Browsing tag

plant milk

Plant-Based Milk Giant Oatly Confidentially Files For U.S. IPO With Possible US$10 Billion Valuation

3 Mins Read Oatly, the Swedish food tech behind one of the most recognisable plant-based milk brands on the market, has just confidentially filed to go public. The Blackstone-backed company’s listing will take place once the U.S. Securities and Exchange Commission (SEC) completes its review process.  Malmo-headquartered Oatly has submitted plans for an initial public offering to regulators, […]

Oatly Could IPO This Year As Oat Milk Sees Triple-Digit Sales Growth

3 Mins Read Oatly, one of the most famous plant-based milk brands on the market backed by the likes of Oprah and controversial investment firm Blackstone, could be launching an IPO this year. The move to go public would come at a time when oat milk sales have surged to become the second most popular in the fast-growing […]

Asia Expansion: Oatly Launches In Singapore Where 1/3 Consumers Don’t Know About Plant-Based Milk

4 Mins Read Oatly, the world’s most famous oat milk brand, has recently landed in Singapore as part of its ambitions to grow its presence across Asia, a region where the dairy market is ripe for disruption. Now available across the city-state’s largest supermarket chains and e-commerce platforms, as well as all Starbucks locations island-wide, the Blackstone-backed plant-based […]

We Asked Oatly About The Blackstone Deal & Here’s What They Said

8 Mins Read Oatly is the world’s most famous oat milk brand to date and millions of plant-forward consumers are fans of their milks, yogurts, creams and ice cream products that are entirely made from plants. Even the biggest coffee chain in the world, Starbucks, has partnered with the brand in multiple countries to make sure customers get […]

Plant-Based Milk Maker Oatly Raises US$200M In Celeb-Studded Blackstone-Led Round At US$2 Bil Valuation

3 Mins Read Oatly, the Swedish plant-based oat milk maker, has just announced that it has drawn a US$200 million investment from Blackstone Growth, a group under multinational financial services giant Blackstone, and some of the biggest names in entertainment such as Oprah Winfrey, Natalie Portman, and Starbucks’ chief executive Howard Schultz. The news comes amid a wave […]

America’s Dairy Giants Are Going Bankrupt As Plant-Based Milk Takes Over

3 Mins Read Borden Dairy, one of America’s largest milk producers and distributors, has just filed for bankruptcy, the second major dairy company in the United States to fall in less than two months. The company, which was founded in 1856, cited the rising costs of raw dairy milk and the industry’s market challenges from the plant-based industry […]

Health, Wellness & Fitness Festival IRIS Returns To Central Harbourfront This Month

2 Mins Read On the weekend of the 21st – 22nd September, Hong Kong’s largest outdoor fitness and wellness festival IRIS will return to Central Harbourfront to showcase more than 80 activities and experiences. In addition to ticketed talks, meditation and movement activities, there will also be a free-entry marketplace comprised of 70 health and lifestyle brands from […]

Nongfu Spring: Company Launches China’s First Vegan Yogurt Brand Made From Walnuts, Coconut & Almond

3 Mins Read After three years of research and development, the first “mainstream” vegan yogurt alternative by Nongfu Spring is now commercially available to Chinese consumers. The new vegan range by the Chinese food giant will feature three flavours made by fermenting plant milks. This comes at a time when plant-based products have become increasingly popular in China, […]

Starbucks & Co: It’s Time To Scrap Your Plant-Based Milk Tax

2 Mins Read A spokesperson for global campaign Veganuary described the surcharge for customers ordering coffee with plant-based milks in many cafés a “vegan tax”, and that it should be removed to encourage people to try vegan options. Given that Asia is home to a large lactose-intolerant population, companies that charge customers extra for choosing plant-milk are not […]