A report from Dow Jones News said lawyers representing Beyond Meat are meeting with bondholders about a restructuring of the company’s balance sheet. These bondholders are owed more than $1 billion. In the latest quarterly report, Beyond Meat suffered a net loss of more than $54 million. That’s on top of a loss of $59 million a year earlier. Beyond Meat was launched in 2012 and produces plant-based meat alternatives.
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