Beyond Meat

Producer of plant-based meat substitutes

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November 2023 Beyond Meat announces additional layoffs after continued declining sales, with Q3 2023 sales falling approximately 9%.
October 2022 Beyond Meat reduces workforce by 19%, approximately 200 employees, due to revenue declines.
September 2022 Beyond Meat's stock price falls to an all-time low, 93% lower than its July 2019 peak and 74% lower than the start of 2022.
July 2022 McDonald's ended testing of the McPlant burger in the USA after poor sales in 600 restaurants, though the product remains available in several European countries.
2021 Beyond Meat expanded its product range in the UK by introducing 'Beyond Mince', a plant-based meat alternative to ground meat.
2021 Beyond Meat began full-scale production at its first end-to-end manufacturing facility in Jiaxing, Zhejiang, China, marking its international manufacturing expansion.
September 2021 Beyond Meat announced it would begin selling vegan chicken tenders in retail stores, including Walmart.
February 2021 Beyond Meat began testing the McPlant in Denmark and Sweden.
February 2021 Beyond Meat started a partnership with McDonald's and Yum Brands to develop plant-protein based menu items for KFC, Taco Bell, and Pizza Hut.
January 2021 Beyond Meat and PepsiCo announced a joint venture called The PLANeT Partnership to develop and market plant-based snacks and drinks.
January 2021 Taco Bell announced a collaboration with Beyond Meat, initially as a test and then as a permanent option for a new plant-based protein food.
January 2021 Beyond Meat announced plans to open a new global headquarters in El Segundo, CA, with intentions to significantly expand their R&D team, potentially housing three to four times the current number of team members.
2020 Beyond Meat launched an e-commerce site to sell products directly to consumers.
2020 Beyond Meat acquired a manufacturing facility in Devault, Pennsylvania, expanding its production capabilities.
November 2020 Beyond Meat announced a collaboration with McDonald's for development of the McPlant option, a plant-based patty and chicken substitute.
November 2020 Beyond Meat announces sales growth of only 2% year-on-year, significantly lower than the expected 40%, due to COVID-19 impact on foodservice sales.
September 2020 Beyond Meat expanded distribution of Beyond Meatballs by rolling out the product to select grocery stores across the United States.
2019 Beyond Meat launched Beyond Meatballs, introducing a plant-based meatball alternative through a partnership with Subway in their Beyond Meatball Marinara sub.
2019 Beyond Meat discontinued its original chicken strip product after mixed reviews from journalists who found its likeness to real chicken only 'tolerable, at best'.
July 2019 Dunkin' Donuts announced they would begin selling breakfast sandwiches using Beyond Meat's Meatless Sausage product in Manhattan, with plans for national distribution on 6 November 2019.
May 2019 Beyond Meat goes public on the Nasdaq exchange under the symbol BYND, becoming the first plant-based meat analogue company to do so. The company is valued at $3.8 billion and has a market cap of $9.44 billion.
April 2019 Tyson Foods sells its 6.5% stake in Beyond Meat and exits the investment.
March 2019 A civil suit was filed against Beyond Meat by its former business partner Don Lee Farms, alleging breach of contract and raising concerns about food safety protocols.
2018 Beyond Meat established a Research and Development (R&D) laboratory in El Segundo, California, expanding their innovation capabilities.
June 2018 Beyond Meat opened its second production facility in Columbia, Missouri, significantly expanding its manufacturing space by three-fold.
October 2016 Tyson Foods purchases a 5% stake in Beyond Meat.
2013 Beyond Meat begins receiving venture funding from various investors including GreatPoint Ventures, Kleiner Perkins, Obvious Corporation, Bill Gates, Biz Stone, the Humane Society, and Tyson Foods.
2012 Beyond Meat launched its first product, frozen chicken strips designed to emulate chicken, licensed from Harold Huff and Fu-Hung Hsieh at the University of Missouri.
2012 Beyond Meat launched its initial plant-based meat products in the United States, marking the company's first commercial market entry.

This contents of the box above is based on material from the Wikipedia article Beyond Meat, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.

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