2011-11-08

On day YUM acquires Little Sheep, reports of unsanitary conditions hit media

YUM's acquisition of Little Sheep (0968.HK) has been cleared by regulators, but the media has launched an attack on the hot pot chain for unsanitary conditions. It's the big story of the day on the news service for QQ after a reporter in Guangzhou visited one of the restaurants.
小肥羊的卫生“黑幕” (Little Sheep's sanitary "dirty tricks")
Some things include oil residue on plates and cooking implements, reusing dishwater, not wearing gloves while handling food. Chinese consumers are extremely concerned about food safety and fast food companies are seeing more and more scrutiny. I doubt this will be enough to affect YUM"s stock, but look for English news today or tomorrow if the story grows.

No comments:

Post a Comment