By CHLOE, the vegan restaurant chain owned by BC Hospitality Group, filed for bankruptcy with plans to sell itself by mid-February of 2021. The business cites the pandemic and the resulting loss of customers as the reason, stating that a “complete reorganization of the company is necessary for by CHLOE to emerge and thrive long-term”.
Vegan e-retailer TheVeganKind.com announces that growth since COVID has been such that it has relocated to a new 35,000 sqft facility in Glasgow, in the second time the company has had to upgrade in two years; in 2018 it was based in a 3,000sqft warehouse, meaning the new base is over eleven times bigger.
The Meatless Farm yesterday announced that it will launch into Britain’s largest food retailer Tesco this month, as the company continues its success with +25% of demand year-on-year. Tesco has also revealed this week the extension of its plantbased Wicked Kitchen line as well as the expansion of its buget line Plant Chef.
A report from The Plant-Based Foods Association (PBFA) and SPINS provides data for the US which evidences the strength of the plant-based food market. An example summarised is that since the initial spikes caused by panic buying, plant-based meat sales have maintained continued growth whilst animal meat sales continue to decline.