McDonald’s Corporation (MCD) Re-launches Full Menu in China after the Meat Scandal

Embattled food chain store, McDonald’s Corporation (NYSE:MCD), will start selling beef and chicken burgers in some Chinese cities, resuming full menu two weeks after one of its suppliers was accused’ and placed under investigation for selling expired meat. McDonalds will resume full menus in the cities of Beijing, Guangzhou this week, with Shanghai expected to return to normalcy as the month progresses.

McDonald's Corporation (NYSE:MCD)

“McDonald’s Corporation (NYSE:MCD) will now resume serving full menu in Beijing and other Chinese cities this week. This comes, of course, after that expired meat scandal at one of its regional meet suppliers forced it to cut back on some of the popular offerings. No word yet on Yum! brands, which has a bigger exposure to the China [...],” a CNBC report said.

However, CNBC’s Jim Cramer remains pessimistic on McDonalds changing its fortune in the market on the back of increased scrutiny in China and the immense pressure that the company is facing from healthy eating habits activist.  McDonald’s Corporation (NYSE:MCD)’s struggles have not only been in China; the company was forced to pull out of the Crimea region after the region decided to launch its Russian version of the McDonalds.

“People keep waiting for McDonald’s Corporation (NYSE:MCD) to turn around. I think that the idea of eating healthy is such a powerful trend that McDonalds is always the irony. [...] I think McDonalds is going to be challenged’ on the actual fundamental of what they serve,” Cramer said .

McDonald’s Corporation (NYSE:MCD) was forced to cut ties last month with Shanghai Husi Food supplier after a television report started investigations into improper handling of meat by the unit. McDonalds’ move has already caused widespread shortage of meat in parts of China as food inspectors sprang into action to check the quality of meat supplied to various outlets.

McDonald’s Corporation (NYSE:MCD) has already reiterated that it plans to go back to the origin of food to ensure stringent inspection of the raw materials before they find their way into its kitchens. In Hong Kong, the food chain has already started importing Lettuce and fresh onions directly from the U.S and Taiwan.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!