- Yum Brands (NYSE:YUM) and McDonald's (NYSE:MCD) face a new food safety scare in China, having suspended orders from a Shanghai meat supplier while Chinese authorities investigate allegations that the company sold expired chicken and beef products.
- YUM and MCD apologized to customers following a TV report that showed workers picking up meat from a factory floor, as well as mixing meat beyond its expiration date with fresh meat.
- YUM has just begun to bounce back from the 2012 scare in its no. 1 market, while MCD says it may now face a product shortfall in its third-biggest market by store numbers.
- YUM -1.8% premarket; MCD -1%.
Yum, McDonald's ensnared in another China food safety scandal
From other sites
Video at CNBC.com (Jul 15, 2015)
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