Where Will Beyond Meat Be in 10 Years?
Four years ago, Beyond Meat (NASDAQ: BYND) welcomed Tyson Foods (NYSE: TSN) as a minority investor. Beyond Meat CEO Ethan Brown believed the best way to grow the plant-based meat market was by partnering with, not opposing, entrenched animal-protein incumbents like Tyson.
This move was controversial at the time, motivating Brown to explain his rationale to stakeholders in a press release. But now, looking back, it's clear Tyson's investment helped his small company begin to realize its goal of becoming a mainstream food option.
Tyson exited its Beyond Meat investment in 2019. So should investors expect Beyond Meat to partner with another major animal-protein company in the near future? Not a chance. Brown has clearly stated his company is entering a new phase of its journey. He doesn't want to partner with Tyson -- he wants Beyond Meat to become a Tyson-caliber business, maybe even within the next decade.
Source Fool.com
