World News: 22:01 GMT Thursday 2nd May 2019. [Yahoo Business News Feed via SPi World News]
The money raised from the IPO gives Beyond Meat firepower to compete with its chief rival and Silicon Valley startup Impossible Foods. Plant-based substitutes for meat have been gaining popularity as more people shift towards vegan or vegetarian diets, amid growing concerns https://reut.rs/2Dri7JQ about animal welfare and the environmental hazards of intensive animal farming. Burger King and Impossible Foods last month started selling their vegan burger Impossible Whopper in 59 stores in and around St. Louis, Missouri.
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