News that McDonald’s Japan is set for its first loss in 11 years is the latest blow, while it was revealed earlier that global sales had slumped 3.7%.
The company was hit earlier this year by a food safety scandal in Japan, in which it was revealed that one of its chicken suppliers was breaching safety standards. As a result, customers fled. The company, which was previously expecting a net profit of £34.5 million, is now predicting a net loss for the year of £97 million .... http://money.aol.co.uk
