Thndr Claps » U.S. Claps » Food & Beverage 🍕 » Kroger strikes partnership with Impossible Foods🌿
The Clap👏America’s largest supermarket chain “Kroger” (NYSE: KR) has partnered with Impossible Foods to develop plant-based meat substitutes.
Partnership deets🧐The partnership aims to provide plant-based meat substitutes at a lower price point than the industry’s average, especially in the face of rising meat costs in recent months.
This isn’t Kroger’s first venture into plant-based meat substitutes, which has been releasing meat alternatives since 2020.
The bigger picture🖼News of the partnership sent shares of Impossible Foods’ main competitor, “Beyond Meat” (NASDAQ: BYND), sinking more than 7% as analysts see the move as a threat to Beyond Meat.
While Impossible Foods isn’t publicly listed, a Reuters report almost a year ago said the company could go public sometime in 2022.
© Thndr. All rights reserved
Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved
Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.
This is why we introduced Thndr Thinkers💭
Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!
Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts
Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!
Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours
Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.
Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers
No promotional content🚫 We don’t publish promotional content.
Any questions about becoming a Thndr Thinker? Email firstname.lastname@example.org and we’d be happy to help!
Normally, your article will be published within 24 hours of submission (if you followed the guidelines)