Sponsored by Energy Trust

American fast food chains snagged by food safety scandal in China

| Print |  Email
Tuesday, July 22, 2014

 

Forbes: Workers at a meat supplier in China were shown reusing meat that had fallen to the factory floor, as well as mixing fresh and expired meat. The company then distributed the meat to KFC and McDonald's restaurants in the Shanghai area.

Combined, Yum!, KFC’s parent company, and McDonald’s have more than 8,000 restaurants in China. Yum! is especially reliant on KFC’s huge presence there, as China accounts for more than half of the company’s worldwide sales.

Yum! shares fell about 4% on Monday after the news, and McDonald’s shares sank 1%.

Read more here.

 

ThForbes: Workers at a meat supplier in China were shown reusing meat that had fallen to the factory floor, as well as mixing fresh and expired meat. The company then distributed the meat to KFC and McDonald's restaurants in the Shanghai area.e PForbes: Workers at a meat supplier in China were shown reusing meat that had fallen to the factory floor, as well as mixing fresh and expired meat. The company then distributed the meat to KFC and McDonald's restaurants in the Shanghai area.ortland-based manufacturer will lay off as many as 70 workers this year when it shutters its aging production line.

 

More Articles

Streetfight

News
Sunday, December 07, 2014
BY LINDA BAKER

On Friday, Uber switched on an app — and with one push of the button torpedoed Portland’s famed public process.


Read more...

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


Read more...

Crowdfunding 2.0

News
Tuesday, December 02, 2014
120214-crowdfund-thumbBY LINDA BAKER

A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.


Read more...

Corner Office: Timothy Mitchell

January-Powerbook 2015
Saturday, December 13, 2014

A look-in on the life of Norris & Stevens' president.


Read more...

Three problems with Obama's immigration order

News
Wednesday, November 26, 2014

BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR112614-immigration-thumb

By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.


Read more...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...

Top 10 stories of 2014

The Latest
Thursday, December 18, 2014
10-listthumbBY LINDA BAKER

2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS