Restructuring, downsizing in the works for Quorn: report

Quorn’s woes only seem to deepen.

For the third quarter of 2024, parent company Monde Nissin Ltd. reported an after-tax loss for its Meat Alternatives unit (Quorn) of ₱2.05 billion (US$35 million) on net sales of ₱10.1 billion (US$172.4 million); its after-tax loss was greater in 2023 by 22%.

For the first nine months of the year, the Meat Alternatives business reported ₱10.1 billion (US$172 million) in net sales and an after-tax loss of ₱655 million (US$11.2 million) on…