Beyond Meat surges to an 18-month high on deal with PepsiCo
Shares rise as much as 39% on news Beyond will partner with beverage giant PepsiCo
26 January 2021 - 21:45
Bengaluru — Beyond Meat said on Tuesday it had formed a joint venture with PepsiCo to develop and sell snacks and beverages made from plant-based protein, sending shares of the faux-meat maker to an 18-month high.
The deal was the latest in a run of marketing successes for Beyond which include a distribution deal with Walmart, and partnerships with restaurants including Taco Bell, KFC and Starbucks...
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