Stocks of fast food chains like Sweetgreen, Chipotle, and Taco Bell fell due to investor worries over a cyclospora outbreak possibly linked to lettuce. Sweetgreen's shares dropped 5.6% on the day and have fallen over 24% in the last month, despite no confirmed cases tied to the chain. Taco Bell removed some menu items and stopped serving lettuce in Michigan, the state with the largest outbreak. Health officials have not yet identified the outbreak's source, but lettuce is a common suspect. The outbreak has caused thousands of cyclosporiasis cases, an intestinal illness causing diarrhea and fatigue, prompting ongoing investigations and cautious responses from affected companies.
Yum China has completed its $1.2 billion acquisition of the Pizza Hut brand in Mainland China from Yum! Brands, aiming to save on license fees and boost restaurant margins. This ownership is expected to improve strategic flexibility, accelerate new s...
Yum! Brands is under investigation by Pomerantz LLP following two deaths linked to a cyclosporiasis outbreak traced to iceberg lettuce at Taco Bell. The Michigan Department of Health and Human Services reported the deaths, and the FDA connected the o...
Salad and Go has filed for Chapter 11 bankruptcy and will close all its locations due to prior growth challenges, weakening consumer demand, and rising costs. The ongoing cyclospora outbreak, which caused widespread fear of eating lettuce and sickene...
