vegconomist - the vegan business magazine

July 6, 2020

Companies & Portraits
Beyond Meat Continues Entrance into China Through Freshippo Markets
Mainland China continues as a central focus for vegan industry as Beyond Meat announces the launch of its plant-based burger patties into Freshippo Markets, owned by Alibaba Group Holding Ltd.
Food & Beverage
Chocolate Company Lindt Announces New Vegan Range in Germany
Swiss chocolate company Lindt, a global brand with a revenue of over 4.5 billion and subsidiaries including Ghirardelli and Russell Stover, announces is adding three vegan “milk” chocolate bars to its HELLO range in Germany.
Food & Beverage
Del Taco Announces Free Delivery Service for the Beyond Meat ‘Epic Burrito’ this Weekend
Del Taco Restaurants, Inc., the second leading Mexican quick-service restaurant in the US, announces a free delivery service through the Doordash app for customers purchasing any Beyond Meat Epic Burrito or Beyond Meat Epic Burrito Meal.
Food & Beverage
Cupcake Vineyards Launches New Low-Calorie Vegan Wine Cupcake LightHearted
Cupcake Vineyards recently announced the launch of Cupcake LightHearted, the brand’s newest addition to its lineup of California wines. The drink is lower in alcohol, contains only 80 calories, and boasts less than 1 gram [...]
Products & Launches
Follow Your Heart’s First-Of-Its-Kind Feta Crumbles Now Available Nationwide
Plant-based dairy producer Follow Your Heart (FYH) recently launched its Dairy-Free Feta Crumbles Cheese Alternative. The first-of-its-kind product is now available at all Sprouts Farmers Markets, Southern California-based Vons, and Albertsons grocery stores.
Food & Beverage
First Jay-Z, Now Grammy Award Winning, H.E.R, Invests in Partake Foods’ Recent Fundraising Round
Last year, the world’s first billionaire rapper, Jay Z, invested $1M in allergen-free snack company, Partake Foods. The vegan cookie manufacturer has now announced Grammy Award-winning performer, H.E.R, and others, as its most recent investors.
Food & Beverage
Outstanding Foods Secures $5M, Introduces Los Angeles Laker JaVale McGee as Newest High Profile Investor
Outstanding Foods has announced that it has raised $5M in a funding round led by SternAegis Ventures. The company has also welcomed Los Angeles Laker, JaVale McGee, who joins the impressive line-up of celebrity investors [...]

Crowdfunding Opportunities Available at Stem + Glory, Winner of Most Investable Restaurant Concept 2020

June 26, 2020

British vegan casual dining chain Stem + Glory has embarked on a crowdfunding campaign on Seedrs, aiming to reach £400,000 with a total amount raised so far at £269,030. The vegan restaurant chain was awarded […]

Turtle Tree Labs Announces US$3.2M Seed Funding for Human Milk from Stem Cells

June 26, 2020

Singapore-based startup biotech company Turtle Tree Labs, developing the “world’s first cell-based milk”, has announced the completion of a fresh round of seed funding totalling US$£3.2M, from global investors.

Omnipork Partners with ALDI China, Launches 5 New Vegan Ready Meals in Shanghai

June 26, 2020

Following a line of successful developments from Omnipork, whose parent organisation Right Treat recently rebranded to Omnifoods when it launched the world’s first vegan SPAM product, the pioneers now announce another advancement for plantbased industry […]

McDonalds Canada Ends Trial of the PLT, Beyond Meat Shares Drop 7% and McDonalds Stock Down 1%

June 26, 2020

The trial that was taking place in McDonalds Canada for the offering of a plantbased burger called the PLT, containing a Beyond Meat patty, has come to what both parties are referring to as a […]

Nicole Rawlings, Co founder Material Innovations

Material Innovation Initiative: “Major Players in the Industry are Genuinely Excited About Next-Gen, Animal-Free Materials”

June 25, 2020

The Material Innovation Initiative (MII) is a young nonprofit collective dedicated to accelerating the advancement of next-gen materials across a spectrum of industries ranging from fashion, automotive, and home goods. The goal of the initiative […]

Spanish Meat Giant Campofrío Debuts First Vegan Product the Magic Burger, Will be Stocked Next to Fresh Meat

June 25, 2020

We are witnessing many animal meat processing companies creating plant-based divisions to keep up with the market as consumers turn to plant-based foods. Prominent Spanish meat processing company Campofrío now launches the vegan “Magic Burger” […]

Singapore’s Shiok Meats Secures $3M Bridge Funding Ahead of Series A Round

June 25, 2020

Singapore’s Shiok Meats has raised US$3 million in bridge funding from Agronomics, VegInvest, Impact Venture, and Mindshift Capital Fund in the UAE. This latest funding marks a total of US$7.6 million of investment to date […]

The Very Good Butcher, World’s Second Plant-Based IPO, Sees Shares Increase by 790% in First Week of Trading

June 25, 2020

Following the success of Beyond Meat’s IPO last year, The Very Good Food Company (VGF) was the second plant-based company to successfully launch onto the stock market when it began trade began under the ticker […]

Chinese Official Calls for National Strategy to Allow China to Keep up With Other Countries Making Progress in Cultured Meat

June 25, 2020

We have been witnessing in China the emergence of plant-based products vying to get a foothold in the market. The country’s pork industry was decimated with Swine Flu and consumers appear to be ready for […]

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