puts Oatly’s valuation at $2 billion
, according to The Wall Street Journal
, which first reported the news. The financial infusion could set the stage for Oatly to go public
in the next 12 to 18 months or to be acquired, the Journal reported.
Fletcher said reports of a future acquisition or IPO are “just rumors right now. We’re keeping all options open.”
Sales of oat milk and plant-based dairy alternatives have soared in recent years
and accelerated during the Covid-19 pandemic, as consumers stocked up on shelf-stable food staples.
Multinational companies are stepping up their offerings
as well. Earlier this week, Nestlé (NSRGY)
and Starbucks (SBUX)
announced that Starbucks-branded non-dairy, almond milk and oat milk creamers were launching nationwide