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Monde Nissin points to more pain for Quorn meat-free sales

Monde Nissin has flagged a fourth quarterly decline in meat-free sales as the Quorn brand owner continues to face challenges in the category.

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Unusual businesses of 2021

Three big businesses stood out in 2021 for me: Mynt, Monde Nissin, and Converge.

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Europe Meat Alternatives Market 2021 Industry Key Trends, Demand, Growth, Size, Review, Share, Analysis to 2028

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Quorn owner Monde Nissin files for IPO

Quorn meal bowls on sale in the UK, February 2021 Philippines-based food group Monde Nissin, home to Lucky Me instant noodles and Quorn meat-free products, has filed documents for a share offer in its home market. Monde Nissin, which also makes a range of baked goods, plans to issue 3.6bn shares in the business at PHP17.50 each in order to raise PHP63bn (US$1.3bn). The company said the proceeds from the listing would be used to boost production of its noodles in the Philippines and output at UK-based Quorn Foods, which it acquired for GBP550m (then US$831.2m) six years ago.

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Quorn owner Monde Nissin said to be weighing IPO

Quorn owner Monde Nissin said to be exploring IPO option Philippines food and drinks group Monde Nissin, which owns the UK-based Quorn Foods business, is said to be exploring a potential initial public offering in Manila that could raise as much as US$1bn. News agency Bloomberg, citing unnamed sources, said Monde Nissin, which also counts the Lucky Me! instant noodle line in the Philippines among its brands, has been discussing plans for a first-time share sale with potential advisers and that a listing could happen this year. But Bloomberg pointed out its sources said deliberations on the prospective move are at an early stage and the company may decide not to proceed with a listing.

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