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"KFC (YUM) will pay a heavy price for its failures," goes an editorial in China Daily. The...

"KFC (YUM) will pay a heavy price for its failures," goes an editorial in China Daily. The government looks ready to let the contamination issue pass, but KFC's brand is now diminished in China, writes the Board, and consumers will "vote with their feet."
Comments (13)
  • The KFC issue is nothing compared to the huge problem in China with food contamination in everything. "..A 2011 study published in the Chinese Journal of Food Hygiene estimated that more than 94 million people in China become ill each year from bacterial food-borne diseases, leading to about 8,500 deaths annually..." http://nyti.ms/W1PXoM
    26 Dec 2012, 10:38 AM Reply Like
  • Yeah but they have 1.5 billion people....and.....
    26 Dec 2012, 10:44 AM Reply Like
  • True but thats still 6.2% of the population.
    That would be 21.9 million people in the U.S.

     

    Now I have to agree with your second comment that we have to look at how they prepare their food alongside the supply chain and even what was their food contamination rate pre U.S. fast food chains coming there.
    26 Dec 2012, 12:09 PM Reply Like
  • Anyone with a strong stomach should read the following:

     

    Chengdu hot pot restaurant caught recycling peppers from trash:
    http://bit.ly/UmnIEc

     

    Three weeks ago, I was in China for 10 days although not in Chengdu. Damn, I am feeling nauseous.
    26 Dec 2012, 10:49 AM Reply Like
  • you should see some of the things they eat...and how they prepare it...to pass judgment with western ideals is wrong...they like dog..and bugs..and things that go bump in the night..they eat it all
    26 Dec 2012, 10:58 AM Reply Like
  • I suspect the main reason that KFC was singled out in that article was because they did not make enough "contributions" to the corrupt CCP officials.

     

    Pretty much anything said the the China Daily is suspect, as it is considered to be a semi-official (ie, state run) publication, similar to CCTV. Hong Kong and Taiwan newspapers are much more reliable.
    26 Dec 2012, 10:58 AM Reply Like
  • Yup. This comes from a country that put anti-freeze is in its toothpaste and melamine in its baby formula.

     

    KFC is probably the healthiest stuff they can eat :)
    26 Dec 2012, 11:01 AM Reply Like
  • I just think before you pass comment you should go to China and have a look around. Yes I got out of Yum when I saw the writing on the wall, I had a good ride and will be watching the stock for a while, but folks not everything in China is as you might believe......
    26 Dec 2012, 11:26 AM Reply Like
  • You are naive to look at YUM as China only. Any stock is about it's potential and YUM is just getting started in India, Russia, Africa and Indonesia.
    27 Dec 2012, 04:05 AM Reply Like
  • i sort of makes me laugh if anyone believes that KFC will not grow in china
    no one can keep the people from enjoying their fast food
    unless there is really an issue with the bacteria in KFC chicken which doesn't seem to be here
    26 Dec 2012, 11:50 AM Reply Like
  • In China, perception trumps reality. KFC needs to do a publicity blitz showing Westerners enjoying their products. This effort would be much more effective than government propaganda which is not usually trusted by the masses.
    26 Dec 2012, 11:50 AM Reply Like
  • Very true - all you have to do is search for "china + corruption" and millions of pages show up. I see that China just made the 2012 "most corrupt" half of the list also http://bit.ly/RSvKq2
    26 Dec 2012, 01:55 PM Reply Like
  • I thought about this YUM stuff. ... Utter BS!!

     

    A couple of years ago, Walmart Chengdu was having problems with mislabeling foods and overcharging.

     

    I would not be surprised if any of the other retailers in Cn do much far worse transgressions that are swept under the rug ...

     

    Cn's model law code is just that a model and rather useless!
    27 Dec 2012, 05:20 AM Reply Like
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