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October 23, 2018

Compass Group to face investigation over expired food in China

Global foodservice company Compass Group is likely to face an investigation after Chinese authorities found mouldy and expired food at Shanghai SMIC Private School.

Global foodservice company Compass Group is likely to face an investigation after Chinese authorities found mouldy and expired food at Shanghai SMIC Private School.

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The market supervisory administration has launched an investigation against Shanghai Eurest Food Technologies Service, a local unit of Compass Group that handles qualifications and food safety controls at SMIC school, reported Reuters.

In a statement, Shanghai SMIC Private School said: “On the afternoon of 19 October, parents of Shanghai SMIC Private School found certain expired or stale food, with suspicious date of manufacturing labelled on certain food items inside the kitchen of the school cafeteria during their inspection.

“The school board and the school management team are treating this very seriously and have held immediate emergency meetings Friday and Saturday with parents and also the school board. A special task force has also been established to address the issue.”

“We will renovate our current cafeteria facility and add more monitoring cameras so that all food processing is visible.”

The school has temporarily stopped catering services run by Shanghai Eurest.

SMIC will also work with the Pudong Education Bureau and other relevant government agencies to conduct a thorough investigation of the vendor, and legal action will be taken if necessary.

The school will select an interim foodservice provider following a review and approval by the government and it will suspend its cafeteria coordinator from work and give administrative reprimands to related supervisors.

The statement added: “The school takes full responsibility in failing to supervise the vendor and we are deeply saddened by this situation. We sincerely apologise to the students, the staff, and the parents, and in the future will pay extra attention to the health of our students.

“The school will strengthen its oversight of the food supplier and enhance the implementation of a more stringent food quality control process. We will renovate our current cafeteria facility and add more monitoring cameras so that all food processing is visible. The school management will work diligently to see this never happens again.”

Compass Group China has issued a statement apologising for this incident and has implemented actions such as a self-inspection and a long-term management system in response.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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