The public dispute between Miyoko Schinner and the board of the plant-based dairy company she founded heated up this week, with Schinner filing a lawsuit alleging she was forced out of Miyoko’s last year after complaining to HR about male executives who “openly denigrated women.”
As news about Silicon Valley Bank rippled through the exhibition halls at Expo West on Friday, AFN walked the show floor to catch up with key players in foodtech, from Climax Foods, showcasing the next generation of plant-based cheese, to Eat Just, which is taking “critical steps towards profitability.”
Burcon NutraScience—which developed the plant protein extraction technology utilized by Merit Functional Foods—says it will submit a formal proposal to acquire the distressed business, which went into receivership on March 1.
Tofurky’s new owner Morinaga Nutritional Foods paid north of $50m for the family-owned alt meat brand, one of the leading players in the US meat alternatives market, AFN has learned.
Meati president Scott Tassani says he remains confident his minimally-processed mushroom root-based steaks and cutlets can breathe fresh life into the North American meat alternatives category, and believes Meati can capture “20% of what we think will be a $5 billion retail market in five years.”
Sustainable Planet works with smallholder farmers in some of the world’s most arid places to produce water lentils that provide both food and income.
Beyond Meat CEO Ethan Brown faced a grilling from analysts Thursday evening as the plant-based meat firm posted a 20.6% decrease in net revenues to $79.9 million in Q4, 2022 vs Q4, 2021, with a net loss of $66.9 million.
Long-awaited FDA draft guidance on labeling for plant-based milks has been slammed by the milk lobby for its “circular logic” and criticized by plant-based advocates who say it “undercuts the administration’s climate goals.”
The dispute between Miyoko Schinner and the company she founded has grown uglier as Miyoko’s Creamery has filed a lawsuit accusing Schinner of “hatching a plot to steal company property, trade secrets, and confidential information” after being removed as CEO.
“Conflict grew around the best path forward for future growth,” says Miyoko Schinner as the board of the plant-based dairy co announced its search for a new leader after removing her as CEO from the company she founded.
The alternative protein sector was ‘overhyped, but now its demise is being over exaggerated,’ said investors at a recent industry event as the GFI unveiled results of a global investor survey suggesting a mood of cautious optimism.
Arkeon claims that ingredients are a bottleneck in the alternative proteins and is out to produce ingredients combined with vital amino acids.
Two of the biggest hurdles facing plant-based meat, says Rebellyous Foods, are price and quality-at-scale, which the Seattle-based startup is tackling head on with technology it claims can dramatically increase yields and slash labor costs.
Sales of plant-based meat have slowed in the US market following a surge in the early months of the pandemic, but the category hasn’t fallen off a cliff.
Creating sustainable meat means developing more than just the same old chicken and beef analogues, says Vow’s CEO and cofounder.
The Kitchen expects “at least half” of new investments to result from venture studio activities rather than from direct investments into existing ventures.
AFN’s most-read guest articles of the year debated the future of CEA, analyzed (a complete lack of) plant-based meat branding and more.
Despite war and market volatility, EIT Food says Eastern and Central European startups are defying the odds with continued advancements in agtech.
Keurig Dr. Pepper CEO leaves the company after just three months at the helm, while Impossible Foods makes two new C-suite hires.
Roughly 94% of agrifood corporates’ total emissions lie in their supply chain; 33% of those are linked to animal agriculture.
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