Past Meat, Inc. (NASDAQ: BYND) has entered into provide offers with fast-food giants McDonald’s Corp. (NYSE: MCD) and Yum Manufacturers! Inc. (NYSE: YUM).
The announcement of the offers got here on the identical day that the choice meat maker reported a wider web loss for the fourth quarter regardless of greater revenues.
What Occurred: As a part of a three-year take care of McDonald’s, Past Meat stated it is going to be the popular provider for the patty within the McPlant, a brand new plant-based burger being examined in choose McDonald’s markets globally. The 2 corporations will even work to co-develop plant-based choices for hen, pork and egg as a part of McDonald’s broader McPlant platform.
Past Meat stated it is going to develop its partnership with Yum! Manufacturers to co-create and supply plant-based protein menu objects that will likely be unique to KFC, Pizza Hut and Taco