NEW YORK (TheStreet) -- China's most recent food health scare is hurting restaurant chains and even consumers.
Last week, meat processor the Husi Food Company, the Shanghai office of Illinois-based OSI Group, was accused of selling spoiled meat to popular food chains throughout China and Japan.
Recognized as one of the country's largest meat suppliers, with eight locations throughout the country, many chains were affected including, McDonald's (MCD - Get Report), Burger King (BKW) and Starbucks (SBUX).
"To help rebuild the trust of our customers and consumers, as well as to cooperate with the official investigatory process, we are compelled to withdraw all products manufactured by Shanghai Husi from the market place. We are also conducting a thorough internal investigation into any possible failures on the part of current and former senior management." This statement comes after several McDonald's locations stopped using meat products from the supplier. Last week, McDonald's Holdings Co, in Japan, announced that it would no longer source its meat from China, and instead will source products from Thailand. As a result, locations throughout China, Hong Kong and Japan have temporarily gone vegetarian, providing customers with limited options, according to McDonald's company websites and media outlets. McDonald's was little changed on the day $95.78. Burger King, Starbucks, Papa John's Touched by China Food Health Scare
China's Health Scare Rips Through Asian Restaurant Chains