Dollar Tree to Buy Family Dollar for $8.5B, McDonald’s Pulls Meat Products from Chinese Menus
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Dollar Tree will buy Family Dollar for $8.5 billion, a deal that would create a 13,000-store company that can demand lower prices from suppliers and compete against Dollar General, Walmart, and Target.
Tyson Foods plans to sell its Mexico and Brazil poultry operations for $575 million to help pay debt from its recent acquisition of Hillshire Brands.
McDonald’s has pulled beef, pork, and chicken products from its restaurants in China, further damaging consumer trust in fast food safety.
A Russian consumer protection agency is investigating the quality of food products at McDonald’s, such as the presence of antibiotics and other unwanted ingredients in pre-sliced cheese.