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Could Tyson Foods’ Plant-Based Nuggets Be the Beyond Meat Killer?

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1 year ago

June 14, 2019

By CCN Markets: Beyond Meat stock tumbled 4% in today’s pre-market trading following the announcement of a new competitor – Tyson Foods. The poultry powerhouse is set to enter the meatless arena later this summer, beginning with a plant-based “chicken” nugget. Beyond Meat investors pulled it together. The stock price is already back in the green for the day. Tyson Foods Is a Powerful Foe Previously an investor in Beyond Meat, Tyson Foods sold its stake in April just before the company went public. The investor-investee relationship between the two took a turn for the worse once Tyson decided to create

The post Could Tyson Foods’ Plant-Based Nuggets Be the Beyond Meat Killer? appeared first on CCN Markets

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