Plant-based meat manufacturer Beyond Meat expects a valuation of about $1.2 billion when its shares start trading publicly on the Nasdaq, according to new regulatory filings. The US market for meat replacements rose close to 22% last year and 18% in 2017, based on data from Euromonitor International.
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Tyson Foods has divested its 6.5% interest in plant-based meat producer Beyond Meat, which this week filed for an initial public offering. "Tyson Ventures is pleased with the investment in Beyond Meat and has decided the time is right to exit. ... [Tyson] plans to launch an alternative protein product soon with market testing anticipated this summer," said Tyson spokesman Worth Sparkman.
Target has launched an eco-friendly line of household cleaning products called Everspring, which has such items as dish soap and laundry detergent. The sustainable brand offers prices around 20% lower than competing products, and it will eventually have nearly 70 items.
Ahold Delhaize, ALDI, Whole Foods Market, Sprouts Farmers Market and Target are among the top retailers that have pledged to reduce hydrofluorocarbons. ALDI has announced plans to install HFC-free refrigeration systems to an additional 100 stores this year, while Sprouts continues to be an active participant in the EPA's GreenChill Partnership.
Uptown Dallas' new Tom Thumb supermarket tailors its offerings to the more than 10,000 urban residents downtown. Take-home meals and specialty foods are core areas of focus, with sushi chefs, self-serve mochi ice cream and other grab-and-go items, along with a bar featuring indoor and outdoor seating.
Cargill executives prefer to keep the firm private and haven't held any internal conversations about potentially listing as a public firm, said CEO Dave MacLennan at the World Economic Forum in Davos, Switzerland. "I love being privately owned -- we can take a longer-term view," he said.