Swedish oat-milk maker Oatly has sold a $200 million stake to a group led by private-equity giant Blackstone Group that includes Oprah Winfrey, Natalie Portman, former Starbucks chief Howard

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2020-09-02

By Ben Dummett, Miriam Gottfried and Juliet Chung . Swedish oat-milk maker Oatly AB has sold a $200 million stake to a group led by private-equity giant Blackstone Group Inc. that includes Oprah In a classic ‘cancel culture’ move, many have characterised the deal as a sell-out by Oatly, prompting calls to boycott the brand. This reaction demonstrates how polarised online debate has become, and how out of touch it often is with the market economy. Those that have called for boycotts characterise Blackstone as an unethical operator.

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Swedish oat-milk maker Oatly AB has sold a $200 million stake to a group led by private-equity giant Blackstone Group Inc. that includes Oprah Oatly sold its £150million stake to a group of investors lead by firm Blackstone Blackstone's CEO Stephen Schwarzman is a long-time friend of Donald Trump Schwarzman donated £2.8m ($3.7m) to Blackstone’s CEO is a major donor to Donald Trump’s reelection campaign (Picture: Getty) Oatly customers are vowing to take their business elsewhere after the company has been accused of In July, the red-hot vegan milk brand Oatly sold a 10% stake for $200 million to a group of investors led by Blackstone Growth and including Oprah Winfrey, Natalie Portman, Jay Z’s Roc Nation In July, vegan milk brand Oatly sold a 10% stake for $200 million to a group of investors led by Blackstone. Now Oatly fans are threatening boycotts. Vegan milk brand Oatly is facing protests by climate and political activists who say the decision to sell a stake in the company to a consortium that includes Blackstone, a powerful private equity firm headed by Trump donor Stephen Schwartzman, has left a sour taste. By Ben Dummett, Miriam Gottfried and Juliet Chung . Swedish oat-milk maker Oatly AB has sold a $200 million stake to a group led by private-equity giant Blackstone Group Inc. that includes Oprah In a classic ‘cancel culture’ move, many have characterised the deal as a sell-out by Oatly, prompting calls to boycott the brand. This reaction demonstrates how polarised online debate has become, and how out of touch it often is with the market economy. Those that have called for boycotts characterise Blackstone as an unethical operator.

Oatly currently sells its plant beverages in 20 countries and intends to use the funds to  14 Oct 2020 Ambitious, ethically-minded firms may, at times, accept backing from – or agree to be sold to – bigger businesses with a less than spotless  31 Aug 2020 The Swedish firm sold its stake to a group of investors - including Oprah Winfrey and Natalie Portman - lead by Blackstone. Blackstone's CEO  1 Sep 2020 Blackstone is a private equity firm with $554 billion in investments across basically every type of business you can think of.

14 Jul 2020 Oatly, the Swedish company that pioneered the oat milk category find speculators trying to sell 12 packs of Oatly barista edition online in the US for $200. The Blackstone Group investment in Oatly is led by Blacks

Foto: Daniel Nilsson. Skövling av  Ytterligare ett kritiserat bolag sällar sig till ägare av Oatly. Riskkapitaljätten Blackstone Group går in med 200 miljoner dollar, motsvarande 1,8  Vegan milk brand Oatly is facing protests by climate and political activists who say the decision to sell a stake in the company to a consortium that includes Blackstone, a powerful private equity Swedish oat milk maker Oatly has sold a $200m stake to a group led by private equity giant Blackstone Group that includes Oprah Winfrey, Natalie Portman, former Starbucks chief Howard Schultz and the entertainment company founded by Jay-Z.

Oatly sells to blackstone

Oatly gains momentum in its global plant-based movement and fuels expansion with a $200 million equity investment led by Blackstone Growth 14 July 2020 Malmö, Sweden and New York, July 14, 2020 – Oatly, the Swedish sustainable food company, today announced that it has further bolstered its plant-based movement through an agreement to invest

Oatly is facing a consumer backlash with some pledging to boycott the brand after it sold a stake to a group of investors led by a private equity consortium Blackstone. The investment was part of a $400 million funding package – half was secured through a green-deal bank loan which commits Oatly to ensure that all of its investments are in sustainable solutions. Oatly publicly defended Blackstone’s investment in the company, explaining that the move was meant to drive more large investors to fund green and sustainable brands.

Oatly sells to blackstone

Combined with the increasing popularity of veganism over lockdown , the demand for and popularity of oat milk rose, with Oatly dominating the market. Swedish alternative-dairy company Oatly is facing protests by climate and political activists over its decision to sell a stake to Blackstone, a private equity firm that is blamed for contributing to deforestation in the Amazon, reported The Guardian (Sept. 1). Oatly, the Swedish sustainable food company, today announced that it has further bolstered its plant-based movement through an agreement to invest $200 million in equity led by Blackstone Growth (“BXG”). Additional investors in the funding round include Oprah Winfrey, Roc Nation, Natalie Portman, former Starbucks Chairman and CEO Howard Schultz, Orkila Capital, and Rabo Corporate And yes, Oatly is a Swedish company, from the very same town where Fredrik has lived his whole life: Malmö.
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Oatly sells to blackstone

This appears to be a lose-lose situation, but we could also be proven wrong. In that Oatly could change Blackstone. Jul 20, 2020 • 3 min read. Oatly - the plant-based milk alternative that rose to prominence in the US and around the world because the product itself is 'kinder to the planet' - has drawn some sharp criticism, and seriously pissed off some of their loyal customers, for taking a significant investment from Blackstone Group.

According to the oat drink maker, only a fraction of venture capital ends up in sustainable events, and had it selected a green investor instead for funding, Oatly would have ‘become a fractional part of that tiny fraction’. Oatly gains momentum in its global plant-based movement and fuels expansion with a $200 million equity investment led by Blackstone Growth 14 July 2020 Malmö, Sweden and New York, July 14, 2020 – Oatly, the Swedish sustainable food company, today announced that it has further bolstered its plant-based movement through an agreement to invest $200 million in equity led by Blackstone Growth Oatly customers see this differently and call for a boycott of the products in social networks. Many feel deceived, like a Twitter user who reacts to Oatly's statement by saying: “Seriously Oatly?
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2020-07-14

Combined with the increasing popularity of veganism over lockdown , the demand for and popularity of oat milk rose, with Oatly dominating the market.

24 Jul 2020 The Filmmaker, Fredrik Gertten and The Advocate, Leilani Farha discover that a plant-based milk company, Oatly, sold 10% of the company to 

CEO Stephen Schwarzman is a long-time friend of Trump and is his largest campaign donors. Han ifrågasätter om Oatly kan prata om en hållbar värld utan att tala om social hållbarhet. Nu fortsätter kritiken att växa och flera kaféer i Sverige, Tyskland, Storbritannien och Finland väljer att bojkotta företaget. Men det är ingenting som får Oatly att förändra någonting rent praktiskt i samarbetet med Blackstone. So here we have it: 10% may not be enough for Oatly to have a say in changing Blackstone from inside out.

Swedish alternative-dairy company Oatly is facing protests by climate and political activists over its decision to sell a stake to Blackstone, a private equity firm that is blamed for contributing to deforestation in the Amazon, reported The Guardian (Sept. 1).