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Premier Foods developing vegan OXO beef stock cubes - CEO

FILE PHOTO: Signage and logo are pictured outside a branch of Greggs in Liverpool

(Reuters) - Premier Foods <PFD.L> Chief Executive Officer Alex Whitehouse said on Friday, the maker of Bisto gravy and OXO cubes was developing a vegan version of its OXO beef stock cubes, to capitalise on the vegan and plant-based trend.

The company, which recently launched its plant-based Plantastic brand, was however not yet ready to launch the meat-free version of a beef-flavoured stock cube, Whitehouse said in a media call with journalists.

Bakery operator Greggs <GRG.L> launched a vegan version of its popular steak bake earlier this month, aiming to replicate the success with its meatless sausage roll that boosted its profits and helped fuel an 80% rise in its share price last year.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Shailesh Kuber)