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Indian state to inspect outlets of global fast-food chains after McDonald’s cheese crackdown | Reuters News Agency


Business & Finance

Reuters was first to report that India’s western state of Maharashtra will inspect outlets of global fast-food brands to check if they use cheese alternatives in products wrongly promoted as containing real cheese, widening scrutiny beyond a crackdown on McDonald’s. 

Market Impact

Shares of McDonald’s India franchisee plunged as much as 6.7% to their lowest level since May 2023 after the Reuters report. Domino’s operator Jubilant Foodworks and KFC operator Devyani International also fell about 1% and 4% respectively. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Asia

Countries: India

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



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