Meati and Beyond Meat Go From Sizzle to Fizzle. Plus, Danone's Latest Deal

In this episode: On this episode, the CPG Week podcast team digs into the declines of two prominent plant-based brands before discussing the acquisitions of Mary's Gone Crackers and Kate Farms. Next, the hosts highlight the latest celebrity to launch a coffee brand. (Maybe a hot sauce would have been more appropriate?). Show Highlights: 0:15 - The team kicks off the podcast discussing the downfall of mycelium meat maker Meati, who is reportedly selling for $4 million – after raising a total of $450 million during its lifespan. Nosh managing editor Monica Watrous provides a rundown of recent events that led to this point. 2:15 - Beyond Meat is also on the backburner. The plant-based patty purveyor recently secured $!00 million in debt financing after a particularly brutal quarter that saw U.S. retail and foodservice sales declining by double digits. 5:00 - Senior reporter Brad Avery unpacks the sale of gluten-free pioneer Mary's Gone Crackers by a Dare Foods subsidiary. What does it mean for the company going forward? 5:55 - Danone has struck a deal for Kate Farms, a maker of plant-based baby formula. The French dairy giant expands its reach into a new segment of the market. Brad discusses why the acquisition is consistent with Danone's recently stated goals. 6:55 - Red Hot Chili Peppers frontman Anthony Kiedis is launching a coffee business (and speaking at BevNET Live!), Mid-Day Squares co-founder Jake Karls can finally eat his brand's products, and Pepsi is playing dirty in Coke's backyard. About CPG Week CPG Week is the podcast that explores the latest happenings in the consumer packaged goods industry. Join our seasoned reporting team as they dish out the week's stories in quick, easy-to-digest episodes. Catch up on the top headlines of the week, dive into exclusive insights with the BevNET and Nosh teams, and set yourself up to make more informed business decisions. Tune in to stay up-to-date on the latest developments in the dynamic world of packaged food and beverage. New episodes are released every week. Send us comments and suggestions anytime to [email protected]. Subscribe on Apple Podcasts