Kamis, 01 Agustus 2019

Impossible Foods' 'Whopper' goes nationwide at Burger King - Yahoo Finance

FILE- This Jan. 11, 2019, file photo shows the Impossible Burger in Bellevue, Neb. After months of shortages, Impossible Foods is partnering with a veteran food production company to ramp up supplies of its popular plant-based burgers. (AP Photo/Nati Harnik, File)

Impossible Foods’ plant-based burgers will soon no longer be so impossible to get your hands on.

Starting Aug. 5, all 7,300 Burger King locations across the country will sell the meatless Whopper – but only while supplies last – for $5.59.

In April, Burger King became the first fast-food chain to sell the Impossible burger, but it was only available at select locations. Burger King is owned by Restaurant Brands International (QSR), which also owns Tim Horton’s.

Headed to grocery stores

Impossible Foods also plans to start selling its products in grocery stores beginning this fall, now that the Food and Drug Administration has approved its key color ingredient, soy leghemoglobin. The color additive is what makes the meatless patty “bleed” like a real meat burger, giving it the look and taste of real beef.

Impossible has been able to distribute its product only by selling it in restaurants including fast food chains White Castle and Qdoba.

Growth spurt

The nationwide rollout at Burger King and its entry onto grocery shelves marks a huge growth spurt for the food startup that struggled with meeting demand just weeks ago.

Fast food chains including Red Robin complained that the company couldn’t supply them with enough product to keep up with soaring demand.

On Monday, the Redwood City, Calif.-based company announced to its distributors that a cap on ordering had been lifted and that the product was now “fully stocked.”

In order to ramp up supply, Impossible Foods has doubled the headcount in its plants in the last two months. It also entered into a manufacturing deal with the meat supplier OSI Group to expand its production capabilities.

Alexis Christoforous is co-anchor of Yahoo Finance’s “The First Trade.” Follow her on Twitter @AlexisTVNews.

Read more:

This is the No. 1 thing Snapchat has to overcome

Emerging markets 'are cheap right now': Analyst

Virgin Galactic is a 'concept stock' for investors

IBM is a 'zombie company': Analyst

Facebook has a 'trust deficit in DC': Strategist

Read the latest financial and business news from Yahoo Finance

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit.

Let's block ads! (Why?)


https://finance.yahoo.com/news/impossible-foods-whopper-goes-nationwide-at-burger-king-100034141.html

2019-08-01 10:00:00Z
52780343573317

Tidak ada komentar:

Posting Komentar