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Oatly Vegan Milk Faces Backlash After Blackstone Took Stake

by businessinsider.com posted 3weeks ago 38 views
Activists have called out Oatly's decision to partner with Blackstone, which partially owns two firms linked to Amazon deforestation. : Vegan milk brand Oatly is facing activist pressure after private equity firm Blackstone, headed by Trump-supporting billionaire Stephen Schwarzman, acquired a stake in the company. The Swedish oat-milk maker sold a $200 million stake in July to a consortium including Blackstone, Oprah Winfrey, Natalie Portman, former Starbucks CEO Howard Schultz, and Jay-Z's entertainment company Roc Nation.

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