Financial system3 hours ago (Jan 06, 2022 05: 27PM ET)
© Reuters. FILE PHOTO: A Kentucky Fried Chicken (KFC) logo is pictured in North Miami Sea journey, Florida, U.S. April 6, 2017. REUTERS/Carlo Allegri/File Portray
By Hilary Russ
NEW YORK (Reuters) -Yum Manufacturers Inc’s KFC restaurants will originate promoting plant-based mostly mostly fried “chicken” from Beyond Meat (NASDAQ:) Inc right by the united states on Jan. 10 for a runt time, KFC talked about on Tuesday.
Beyond shares rose extra than 7% in after-market buying and selling. KFC, Yum’s excellent trace, had nearly 4,000 restaurants within the united states on the cease of 2020, in accordance to a regulatory submitting.
KFC began finding out Beyond’s plant-based mostly mostly chicken in August 2019 in Atlanta and expanded to extra areas the next year.
In February 2021, Yum and Beyond announced a world partnership to originate plant-based mostly mostly menu items for Yum’s KFC, Taco Bell and Pizza Hut over “the next several years.”
Most significant mercurial-food chains had been vying for partnerships with faux meat makers as they add vegan and vegetarian menu solutions. Beyond rival Not likely Foods Inc is working with Burger King, a unit of Restaurant Manufacturers Global (NYSE:) Inc.
Prices for the Beyond Fried Chicken at KFC will originate at $6.99 in most areas but will vary by region.
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