Oatly Continues Expansion Into Food Service; Coffee Fellows To Bring Oatly Barista To All Locations Across Europe
Portfolio Pulse from Benzinga Newsdesk
Oatly Group AB (NASDAQ:OTLY) has announced a partnership with Coffee Fellows, one of Germany's largest coffee chains, to make Oatly Barista available in 275 of its locations across Germany, Austria, Belgium, Luxembourg, and the Netherlands. The move is part of Oatly's expansion into the food service sector and aims to double sales of oat drink by the end of 2024.
October 30, 2023 | 12:31 pm
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NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could see a minor impact from Oatly's expansion in Europe through its partnership with Coffee Fellows.
While Oatly's expansion in Europe could potentially impact the European market, the effect on the Vanguard FTSE Europe ETF (VGK) is likely to be minor given the diversified nature of the ETF. Therefore, the impact on VGK's stock price is expected to be neutral in the short term.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 50
POSITIVE IMPACT
Oatly's partnership with Coffee Fellows to offer Oatly Barista in 275 locations across Europe could boost the company's sales and expand its market presence.
The partnership with Coffee Fellows, a large coffee chain, provides Oatly with a significant opportunity to increase its sales and expand its market presence. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100