BY MAXWELL RABB
Leeds-based vegan brand Meatless Farm lays off workforce after losing key investors
European vegan food brand Meatless Farm has laid off a significant portion of its workforce and is expected to go into administration. It comes as plant-based meat companies face steeper competition on all fronts.
Earlier in June, following a month-long cash crunch, Meatless Farm announced it was making most of its staff redundant. Before the decision, the company responsible for beloved food items such as plant-based minced meat and burgers hired restructuring specialists Kroll in May. The company hoped to prepare its business to find new investors or be sold. Now, in a sudden move, the company has stopped trading as it prepares for bankruptcy.
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