Beyond Meat says it 'co-created' a plant-based burger that will be part of McDonald's McPlant lineup
Nov 10, 2020, 01:22 IST
- McDonald's announced on Monday it is developing a McPlant plant-based lineup, which could eventually include burgers, "chicken," and other menu items.
- The fast-food chain previously teamed up with Beyond Meat to test a meat-free burger in Canada earlier this year.
- "McPlant is crafted exclusively for McDonald's, by McDonald's," Ian Borden, the president of the company's international business, said in a presentation for investors on Monday.
- Beyond Meat's shares dropped more than 10% after McDonald's announced its plans for McPlant on Monday.
- "Beyond Meat and McDonalds co-created the plant-based patty which will be available as part of their McPlant platform," a representative for Beyond Meat told Business Insider.
- After the news that Beyond Meat co-created the patty broke on Monday afternoon, the plant-based meat maker's shares shot up.
- Neither Beyond Meat nor McDonald's immediately responded to Business Insider's request to clarify if there is an ongoing partnership between the two companies.
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