Beyond Meat building long term relationships with big brands
Posted by nainternational on October 31st, 2019
Wall Street analysts have had their say on Beyond Meats new test with McDonald’s in Canada, and they believe it has gone just okay. Beyond Meat founder and CEO Ethan Brown, who has helped design and create the plant based beef substitute in between the McDonald’s bun, believes the assessment by the analysts is way off point based on the sales numbers he has.
In a statement issued by CEO Ethan Brown he said “Everything I am seeing, I feel very optimistic about the long-term relationship with McDonald’s. If we are successful in this test — which everything is pointing in that direction — we should see a national expansion. But that’s up to McDonald’s, not me. McDonald’s began a small test with the plant based burger supplied by beyond meat in 28 of its Ontario restaurants on the 30th of September. The newly marketed burger being named the P.L.T (Plant, Lettuce, and Tomato).Investors in Beyond Meat and McDonald’s have long awaited a tie up for both companies, which could see a huge growth for both companies.
About the Authornainternational
Joined: October 30th, 2019
Articles Posted: 5
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