Posted on Feb 2, 2023
Class-action lawsuits alleging Beyond Meat deceived consumers about protein content will be...
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Equal opportunity offending time...Beyond Meat is facing a combined lawsuit from several class action lawsuit over deceptive metrics about product nutrition.
Class-action lawsuits alleging Beyond Meat deceived consumers about protein content will be...
Posted from nbcnews.com
Lawsuit
Chicago
Food Production
Nutrition
Posted >1 y ago
Responses: 1
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LTC Eugene Chu
..."Beyond Meat announced last fall it would be laying off 200 workers. That was on top of a 4% reduction in its workforce announced in August. According to the food industry news website FoodDive, the company has missed revenue targets and cut its annual projections.
Its nearest rival, Impossible Foods, has also struggled, and this week announced it would cut its workforce by 20%.
A recent Bloomberg News feature called plant-based meat alternatives "a flop," quoting one analyst as saying regular meat-eating consumers are “just not that into it."
..."Beyond Meat announced last fall it would be laying off 200 workers. That was on top of a 4% reduction in its workforce announced in August. According to the food industry news website FoodDive, the company has missed revenue targets and cut its annual projections.
Its nearest rival, Impossible Foods, has also struggled, and this week announced it would cut its workforce by 20%.
A recent Bloomberg News feature called plant-based meat alternatives "a flop," quoting one analyst as saying regular meat-eating consumers are “just not that into it."
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