A Beyond Meat Customer Becomes a Competitor
Both Kellogg and Hormel announced fake meat products on Wednesday. It was Kroger's (NYSE: KR) turn on Thursday.
The supermarket chain plans to roll out a new collection of plant-based products under its private-label Simple Truth brand, offering yet another plant-based option for consumers. Beyond Meat (NASDAQ: BYND), an imitation meat pioneer, will now have to fend off competing products from one of its customers.
Image source: Kroger.
Source Fool.com
