A Walmart Connection to the Horse Meat Scandal

A U.K. supermarket it owns has pulled products with tainted meat

   

Beef A Walmart Connection to the Horse Meat ScandalThe British horse meat scandal is threatening to engulf retail giant Wal-Mart (NYSE:WMT).

British supermarket chain Asda — owned by Wal-Mart — has already pulled packages of beef bolognese sauce off its shelves, reports International Business Times. The sauce was discovered to contain horse DNA

In addition to the sauce, the chain also pulled three other products — beef broth soup, meat feast pasta sauce and chilli con carne soup — from it’s 500 stores as a precaution. The products are made at the same plant as the beef bolognese sauce.

A spokeswoman for Asda said, “We have a preliminary test result that suggests the presence of horse DNA in our 500g beef bolognese sauce. As you’d expect, we have withdrawn this product from our shelves. We are taking a belt-and-braces approach so in addition, as a precaution, we’re also withdrawing three other beef-based products produced by the same supplier.”

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Article printed from InvestorPlace Media, http://investorplace.com/2013/02/a-wal-mart-connection-to-the-horse-meat-scandal/.

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