Beyond Meat Won't Be Entering The Japanese Market Yet

Beyond Meat BYND no longer has plans to enter the Japanese market and will focus more on the U.S. market instead, according to a Reuters report.

The Japanese trading house Mitsui & Co Ltd, which has a small stake in Beyond Meat, told Reuters it no longer plans to sell plant-based meat alternatives in Japan.

Beyond Meat company has signed a deal to start producing its plant-based meat substitutes in Europe in 2020, according to a CNBC report. The company has partnered with Zandbergen World’s Finest Meat to make its vegan meat alternatives in the Netherlands at a new manufacturing facility.

Beyond Meat shares were trading down at $162.10 in Friday’s pre-market session. The stock has a 52-week high of $239.71 and a 52-week low of $45.00.

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Photo courtesy of Beyond Meat.