French Plant-Based Seafood Brand OLALA! Announces Closure Due to Insufficient Turnover
OLALA!, a French producer of plant-based seafood alternatives, has announced that it is ceasing operations after three years. On LinkedIn, OLALA! explained that it had not found its market and had failed to achieve sufficient turnover to sustain itself. The brand said food service companies had a strong resistance towards paying extra for plant-based products, even when they have sustainability and health benefits. OLALA! expressed gratitude to its team, investors, distributors, and wholesalers for their contributions over the past few years, and also thanked customers such as Kumo, EXKi, Land&Monkeys, VEGETAL FOOD, and Nausicaa Centre National de la Mer. Additionally, the company apologised to suppliers who had been left with unpaid invoices due to the closure. “A page is turning” A year ago, OLALA! announced …
