unicorn club. The Chilean-based company, which uses an artificial intelligence program called Giuseppe to make plant-based milk and meat products, said Monday it has raised another $235 million in a funding round that…
“#Beyond Meat launches meat-free chicken tenders in US eateries” Beyond Meat brought back a chicken offering to its product portfolio with the launch of plant-based chicken tenders on Thursday as the faux-meat maker looks to capitalize on booming demand for meat alternatives amid a shift toward healthy eating in the pandemic. The company is launching the product in around…
“#Vegan fake-meat takes China by storm” The country that currently consumes about half of the world’s pork is rapidly moving toward a vegan revolution. China has an $86 billion meat market and is responsible for eating 28% of the global supply, with the average Chinese person devouring 11 pounds of meat annually. But that may…
“#Beyond Meat inks deal with PepsiCo for snacks, drinks” Beyond Meat’s shares are sizzling on the news that it will launch a new line of snacks and beverages with PepsiCo. The El Segundo, Calif-based fake meat company on Monday announced a joint venture with the snacks and soda giant called PLANeT Partnership, sending Beyond Meat’s…
“#Impossible Foods to lower food prices” Impossible Foods is chopping its wholesale prices for the second time in less than a year as demand for its fake meat soars, the company said. The latest cut will slice 15 percent off the cost of the Redwood City, California, company’s plant-based patties and sausages — a reduction…
“#McDonald’s to launch McPlant burger in 2021 to take on the Impossible Whopper” After the success of Burger King’s Impossible Whopper, McDonald’s today revealed it will be widely rolling out its own plant-based option next year: say hello to the McPlant. Yes, that’s the actual name they’re going with. McDonald’s announced it would begin testing…
“#McDonald’s to launch ‘McPlant’ burgers next year” McDonald’s said Monday it will begin testing a new veggie burger next year called the “McPlant.” The world’s biggest restaurant chain has “created a delicious burger that will be the first menu option in a plant-based platform,” said Ian Borden, president of McDonald’s International. The McPlant line also…