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The decision is pivotal because it could expose McDonald's Corp. to liability for management practices in those locations. The same is true for many other fast-food chains, including Burger King and Yum Brands, which owns Taco Bell, KFC and Pizza hut.
TOKYO— McDonald's in Japan is increasing its checks on chicken from vendors in China and Thailand after allegations a Chinese supplier sold expired chicken. The U.S. fast-food chain's Japan unit on Tuesday withdrew this year's earnings and sales forecasts, citing uncertainties from the food scandal.
The president of OSI Group, David G. McDonald, declined to give details of what the company has found at Shanghai Husi Food Co. A Shanghai TV station reported last week that Husi sold expired beef and chicken to restaurants including McDonald's and KFC.
HONG KONG— McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken filet burgers off the menu after a U.S.-owned supplier in mainland China was accused of selling expired meat. The fast food chain said late Thursday that it "suspended relevant food ingredients" at Hong Kong outlets in light of the scandal surrounding Shanghai Husi Food Co..
Fast food chains in China suspended use of products from Shanghai Husi Food Co. after a television station reported last weekend it repackaged and sold meat past its use-by date. I will not try to and defend it or explain it, "said Sheldon Lavin, chairman and chief executive of Aurora, Illinois- based OSI Group, which owns Husi Food.
OSI Group, a privately-held company based in Aurora, Illinois, was thrust into the spotlight this weekend when a Chinese TV station reported that one of its Shanghai plants repackaged old beef and chicken and slapped new expiration dates on them.
Some of the illegal conduct was an "arrangement organized by the company," the deputy director of the agency's Shanghai bureau, Gu Zhenghua, told the official Xinhua News Agency. Those in criminal detention include Husi's quality manager, the Shanghai police department said on its microblog account.
SHANGHAI, July 23- Food safety violations at Shanghai Husi Food Co Ltd, a supplier to global brands including McDonald's Corp and Yum Brands Inc, were company-led and not the acts of individuals, the official Xinhua news agency said, citing the Shanghai food and drug watchdog.
July 22- McDonald's Corp feels "a bit deceived" by the audit it received for Shanghai Husi Food Co Ltd, a China supplier that was shut down this week after a TV report showed workers mishandling meat, Chief Executive Don Thompson said on Tuesday.
July 22- Quarterly profit at McDonald's Corp fell more than expected after established restaurants in its struggling U.S. division turned in a third straight quarterly sales decline and results from Europe also logged a surprise drop.
July 22- McDonald's Corp reported a lower-than-expected quarterly profit as comparable sales in its struggling U.S. business fell for the third straight quarter and sales in Europe declined for the first time in four quarters.
BEIJING— A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets.
*Starbucks, Burger King, Dicos pull products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan.
A food scandal in China is spreading fast, dragging in Starbucks, Burger King and others, as well as products of McDonald's as far away as Japan.
*Starbucks says has pulled chicken products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as products of McDonald's Corp as far away as Japan.
July 21- Burrito chain Chipotle Mexican Grill Inc last quarter achieved what many of its rivals could only dream of: It raised prices, yet attracted more diners during a period of sluggish economic growth. Rival Panera Bread Co was on a similar trajectory until last year, when "operational friction" caused it to stumble on speed.
SHANGHAI/ LOS ANGELES, July 21- Yum Brands Inc and McDonald's Corp are facing a new food safety scare in China, denting the fast-food companies' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.
*McDonald's warns may face China product shortfall. *Incident highlights broader China food supply chain issues. SHANGHAI, July 21- McDonald's Corp and Yum Brands Inc are facing a new food safety scare in China, denting the fast food giants' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.
Wendy's attempted brand transition seeks to combine the quality of "fast casual" restaurants like Panera with the low price and speed of fast food.
William Ackman's main fund climbed 25% during the first half of 2014, ranking him as one of the year's top hedge fund industry performers.