Beyond Meat shelves plans for Japan push, Mitsui says
- 5 years ago
Beyond Meat Inc has shelved plans to enter Japan, according to a Japan-based investor.
Beyond Meat will focus more on the U.S. market.
It recently bolstered funding to fuel an expansion and beat out emerging faux-meat rivals.
Japanese trading house Mitsui & Co Ltd bought a small stake in Beyond Meat in 2016.
Mitsui previously planned to partner with the U.S. company to sell plant-based meat alternatives in Japan.
However, there was no longer such a project.
Beyond Meat will focus more on the U.S. market.
It recently bolstered funding to fuel an expansion and beat out emerging faux-meat rivals.
Japanese trading house Mitsui & Co Ltd bought a small stake in Beyond Meat in 2016.
Mitsui previously planned to partner with the U.S. company to sell plant-based meat alternatives in Japan.
However, there was no longer such a project.