Trade

Beyond Meat IPO Estimated at $1.2Bn, Tyson Sells Shares

Beyond Meat will be the first plant-based meat company to go public next week;  8.75 million shares will be sold at between $19 and $21 per share, with the funds allowing the company to raise $183 million for R & D and expanded manufacturing capabilities. If Beyond Meat stock eventually sells at the top end of this bracket, the company will be valued at $1.2 billion.

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beyond sausage

© Beyond Meat

Top Stories

Demand for Beyond Sausage Grows as Retailers Stock The Plant-Based Links in The Meat Case

Beyond Sausage becomes the first plant-based sausage to be sold in the meat case at thousands of new stores across the US, including Jewel-Osco, Kroger, Publix, Ralphs, Sprouts, Vons, Wegmans and Shop-Rite. With this expansion, Beyond Meat respond to the exponential trend in the US; according to the Good Food Institute, U.S. sales of plant-based foods now exceed $3.7 billion, with sales of plant-based meat up 23% in the last year.

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Beyond_Beef

©Beyond Meat

Products & Launches

Beyond Meat Unveils New Beyond Beef

Beyond Meat today debuted its latest breakthrough in plant-based food innovation – a minced beef (ground beef) alternative called Beyond Beef, said to have the meaty taste, texture and versatiliy as ground beef, but with the added health and sustainability benefits of plant-based meat. Beyond’s highly sought-after burgers and sausages are already available in more than 35,000 restaurants, grocery stores, universities, hotels, stadiums.

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Society

Top Athletes Invest in Beyond Meat

According to Business Wire, 14 current and former top athletes have now invested in Beyond Meat. They are also championing a new campaign called ‘Go Beyond’, which was launched to highlight the positive effects that such athletes have experienced after changing to a plant-based diet.

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Products & Launches

Vegan Beyond Burger now available nationwide in Germany

Demand for the Beyond Burger in the USA remains high and has far exceeded all expectations. The PHW Group now announces the launch of the Beyond Meat Burger in Germany. In addition, wholesaler METRO will also launch Beyond Burger at the end of November in over 100 of their wholesale stores in Germany. The Beyond Burger was listed via the METRO Trading Office in Rotterdam in cooperation with NX-FOOD.

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Trade

Beyond Meat Hires Investment Banks for IPO

The well-known American vegan food manufacturer Beyond Meat has, according to a CNBC report, begun to hire various investment banks for a future IPO. The planned IPO (Initial Public Offering) will be the first public offering by an innovative new company producing vegan and vegetarian meat products.

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