Impossible Foods No Longer Seeking McDonald's Agreement --Reuters
January 07 2020 - 5:59PM
Dow Jones News
--Impossible Foods is no longer seeking a deal with McDonald's
Corp. (MCD), Reuters reported Tuesday.
--Beyond Meat Inc. (BYND) shares rose 12.5% to $83.89 during the
regular session, declining 2.3% to $81.94 after hours.
--Impossible Foods Chief Executive Pat Brown told Reuters that
"having more big customers right now doesn't do us any good until
we scale up production." The company's existing fast-food products
include the Impossible Whopper at Restaurant Brands International
Inc.'s (QSR) Burger King.
Full story:
https://www.reuters.com/article/us-impossible-foods-mcdonald-s-corp-excl/exclusive-impossible-foods-abandons-pursuit-of-mcdonalds-burger-deal-idUSKBN1Z62GJ
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 07, 2020 17:44 ET (22:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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