A Walmart Connection to the Horse Meat Scandal

by Nate Wooley | February 15, 2013 10:53 am

[1]The British horse meat scandal is threatening to engulf retail giant Wal-Mart (NYSE:WMT[2]).

British supermarket chain Asda — owned by Wal-Mart — has already pulled packages of beef bolognese sauce off its shelves, reports International Business Times[3]. 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 As you’d expect, we have withdrawn this product from our shelves.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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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/03/Beef.jpg
  2. WMT: http://studio-5.financialcontent.com/investplace/quote?Symbol=WMT
  3. reports International Business Times: http://www.ibtimes.co.uk/articles/435533/20130215/horsemeat-scandal-asda-beef-bolognese-spanghero-romania.htm
  4. Burger King Supplier in Horse Meat Scare: http://investorplace.com/2013/01/burger-king-supplier-in-horse-meat-scare/
  5. Horse Meat Scandal Grows With New Find: http://investorplace.com/2013/02/horse-meat-scandal-grows-with-new-find/
  6. Company ‘Sorry’ Over Horsemeat in Beef Burgers: http://investorplace.com/2013/01/company-sorry-over-horsemeat-in-beef-burgers/

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