China food scandal drags in Starbucks, Burger King, McNuggets in Japan


The latest food scandal in China is spreading fast, dragging in Starbucks (NASDAQ:SBUX), Burger King (NYSE:BKW) and others, as well as McDonald’s (NYSE:MCD) products as far away as Japan.

SBUX says some of its cafes previously sold products containing chicken originally sourced from a firm that was shut down Sunday by local regulators for using expired meat and picking up meat from the floor to add to the mix.

BKW and Papa John's (NASDAQ:PZZA) say they have stopped using food products supplied by the closed firm.

McDonald’s and KFC parent Yum Brands (NYSE:YUM) apologized yesterday to Chinese customers after discovering the firm supplied expired meat to the two chains.

From other sites
Comments (4)
  • Clayton Rulli
    , contributor
    Comments (3424) | Send Message
     
    when they say "meat" do they mean real "meat" like from a farm animal that has eyes and ears and lungs, or do they mean "meat" as in worm castings and other trimmings treated with chemicals that enable this so called "meat" to be fit for human consumption?
    22 Jul 2014, 08:15 AM Reply Like
  • SivBum
    , contributor
    Comments (2767) | Send Message
     
    The Chinese authorities need to track down the executives of the supplier and punish them severely. We saw some problems with US supplies selling diseased cows and bovines to consumers, none of the executives go to jail as well.

     

    Strangely, there was no publicity on patrons at those fast food joints got sick eating the soylent green.
    22 Jul 2014, 08:47 AM Reply Like
  • citizenleung
    , contributor
    Comments (324) | Send Message
     
    These are the risks companies take when they do business in China.

     

    I'm surprised China hasn't found a way to steal KFC's or Coca-Cola's recipe already.
    22 Jul 2014, 09:58 AM Reply Like
  • Mikitrade
    , contributor
    Comments (11) | Send Message
     
    China is simply reckless in guidelines for "people" food. Payola, Baby, Payola!
    22 Jul 2014, 03:31 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs