Reading Time: 2 minutes Major fast-food chains McDonald’s and Subway are both expanding their rollouts of plant-based Beyond Meat products in Canada, beyond the range of their initial tests. McDonald’s Canada announced Wednesday it will expand the test marketing of its “P.L.T.” burger from its 28 stores in London, Ont. to also include 52 in Kitchener-Waterloo, Guelph and surrounding […] Read more
Subway, McDonald’s expand Beyond Meat rollouts in Canada
Major grocers roll out plant-based burgers, undercut Beyond Meat
Reading Time: 3 minutes Chicago | Reuters — Cashing in on rising demand for imitation meat, major retailers including Kroger and Walmart recently began to carry Beyond Meat’s plant-based burgers and sausages. Now, several stores are creating similar products that will compete with Beyond Meat. Kroger Co., the biggest U.S. grocer, on Wednesday rolled out its own line of […] Read more
McDonald’s reiterates beef support during Beyond Meat test-drive
Reading Time: 3 minutes The world’s biggest burger chain has aimed to reassure Canadian beef producers that its trial run of a plant-based burger doesn’t mark a retreat from the company’s primary protein. McDonald’s CEO John Betts, in a statement issued Friday directly to “our valued partners in the beef industry,” said he wants beef producers “to hear from […] Read more
Ontario to host global test for McDonald’s pulseburger
Reading Time: 2 minutes The biggest quick-service dining chain on the planet is set to use southwestern Ontario as the global test market for its first foray into Beyond Meat. McDonald’s announced Thursday it will run a 12-week test for a plant-based burger it calls the “P.L.T.” exclusively at 28 restaurants in the region starting Monday. “This test allows […] Read more
Tim Hortons retreats from Beyond
Reading Time: 2 minutes Tim Hortons is dialing back its Beyond Meat marketing in Canada and will keep the plant-based meat substitute on its sandwich menus in Ontario and British Columbia alone. The coffee-and-donut chain, an arm of Toronto-based Restaurant Brands International and Canada’s biggest fast-food chain by number of outlets, first test-marketed breakfast sandwiches with the U.S. company’s […] Read more
Big Ag wants a cut of booming fake-meat market
Reading Time: 4 minutes Winnipeg/Chicago | Reuters — Bunge, one the world’s biggest grain traders, recently disclosed the 1.6 per cent stake it had purchased in the fast-growing fake-meat startup Beyond Meat. The play looked smart after the stock surged more than 250 per cent since the faux burger and sausage maker’s initial public offering in May. Indeed, Beyond […] Read more
KFC to test plant-based nuggets, wings
Reading Time: < 1 minute Reuters –– Yum Brands said on Monday it will be testing plant-based nuggets and boneless wings at an Atlanta KFC restaurant, the latest fast-food chain trying new options to attract vegan diners. The quick-service fried chicken restaurant will nationally roll out the vegan menu items, produced by U.S. processor Beyond Meat, based on the customer […] Read more
Subway to test-market plant-based ‘meatball’ subs
Reading Time: 2 minutes The world’s biggest fast food chain by number of outlets plans to test-market plant-based meat substitute at some of its Canadian and U.S. restaurants starting next month. Subway on Wednesday announced a “culinary innovation partnership” with Los Angeles-based processor Beyond Meat, beginning with a “Beyond Meatball Marinara” submarine sandwich to be tested at 685 Canadian […] Read more
Bunge posts profit on South America, gain from Beyond Meat investment
Reading Time: 2 minutes Chicago | Reuters – Agricultural commodities trader Bunge Ltd swung to a profit in the second quarter from a year-ago loss, helped by improved results at its South American operations. Bunge also reported an unrealized gain from the company’s stake in Beyond Meat Inc, meaning it could profit from the plant-based burger venture if it sells its nearly […] Read more
Beyond Meat shares crumble on stock offering surprise, demand for meatless burgers soars
Reading Time: 3 minutes Reuters – Beyond Meat Inc’s shares tumbled on Monday on plans for another stock offering just three months after its IPO while demand for its plant-based burgers and sausages prompted an increase in its full-year sales forecast. Trading was volatile and shares fell more than 12 percent after hours on news of a 3.25 million […] Read more
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