A report from Bloomberg says that Beyond Meat is in talks with private investors to borrow as much as $250 million.
It is assumed that the money will go towards paying down the company’s billion-dollar debt.
Beyond Meat made similar pleas back in 2024 with Goldman Sachs, but a deal was never finalized.
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“Getting this across the finish line is crucial to providing certainty to our farmers and ranchers.”
Wholesale egg prices decreased by 64% from their peak in late 2024, while retail prices have dropped by 27%, according to a recent USDA update.
“We’re actually seeing a decline in the prevelence of vegan, vegetarian diets. We’re seeing more interest in meat protein in general.”
