Beyond Meat surges after coffee chain Tim Hortons launches vegan sandwiches

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Shares of Beyond Meat rose as much as 16per cent on Wednesday after Restaurant Brands International Inc's coffee chain Tim Hortons said it had ...

REUTERS: Shares of Beyond Meat rose as much as 16per cent on Wednesday after Restaurant Brands International Inc's coffee chain Tim Hortons said it had launched breakfast sandwiches with the vegan burger marker's plant-based sausages.Advertisement

Beyond Meat's shares have nearly doubled since its debut on the New York Stock Exchange earlier this month, taking its market capitalization to US$5.35 billion at a high of US$91.80. German discount supermarket chain Lidl in a statement on Wednesday said it would be the country's first grocery chain to offer Beyond Meat burgers during a trial period starting May 29.Beyond Meat's burgers and sausages are also featured on U.S. fast-food restaurants Carl's Jr and White Castle's menus.

 

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