In 2019, Beyond Meat, a plant-based meat company, went public and saw its shares nearly triple, but now aims to turn around its fortunes with a new formulation.
Beyond Meat, known for plant-based meat, went public in 2019 and saw its shares nearly triple. The company aimed for mainstream success with deals with fast-food chains and soaring sales during the pandemic, but its product still approximated real meat. Now, Beyond Meat is betting on a new formulation to turn around its fortunes. Founder and CEO Ethan Brown noted the "trough" the company faced in recent years.
June 08, 2024
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