REUTERS — Beyond Meat has engaged with a group of bondholders to initiate discussions about a balance-sheet restructuring, the Wall Street Journal reported. The group of bondholders, which has interests in Beyond Meat’s $1.1 billion of convertible notes, is working with law firm Akin Gump Strauss Hauer & Feld on the restructuring, said the news […] Read more
Tag Archives Beyond Meat
Plant-based food comeback?
WINNIPEG — The stock chart for Beyond Meat Inc. is not a happy story. In October 2020, Beyond Meat was trading around US$190 per share. This winter and spring the stock was $7 to $9 per share, which means the California company is now worth about $500 million. That’s down from $12 billion in 2020. […] Read more
Plant-based meat business remains half cooked idea for now
Beyond Meat, Inc., founded in 2009, has had almost 15 years to build a product line that is — as its name claims — beyond meat and, by some business metrics, it has. After all, the company, whose market capitalization was pegged at $1.3 billion when it went public in 2018, recently reported April-to-June 2023 […] Read more
