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Hong Kong orders recall of Brazilian meat products

27-Mar-2017

The government of Hong Kong has ordered the recall of meat supplied by Brazilian meatpackers involved in a tainted meat scandal. The Secretary for Food and Health, Ko Wing-man, announced the recall on Friday, saying that six meatpackers allegedly involved in the scandal had exported meat to Hong ...

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McDonald's sells China business in deal worth up to $2.1B

09-Jan-2017

Fast-food giant McDonald's is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the companies said Monday. The transaction is part of a global business overhaul being carried out by the ...

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China regulators fine OSI Group $3.6M in 2014 meat scandal

05-Oct-2016

The Chinese units of a former meat supplier for McDonald's and KFC China have been fined more than $3.6 million for selling expired meat in a fast food safety scandal that erupted two years ago. It's the latest fallout for OSI Group after a Shanghai TV station reported in 2014 that the company ...

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General Mills To Cut 675 To 725 Jobs

29-Jun-2015

General Mills Inc. (GIS), Thursday announced plans to eliminate about 675 to 725 positions, in order to increase its international sales and curb administrative costs as the packaged-food company aims to boost its slowing sales. The Minneapolis, Minnesota-based company expects to post ...

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