McDonald's Japan withdraws profit guidance after China food scare
date:Jul 30, 2014
McDonald's Holdings Co (Japan) withdrew its earnings guidance for the year on Tuesday and said it was working on a contingency plan after a major meat supplier in China was shut down by regulators for food safety breaches.

It also said it would consider seeking damages from the supplier.

The Japanese unit of the world's biggest hamburger chain immediately switched to alternative chicken supplies both in China and Thailand after the scandal broke last week.

But days later it narrowed its sourc
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