© Quorn

Investments & Finance

Monde Nissim CEO Provides Financial Support to Quorn from Family Fortune, Confident Growth Will Return

Henry Soesanto, CEO and major shareholder of Monde Nissim Corp., has announced he is to provide financial support for its alternative meat company Quorn via MNSG Holdings, a family business.  In April, Monde Nissin took an impairment charge of over $350 million on Quorn (acquired in 2015) due to the plant-based industry’s headwinds in the UK and globally. Now, Soesanto has pledged to backstop new impairment losses by backing the Quorn with his family’s fortune for the next ten years. The meat-free market is encountering challenges, due to macroeconomic conditions affecting Europe and the USA. However, it is reasonable to assume that growth will come back, he told Inquire.Net.  The news comes only months after Marlow Foods, the parent company of Quorn, launched its ingredients …


Tempty Foods

© Marlow Ingredients/Tempty Foods

Fungi, Mushrooms & Mycelium

Denmark’s Tempty Foods Becomes First Brand to Use Mycoprotein by Marlow Ingredients

In April, Quorn’s parent company Marlow Foods announced that it was creating an ingredients division to make its mycoprotein available to other manufacturers. Now, Denmark’s Tempty Foods is set to become the first brand (other than Quorn itself) to use the protein. Tempty is already available in Denmark’s food service sector, and was the first Danish company to ever offer mycoprotein-based products. The partnership with Marlow will allow it to further expand and accelerate growth. “The introduction of Marlow mycoprotein into our products will give us a sustainable and competitive edge. It will also empower us to continue creating next-generation alternatives that focus on the key values of taste and nutrition, rather than imitating meat,” said Martina Lokajova, CEO and co-founder of Tempty Foods. “Huge …


Marlow Foods

© Marlow Foods


Quorn Parent Company Marlow Foods Creates Ingredients Division, Making Mycoprotein Available to Manufacturers

Marlow Foods, the parent company of leading UK  brand Quorn, is set to make its hero ingredient mycoprotein available to other food and beverage manufacturers. Derived from fungi, mycoprotein is rich in protein and fiber and low in saturated fat. Studies indicate that it can boost healthy gut bacteria, along with reducing the intestinal genotoxins that cause bowel cancer. The ingredient also uses 90% less land and water than beef, while generating 98% fewer carbon emissions. After producing mycoprotein for over 40 years, Marlow has created a new division called Marlow Ingredients to make the protein available to other producers. The ingredient will initially launch in Europe, before expanding further afield. The move is part of the company’s mission to become a net-positive business by …