Beyond Meat Gains on Report Impossible Foods Won’t Seek McDonald’s Deal
A sandwich made with plant-based pork product is served at the Impossible Foods booth during CES 2020 in Las Vegas.
Photographer: Bridget Bennett/BloombergThis article is for subscribers only.
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.