American fast food chains snagged by food safety scandal in China

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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.

 

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