U.S.-BASED meat supplier OSI Group has lost around 6 billion yuan (US$967.6 million) since a food safety scandal in China last summer, a senior China-based executive for the firm told the Xinhua news agency.
OSI Group said in January it had lost “hundreds of millions of dollars” in lost revenue in China since an undercover local media report alleged to show workers at its Shanghai Husi Food Co. Ltd. plant using out-of-date meat and doctoring production dates.
Operations at Shanghai Husi, which supplied meat to McDonald’s Corp. and Yum Brands Inc., were suspended following the reports. (SD-Agencies)
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