In this file:
· Exclusive: Impossible Foods has stopped McDonald's burger talks, shares of Beyond Meat jump
· McDonald's is testing its Beyond Meat burger at more locations
· Beyond Meat Gains on Report Impossible Foods Won’t Seek McDonald’s Deal
· Meatless sausage ‘Impossible Croissan’wich’ coming to Burger King
Exclusive: Impossible Foods has stopped McDonald's burger talks, shares of Beyond Meat jump
Richa Naidu & Hilary Russ, Reuters
January 7, 2020
SAN FRANCISCO/NEW YORK (Reuters) - Impossible Foods is no longer trying to win a coveted deal to supply McDonald’s Corp (MCD.N) with plant-based burgers, telling Reuters it cannot produce enough of its imitation meat to partner with the world’s No. 1 fast-food chain.
It is the latest twist in the battle of imitation-meat makers hoping to convince more restaurants to offer their patties. But it was unclear how far talks had progressed with McDonald’s, which declined to comment on the discussions.
Shares of Impossible rival Beyond Meat (BYND.O) surged on Tuesday, closing 12.5% higher, after Reuters reported that Impossible was no longer in talks with McDonald’s.
The stock had risen earlier in the day on Impossible’s unveiling of its plant-based pork products at the International Consumer Electronics Show in Las Vegas on Monday, spurring further optimism about the sector.
Referring to McDonald’s, Impossible Foods CEO Pat Brown told Reuters in an interview that “it would be stupid for us to be vying for them right now ... Having more big customers right now doesn’t do us any good until we scale up production.”
Impossible Foods and its rivals are duking it out over...
CAPACITY ISSUES ...
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McDonald's is testing its Beyond Meat burger at more locations
· McDonald's is bringing its plant-based burger, made in partnership with Beyond Meat, to more locations in Canada.
· The so-called PLT sandwich, which includes the Beyond Meat plant-based patty alongside lettuce and tomato, will be rolled out to 52 restaurants across Southwestern Ontario from January 14 for 12 weeks.
· Fast food partnerships are a major part of Beyond Meat's growth plan. The company has also created unique menu items for different chains such as Del Taco and KFC.
Kate Taylor and Mary Hanbury, Business Insider
Jan 8, 2020
McDonald's is bringing its plant-based burger, made in partnership with Beyond Meat, to more locations.
The fast-food chain announced early Wednesday that its "PLT" burger, a plant, lettuce, and tomato sandwich that contains a Beyond Meat plant-based patty, will be available to purchase in 52 locations in Ontario, Canada from January 14 for 12 weeks.
The sandwich was previously available at 28 locations in the Ontario area.
"The initial test of the P.L.T. allowed us to learn more about guest demand and how to integrate this new menu item into restaurant kitchen operations, while delivering the P.L.T. to our guests with the level of quality and craveability they know and love from McDonald's," Jeff Anderson, a culinary innovation manager at McDonald's Canada, said in a statement to the press.
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Beyond Meat Gains on Report Impossible Foods Won’t Seek McDonald’s Deal
Deena Shanker and Jonathan Roeder, Bloomberg
via Yahoo Finance - January 7, 2020
(Bloomberg) -- Faux burger maker Beyond Meat Inc. extended stock-market gains on Tuesday following a report that its main competitor, Impossible Foods Inc., is no longer seeking a deal to be a supplier for fast-food giant McDonald’s Inc.
Impossible Foods Chief Executive Officer Pat Brown said his company wouldn’t be able to produce enough supply for such a big partnership, Reuters reported. Contacted by Bloomberg, Impossible Foods said its CEO’s comments were misinterpreted.
“Our ambition is to be everywhere,” Impossible Foods spokeswoman Rachel Konrad said. “We would never close the door, never abandon a relationship.”
The initial report sent Beyond Meat surging 12% to $83.89 at the close, the most in almost seven months. The shares pared gains in extended trading after Impossible Foods disputed the Reuters article.
McDonald’s said in an email that the Beyond Meat patties that have been tested at some Canada locations are “exclusive” for the fast-food chain “with a recipe that is made by McDonald’s, for McDonald’s.” The company didn’t mention Impossible Foods.
Beyond Meat declined to comment.
Beyond Meat may already have the inside track. In September...
Meatless sausage ‘Impossible Croissan’wich’ coming to Burger King
By Ron Hurtibise, South Florida Sun Sentinel
Jan 07, 2020
You’ve tried plant-based meatless beef. Are you ready for meatless pork?
Impossible Foods, the company that makes the “bleeding” beef substitute product in Burger King’s Impossible Whopper, is again teaming up with the Miami-based fast food chain to roll out a new meatless sausage product, Impossible Croissan’wich.
The two companies announced their newest creation this week.
Burger King plans to test-market the sandwich by the end of the month at 139 restaurants in Savannah, Ga.; Albuquerque, N.M.; Montgomery, Ala.; Springfield, Ill.; and Lansing, Mich. Expansion to other markets, including Florida, likely will depend on the sandwich’s reception among test-market consumers.
The breakfast offering won’t be for vegans. It will feature a toasted croissant, egg, cheese, as well as the meatless sausage product made with a plant-derived blood-like molecule called heme.
Availability of Impossible Foods’ meatless pork won’t be limited to Burger King.
Impossible Foods, a Silicon Valley-based startup, announced its new pork-substitute ventures, Impossible Pork and Impossible Sausage, in Las Vegas at CES 2020, a conference featuring innovative consumer technologies. After sampling Impossible Pork in various dishes, a reporter for the tech-focused website TheVerge.com declared it “a little spongy” and salty.
In November, the chain formerly known as Dunkin’ Donuts — and now just Dunkin’ — teamed with Impossible Foods’ main rival, Beyond Meat, to launch a meatless sausage sandwich at more than 9,000 locations nationwide. A reporter at BusinessInsider.com called the meatless patty “juicy, salty and well-seasoned”...