sharesofBeyondMeatsizzledonTuesdayafterthefakemeatcompanysaiditwouldteamupwithglobalgiantPepsicoin a jointventuretodevelopandsellsnacksandbeveragesfromplantbasedprotein.
Thiswasjustthelatestin a stringofpositivedealsfromBeyondMeat, including a distributionpactwithWalMartandinrestaurantpartnershipswiththeTacoBell, KFCandStarbucks.
Theirjointventurewillbemanagedthrough a newlycreatedentitycalledPlanetPartnership.
SharesofBeyondMeatsoared 39% ontheannouncement.
sharesofBeyondMeatsizzledonTuesdayafterthefakemeatcompanysaiditwouldteamupwithglobalgiantPepsicoin a jointventuretodevelopandsellsnacksandbeveragesfromplantbasedprotein.
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