Wall Street going vegan as Oatly IPO nears
May 18, 2021
Oatly, a Swedish company that manufactures a substitute for milk, will go public this week and the company is expected to see its valuation rise to $10 billion in the process. The attractiveness of the company’s stock is in line with greater consumer acceptance of healthier and more sustainable food options, a trend that Oatly addressed in its prospectus. “We have a bold vision for a food system that’s better for people and the planet,” the company wrote.
Recent News
Starbucks Releases Summer Menu Selections
As summer dawns, Starbucks has unveiled its seasonal lineup, featuring the debut of the Summer-Berry Starbucks Refreshers beverages, available beginning May 7 in the U.S.
Live Nation Addresses Unlikely Breakup Amid Looming DOJ Lawsuit
In a recent discourse addressing the specter of a Department of Justice (DOJ) lawsuit, Live Nation’s chief financial officer and president, Joe Berchtold, offered insights into the impending legal predicament.
Instacart Partners With Uber Eats for Restaurant Delivery
The two delivery giants are working together to serve customers.
California Bill Could Force Stores To Close Self-Checkouts
A California bill could change regulations on self-checkouts in stores. Some businesses may have to discontinue this service altogether.