Beyond Meat
| Use attributes for filter ! | |
| Stock price | BYND |
|---|---|
| Disclaimer | |
| Founders | Ethan Brown |
| Founded | Los Angeles |
| California | |
| United States | |
| Headquarters | El Segundo |
| California | |
| United States | |
| Number of employees | 400 (June 29, 2019) |
| Parent organizations | Savage River Inc. |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2426034 |
About Beyond Meat
Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes founded in 2009 by Ethan Brown. The company's initial products became available across the United States in 2012. The company has products designed to simulate chicken, beef, and pork sausage.
Have we had our fill of fake meat?
... But Beyond Meat s quest for perfection has left shoppers cold...
Cost of living: Beyond Meat hit as shoppers shift to cheaper animal protein
...By Annabelle LiangBusiness reporterVegan food firm Beyond Meat has seen its sales plunge by almost a third as the rising cost of living pushes shoppers to buy cheaper animal protein...
Sausage maker Heck cuts vegan range as appetite drops
... Beyond Meat, which makes a plant-based range including burgers, sausages and chicken, suffered a slump in sales last year, blaming obstacles with consumers around taste, perception of health benefits and price...
After the hype plant-based proteins face leaner times
... Beyond Meat, was one of the brightest starts of the alternative meat sector...
Beyond Meat executive exits after biting incident
...By Natalie ShermanBusiness reporter, New YorkThe Beyond Meat executive who was accused of biting a man s nose is leaving the vegan food company...
Beyond Meat: Vegan food executive accused of biting man's nose
...Vegan food giant Beyond Meat s chief operating officer has been arrested for reportedly biting a man s nose during a row in the US...
CES 2020: 'pork made from the plant was brought to life by Impossible Foods
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Pea power: Can the humble crop save the planet?
... Perhaps the best known is Beyond Meat, which makes plant-based meat products, and this year floated on the stock market, worth $1...
Beyond Meat executive exits after biting incident
By Natalie ShermanBusiness reporter, New York
The Beyond Meat executive who was accused of biting A Man 's nose is leaving the vegan food company.
The Company , known for its plant-based burgers, had suspended Douglas Ramsey, then chief operating officer, indefinitely after The Incident .
His departure comes amid a broader shake-up at The Company , which is struggling with faltering demand for Fake Meat .
The Firm also said it was axing 200 staff, about 20% of its workforce.
" We believe our decision to reduce personnel and expenses throughout The Company , including our leadership group, reflects an appropriate right-sizing of our organization given current economic conditions, " Beyond Meat boss Ethan Brown said.
" We remain confident in our ability to deliver on the long-term growth and impact expected from our global brand. "
Beyond Meat , which started selling its plant-based food in 2012, has blamed cost-of-living pressures for pushing shoppers to less expensive options, including traditional meat.
The Company has also seen its edge eroded by a wealth of new competitors, including from food giants such as Kellogg and Tyson Foods .
Executives warned investors on Friday that sales this year are likely to fall 9% to 14% compared to 2021.
It is The Second time The Company had cut its forecast in recent months - and marks a sharp slowdown from the More Than 20% growth The Firm had initially projected.
The Company said it had been " negatively impacted by ongoing softness in the plant-based meat category overall, especially in the refrigerated subsegment, and by the impact of increased competition".
" Inflation is believed to be an underlying factor exerting pressure on the category as consumers trade down into cheaper forms of protein, including animal meat, " it added.
Beyond Meat had announced an earlier round of job cuts in August. Multiple executives in addition to Mr Ramsey have also left The Company in recent weeks.
The Company did not respond to a request for comment about Mr Ramsey.
He was arrested last month for reportedly biting A Man 's nose during a row after a football game in Arkansas. His last day was 14 October, The Company said.
Before joining Beyond Meat Last Year , Mr Ramsey had a three-decade career at meat processing giant Tyson Foods , where he oversaw The Company 's poultry and McDonald's business units.
Source of news: bbc.com
