Food & Beverage

Yum brands takes OSI off the menu

Source: 
Shanghai Daily

Yum Brands Inc, owner of KFC and Pizza Hut, said on Friday that it had terminated its relationship with the US-based OSI Group following the Shanghai Husi food safety scandal. And Burger King Worldwide Inc also announced that it would no longer buy products from OSI suppliers in China, where the hamburger chain has about 200 restaurants.

 

Fast-food loyalty tested in China by meat scandal

Source: 
CNBC

A food safety scare in China is testing Chinese consumers' loyalty to foreign fast-food brands, including McDonald's and Yum Brands, which owns the KFC and Pizza Hut chains.

Peninsula Boutique opens at Singapore's ION Orchard

Source: 
The Malaysian Insider

One of the world's top hotel chains, the Peninsula Hotels, has opened its first boutique in Singapore at ION Orchard.

The Peninsula Boutique will offer the finest selection of delicacies, including signature Swiss chocolates, exquisite Peninsula tea blends and coffees, sumptuous cookies and cakes along with the renowned XO Chilli sauce.

Kraft Foods Group profit tumbles more than 40pc

Source: 
The Wall Street Journal Online

Kraft Food Groups Inc. said the second quarter profit fell more than 40 percent, as a slight increase in revenue couldn't offset a substantial extraordinary gain in the same quarter a year ago.

To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall Street Journal Online.

 

China fast-food chains studying impact of scandal

Source: 
Shanghai Daily

A food safety scare in China is testing local consumers’ loyalty to foreign fast-food brands, including McDonald’s Corp and Yum Brands Inc, which owns the KFC and Pizza Hut chains. Yum, which counts China as its No. 1 market, said the scare, triggered by a TV report earlier this month showing improper meat handling by a supplier, Shanghai Husi Food, caused “significant, negative” damage to sales at KFC and Pizza Hut restaurants over the past 10 days.

 

McDonald's faces shortages at some China outlets

Source: 
The Wall Street Journal Online

McDonald's Corp. is facing a shortage of products in some outlets across northern and central China as a result of a shift away from a Shanghai supplier that allegedly sold expired meat to some fast-food chains in the country.

To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall Street Journal Online.

 

Time for Chinese fast food chains to shine?

Source: 
CNBC

China's homegrown fast food chains have long played second fiddle to the likes of McDonald's and Yum Brands in the mainland but with the latest food scare, things may be in for a change.

McDonald's halts nuggets sales in Hong Kong

Source: 
BBC News

Fast food chain McDonald's has suspended sale of chicken nuggets and some other products in Hong Kong.

It said it had imported chicken and pork from Shanghai Husi Food, the Chinese firm that allegedly supplied out of date meat to fast food firms.

China has suspended operations of Shanghai Husi after local media reports claimed it re-processed expired meat.
 

McDonald's Japan switches chicken sourcing to Thailand

Source: 
The Japan Times Online

McDonald's Co. (Japan) said on Friday that it has halted sales of all products containing chicken meat from China and switched sourcing completely to Thailand.

The fast-food giant's Japan business had already stopped selling items made with meat sourced from Shanghai Husi Food Co., a China-based supplier that was recently shut down over food safety concerns. Shanghai Husi had supplied about 20 percent of the burger chain's Chicken McNuggets.

Coca-Cola year-to-date results show China leads global increase

Source: 
Shanghai Daily

Global beverage giant Coca-Cola recently released its 2014 second-quarter and year-to-date operating results, saying the China market driving its global sales amid strong marketing initiatives.

In China, unit case volume grew 9 percent in the second quarter as sparkling beverage outpaced the average to 10 percent. Second-quarter global unit case volume rose 3 percent, as growth of worldwide sparkling beverages accelerated to 2 percent in volume.

 

Syndicate content