OTLY - Oatly expands McDonald's partnership in Austria

2023-03-20 08:28:28 ET

Oatly Group AB ( NASDAQ: OTLY ) announced a new partnership with McDonald’s to bring its products to McCafe locations across Austria.

The Swedish dairy alternative provider said that its products will be available across locations starting this month. Specifically, Oatly’s Barista Edition will be offered at locations across the Central European country.

"We’re excited to partner with McDonald’s Austria and commend their commitment to providing their guests with great-tasting drink options that are better for the planet,” says Roland Griesebner, Country Manager Austria at Oatly. “For Oatly, our partnership with McDonald’s Austria allows us to introduce our best-selling product to a wider audience.”

Oatly stock slipped nearly 4% in premarket trading on Monday despite the new partnership .

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