It’s the Ranch It Up Radio Show Herd It Here Weekly Report!  A 3-minute look at cattle markets, reports, news info, or anything that has to do with those of us who live at the end of dirt roads.  Join Jeff ‘Tigger’ Erhardt, the Boss Lady Rebecca Wanner aka ‘BEC’ by subscribing on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel.

EPISODE 95 DETAILS

Beyond Meat Rumored To File Chapter 11 Bankruptcy

Plant-Based Beyond Meat Rumored Bankruptcy, They Deny

According to TheStreet.Com, Beyond Meat, the plant-based meat company has reported falling sales and dwindling cash. Beyond Meat recently hired a corporate restructuring expert and has let go of 44 employees in North America (6% of its global workforce). Sales in the second quarter dropped by nearly 20% year-over-year.

Beyond Meat pushed back against rumors that it has filed bankruptcy, calling recent media reports “unequivocally false.” The statement comes amid a highly publicized and difficult financial period for Beyond Meat.  The company, which played a key role in establishing the market for hyper-realistic meat analogues when it launched in 2009, has seen sales stagnate as the market becomes more competitive and consumers move away from “ultra-processed” alternative proteins.

REFERENCES:

https://www.thestreet.com/restaurants/beyond-meat-is-headed-to-chapter-11-bankruptcy

https://plantbasednews.org/news/economics/beyond-meat-denies-filing-for-bankruptcy/

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AND how is that? Because of Tigger & BEC… Live This Western Lifestyle.

Tigger & BEC represent the Working Ranch world by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner.

Learn more about Jeff ‘Tigger’ Erhardt & Rebecca Wanner aka BEC here: TiggerandBEC.com

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