Search This Blog

Tuesday, June 11, 2019

Nestle looks to scale up plant-based burger business

Nestle (OTCPK:NSRGY) exec Marco Settembri says the company could expand its plant-based burger sales partnership with McDonald’s (MCD+0.6%) outside of Germany or sign on new fast-food partners.
Nestle is looking to sell its Herta meat and cold cuts unit, which would free it up to scale up the meat alternatives business without competing with itself. Meanwhile, McDonald’s is widely expected to make some sort of meatless menu option announcement this year.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.