McDonald’s Corp, working to resume sales of beef and chicken in China this week after a supplier was accused of repackaging old meat, said the situation is hurting its sales in Asia. “McDonald’s businesses in China, Japan and certain other markets are experiencing a significant negative impact to results,” the US fast-food company said in a filing on Monday [4 August 2014]. While McDonald’s said it cannot yet estimate the full effect on 2014 earnings, the areas affected make up about 10 percent of consolidated revenue and the company’s global same-store sales forecast for the year is “at risk”…Full Article: China Daily Aug 2014
- In Hong Kong, McDonald’s had to stop selling fresh corn cups, green salad and fresh lemon tea since these items were primarily sourced from OSI processors in Hebei and Gaungzhou.
- In July 2014, Shanghai Husi, a division of US-based OSI Group LLC, was found to have sold expired meat to McDonald’s, Pizza Hut, Papa John’s, Seven-Eleven and FamilyMart (Japan-based convenience store).