Given the “fragility of its financial situation and the weak consumption patterns in the meat alternatives category,” Beyond Meat faces an “existential threat,” say analysts at TD Cowen.
Like everything else, food is political. But becoming embroiled in the culture war isn’t good for alt meat, says the CEO of Impossible Foods.
Plant-based egg and cultivated meat co Eat Just has raised a new round of financing led by The Ahimsa Foundation, a private foundation supported by VegInvest.
Six months after the board’s ugly spat with its namesake founder became public, plant-based dairy co Miyoko’s Creamery has a new CEO. We caught up with Stuart Kronauge —who takes the helm next week—to discuss what’s next for the brand.
NotCo has exited the refrigerated plant-based milk segment in the US and is now focused on building its presence in the shelf-stable category.
Beyond Meat CEO Ethan Brown faced a grilling from analysts after posting a grim set of second quarter results and a reduced forecast for the full year.
San Francisco-based plant-based chicken startup Nowadays has ceased operations due to an inability to raise ventures funds in this market,” AgFunderNews has learned.
New York based LIVEKINDLY Collective (LKC) has expanded its plant-based portfolio with the acquisition of Glendale, California-based Alpha Foods.
Miyoko’s Creamery has appointed ex-Coca-Cola executive Stuart Kronauge as CEO following the recent departure of interim president Jon Blair.
Oatly has slashed full year forecasts and revamped its strategy in Asia after a weak performance in China and slower than expected progress in the US.
Twelve staff were let go with severance agreements at plant-based dairy co Miyoko’s Creamery this week, AgFunderNews has learned. The move follows a round of layoffs of a similar scope in February.
US retail sales of plant-based meat alternatives have continued to decline, falling 12.6% to $106.8m in the five weeks to July 2, with units down 19.8% year-over-year.
Tattooed Chef—best known for its plant-based bowls, zucchini spirals, and plant-based pizza—intends to file for bankruptcy protection.
Plantible Foods—a startup extracting a highly functional protein from the aquatic plant lemna—has opened a 140-acre lemna farm in Texas and launched its first product: a plant-based egg replacer it claims can “outperform eggs.”
UK-based alt meat brand VFC has acquired distressed meat-free brand Meatless Farm, which laid off most of its staff earlier this month after a key investor expected to provide a capital injection backed out.
The US Patent Trial and Appeal Board (PTAB) has agreed to review a patent granted to Impossible Foods following a petition by Motif FoodWorks, which is being sued by Impossible for patent infringement.
Jon Blair is stepping down as interim president at Miyoko’s Creamery at the end of the month, AFN has learned. A replacement has not been announced.
Loss-making UK-based plant-based meat startup Meatless Farm has laid off most of its staff after failing to secure additional funds to help it stay afloat.
Impossible Foods’ lawyers did not violate rules of professional conduct by hiring private investigators to pose as potential customers in order to obtain product information and samples from Motif FoodWorks as the companies clashed over IP, a court has ruled.
Miyoko Schinner and the board of the plant-based dairy company she founded have agreed to bury the hatchet, withdraw their respective lawsuits and end their very public spat.
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