Home | African Business News | McDonald’s Sales Down After China Crisis

McDonald’s Sales Down After China Crisis

AuBJ – Fast-food chain McDonald's saw its international sales drop 2.5% in July, presumably due in large part to the food safety scare that happened in China. The world's fast-food chain with more than 35,000 locations around the world, saw a 3.2% drop in the U.S. and a 7.3% drop in the unit covering Asia, the Middle East and Africa. Business picked up in other regions to help mitigate some of the loss.

The results reflect what’s believed to be an initial fallout from a Chinese food scandal late last month after a TV report showed workers at a McDonald's supplier, OSI Group, repacking expired meat. McDonald's has since stopped using supplies from the plant in Shanghai.

Analysts believe sales will continue to fall amidst concerns about food safety in China. Yum Brands, which owns KFC and Pizza Hut, was also caught up in the scandal and has cut ties with OSI Group. 

Business in Action

Botswana Ash

image
Botswana’s vast salt pans are home to minerals sort after by businesses across the continent; helping these African firms meet ...
View the Brochure
Full Article

Edendale Hospital

image
Thanks to its strong educational tradition and its willingness to lead where others have yet to go, Edendale Hospital has ...
View the Brochure
Full Article

GeoGroup

image
To say that GeoGroup has its fingers in a number of pies would be an understatement. The energy and ...
View the Brochure
Full Article

Manitou

image
Mining isn’t for the feint-hearted and when a company embarks on a tough project, on unforgiving terrain, it needs to ...
View the Brochure
Full Article

National Library of South Africa

image
Despite the allure of tablets, Kindles and high-res paraphernalia, books just keep bouncing back. One of the essential pantheons of ...
View the Brochure
Full Article

Novo Nordisk

image
Thanks to its passion for medical advancement and a strong commitment to its patients, Novo Nordisk has become a prominent ...
View the Brochure
Full Article

PMI Gold Corporation

image
In October, PMI Gold Corporation (TSX-V: PMV) (ASX: PVM)—the West African focused, ambitious gold junior with four previously mined deposits ...
View the Brochure
Full Article

Profica

image
By utilising its international experience and blending it with an understanding of local cultures, South African firm Profica has grown ...
View the Brochure
Full Article

Shamwari Group

image
With Africa’s urban structures increasing on a daily basis, it’s always important to remember the rich and diverse landscapes that ...
View the Brochure
Full Article

Spar Group

image
Your friendly neighbourhood Spar shop has been a regular feature on the streets of South Africa for over half a ...
View the Brochure
Full Article

Twin City

image
For over 25 years property developers Twin City have been transforming the Southern African landscape with modern, innovative and awe-inspiring ...
View the Brochure
Full Article

African Minerals Ltd.

image
Tonkolili mine opens for business, as African Minerals Ltd.  make a big impression on the mining landscapeJust 14 months from ...
View the Brochure
Full Article
  • email Email this article
  • print Print
  • Plain text Plain text