Beyond Meat Inc has shelved plans to enter Japan, according to a Japan-based inv...
FILE PHOTO: Products from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, U.S., June 5, 2019. REUTERS/Mike Blake/File Photo
Japanese trading house Mitsui & Co Ltd , which bought a small stake in Beyond Meat in 2016, said it previously planned to partner with the U.S. company to sell plant-based meat alternatives in Japan, but there was no longer such a project. El Segundo, California-based Beyond Meat sells pea-based burgers and sausages at restaurants and in supermarkets, and its shares have surged around 550% since their May IPO on expectations for growing demand for meat alternatives. It has also followed on with a secondary offering, which closed earlier this week.
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