Stay updated with breaking news from Quaker breakfast. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Details 27 January 2021 PepsiCo and Beyond Meat have tied up for a joint venture named The PLANeT Partnership to develop, produce, and market innovative snack and beverage products made from plant-based protein. The joint venture taps on Beyond Meat s technology in plant-based protein development and PepsiCo s marketing and commercial capabilities to create and scale new snack and beverage options. Financial terms of the partnership were not disclosed. Joint venture operations will be managed through the newly created entity The PLANeT Partnership. Beyond Meat s shares reportedly jumped as much as 39% after the announcement of the venture, Bloomberg said. Meanwhile, there was little change to PepsiCo s shares. The joint venture comes amidst PepsiCo s longstanding efforts to help build a more sustainable food system. ....
PepsiCo, Inc. (NASDAQ: PEP) and Beyond Meat, Inc. (NASDAQ: BYND) today announced they will form The PLANeT Partnership, LLC (TPP), a joint venture to develop, produce and market innovative snack and beverage products made from plant-based protein. The joint venture will leverage Beyond Meat s leading technology in plant-based protein development and PepsiCo s world-class marketing and commercial capabilities to create and scale new snack and beverage options. Financial terms of the partnership were not disclosed. Joint venture operations will be managed through the newly created entity The PLANeT Partnership, LLC (TPP). Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet, while meeting consumer demand for an expanded portfolio of more nutritious products, said Ram Krishnan, PepsiCo Global Chief Commercial Officer. Beyond Meat is a ....
Pepsi Co, Beyond Meat Jan 26, 2021 PepsiCo and Beyond Meat announced this week that they are forming The PLANeT Partnership LLC (TPP), a joint venture to develop, produce, and market innovative snack and beverage products made from plant-based protein. The joint venture will leverage Beyond Meat s leading technology in plant-based protein development and PepsiCo s world-class marketing and commercial capabilities to create and scale new snack and beverage options. Financial terms of the partnership were not disclosed. Joint venture operations will be managed through the newly created TPP. Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet, while meeting consumer demand for an expanded portfolio of more nutritious products, said Ram Krishnan, PepsiCo Global chief commercial officer. Beyond Meat is a cutting-edg ....
Beyond Meat Soars On "Plant-Based Protein" Joint Venture With Pepsi zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.