The chain wants to sell all 413 of its locations in Taiwan to a franchise operator.» Read More
SHANGHAI, July 1- U.S.-based meat supplier OSI Group has lost around six billion yuan since a food safety scandal in China last summer, a senior China- based executive for the firm told the official Xinhua news agency. The report, published late on Tuesday, underlines how severe the impact of food safety scares can be in China, which has seen a series of stomach...
*McDonald's wants single entity to oversee Taiwan stores. SHANGHAI, June 25- McDonald's Corp said it is aiming to sell all of its 413 Taiwan-based stores to a franchise operator, as the U.S. fast-food chain looks to cut costs globally and turn around its flagging China business. A China- based spokeswoman for the company said the burger chain was looking for a single...
June 22- General Mills Inc, maker of Cinnamon Toast Crunch and Original Cheerios cereals, said it would stop using artificial flavors and colors in almost all of its cereals, joining the U.S. food industry's move towards products perceived as healthier. Taco Bell and Pizza Hut, two of Yum Brands Inc's largest restaurant chains, sandwich chain Subway and Nestle USA...
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