Yum brands terminates global relationship with meat supplier OSI as Chinese meat scandal hits sales
SEAFOODNEWS.COM [Nation's Restaurant News] by Ron Ruggless August 1, 2014
Yum! Brands Inc. warned late Wednesday that the sales impact of the recent Chinese meat-vendor scandal could deepen.
“The result has been a significant, negative impact to same-store sales at both KFC and Pizza Hut in China over the past 10 days,” said David E. Russell, Yum’s vice president of finance, in a statement filed with the Securities and Exchange commission.
Louisville, Ky.-based Yum! Brands, as well as McDonald’s Corp. and several other restaurant brands, have been dealing with negative publicity from the scandal...
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