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Tyson Increases Investment in Vegan Brand Beyond Meat

The meat company is looking to expand its holding in the vegan company as the plant-based protein industry continues to boom.

Meat company Tyson Foods announced yesterday that it raised its holding by an undisclosed percentage in plant-based brand Beyond Meat. Tyson—the world’s largest meat producer—initially invested in the company in exchange for a five-percent stake in October and revealed this week that it participated in Beyond Meat’s most current investment round, which raised $55 million. On a recent North Carolina Public Radio show, Tyson CEO Tom Hayes explained the company’s strategy, stating that the meat giant is looking to support products that consumers want, which includes plant-based alternatives to meat. The company's popular vegan burger, the Beyond Burger, launched in the meat department at a Colorado Whole Foods Market last year and, with the help of capital funding, recently hit the milestone of 5,000 points of distribution nationwide, including grocery chains Safeway, Krogers, and Stater Bros., along with nearly 500 locations of fast-food restaurant TGI Fridays.

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Tesco Sells 2.5 Million Vegan Meals in 20 Weeks

The supermarket chain more than doubled its sales projections of new vegan line Wicked Healthy.
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Nevada Steakhouse Debuts Vegan Menu

Hank's Fine Steaks & Martinis added a separate menu with plant-based cauliflower steaks, stuffed eggplant, and two decadent desserts.
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Aussie Pub Creates Vegan Filet-O-Fish

Eatery Two-Bit Villains now hosts weekly vegan pub nights complete with plant-based popcorn chicken, nachos, and a vegan version of the popular fish-based sandwich.
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Friday's "Felicia" Opens Vegan Version of Chipotle

Actress-turned-vegan-chef Angela Means Kaaya to re-open Jackfruit Cafe—which she previously operated out of a doughnut shop—this summer.
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Meaty Vegan Shop Sister Seitan Opens in UK

New woman-owned restaurant Sister Seitan is slinging vegan chicken burgers and mac and cheese in Kent.
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This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

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