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Changing consumer tastes and new anti-obesity regulations boost wave of entrants in UK
...Additional reporting by Judith Evans...
...one of those dudes who’s, I was doing Paleo for a decade plus, now I’m almost exclusively carnivore — red meat, organ meat, can’t eat enough fat, animal fats, butter, raw milk all that stuff....
...Plant-based meat substitutes were supposed to topple King Beef bellowing from its throne. But high prices and concerns about excessive processing meant sales of faux meats have not matched the hype....
...Beyond Meat is now worth about $560mn....
...There are so many regional producers of meats, hams, jams and sourdough....
...My favourite was the thukpa, a deep soup with house-made noodles, topped with mixed meat and egg, with broth that might resuscitate....
...UK-based Meatless Farm laid off its staff in June and appointed administrators after its big shareholder SK Inc, the investment arm of South Korean conglomerate SK Group, pulled funding....
...The second issue is that plant-based meat is more expensive than the real thing. Omnivores have been trading down to cheaper cuts of animal meat....
...Alvarez & Marsal director Liam Evans said the proposal was “positive news” for consumers who travel and for businesses....
...CBOE’s BZX equities exchange features in the second chart because of just one stock, CBOE Global Markets Inc. None of this constitutes a scoop, we’ll be honest, but it’s a Friday....
...Amherst Group, a real estate investment company, has hired Evan Levy as a vice-chair and member of the executive committee. He was previously co-head of real estate at Weil....
...Walker Evans combed the country, assembling evidence of a society shot through with disarray and stoic promise....
...from bets against Beyond Meat....
...(FTAV)— Beyond Meat’s beyond awful quarter (FTAV)...
...Cargill, one of ADM’s biggest rivals, also has a goal of transitioning 10mn acres in North America to regenerative agriculture by 2030, and Brazilian meat-producer JBS has ringfenced $100mn for research...
...Silver Lake already controls about 71 per cent of Endeavor’s voting rights and its co-chief executive officer Egon Durban and managing director Stephen Evans sit on the agency’s board....
...“There are always risks when there’s new technology, which is why we’ve tried to be really thoughtful about how we’ve rolled out My AI,” chief executive Evan Spiegel told the Financial Times....
...He stresses the urgency of creating more alternative meat products as the world’s population and demand for meat grows....
...Last year JBS, a leading meat group headquartered in Brazil, closed its US plant-based meat business Planterra, while Canada’s Maple Leaf reduced the size of its venture....
...Its concept — vegetarian “meat” for the meat eater — looked plausible enough. After all, many steak lovers have an environmental conscience....
...A 45 per cent reduction in meat and dairy consumption, enabled by a switch to alternative proteins....
...Plus, we hear from Evan Henshaw-Plath, one of the creators of Twitter. Presented by Elaine Moore. Produced by Edwin Lane and Josh Gabert-Doyon, executive producer is Manuela Saragosa....
...Plant-based meats were particularly vulnerable to the squeeze on consumers, industry analysts said, because they typically retail at a premium to real meat....
...Plant Chef range after the Advertising Standards Authority said it held no evidence to back up claims that its plant-based burgers and other foods had a positive impact on the environment compared with meat...
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