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Cat Forum / Cat Anecdotes / June 2007Pet food recall to cost Menu Foods $45M
Fair Use Excerpt: Menu Foods' massive recall of pet food will cost the company at least $45 million, and that doesn't take into account the drop in future sales or legal settlements not covered by insurance, the Ontario-based company estimates. The projected loss is in the Streetsville company's latest financial statement, which showed the recall cost it a third of its sales and all its profit in the first quarter. The maker of dog and cat food said its Q1 profit last year turned into a $17.5-million loss this year. Sales fell from $93.9 million last year to $64.5 million. "Menu, along with several other pet food manufacturers in the United States, were the victims of a terrible fraud, and the [Menu Foods Income] Fund's results for this quarter reflect the costs," the company said in a statement. Full article found at: http://www.cbc.ca/money/story/2007/05/31/menufoods.html  Signatureannoyed@net.spammers Craig, Kathi & "Cat Five" the tabby girl > Menu Foods' massive recall of pet food will cost the company at least > $45 million, and that doesn't take into account the drop in future > sales or legal settlements not covered by insurance, the Ontario-based > company estimates. Remember when Menu announced that it would pay vet bills to anyone whose pet got sick from their food? I was talking to someone the other day whose cat did get sick from it, costing her about $1000 in vet bills (which she can't afford - she had to make arrangements with the vet to pay it off slowly). So she called the 800 number that Menu had publicized, to try to claim the money, and although she has called over and over and left about 10 messages, they have never called her back. So far she hasn't gotten a dime. Joyce > > Menu Foods' massive recall of pet food will cost the company at least > > $45 million, and that doesn't take into account the drop in future [quoted text clipped - 13 lines] > > Joyce That was before they upped the number from 14-16 to almost 1500 pets killed by it! They are probably conferring with their lawyers to see if they can retract that statement an not be legally bound to pay anything unless there's a lawsuit (which I'm sure there is going to be, if not already). >> So she called the 800 number that Menu had publicized, to try to >> claim the money, and although she has called over and over and left >> about 10 messages, they have never called her back. So far she >> hasn't gotten a dime. > That was before they upped the number from 14-16 to almost 1500 pets killed > by it! Good point. And if approximately 1500 died, I wonder how many got sick but survived? > They are probably conferring with their lawyers to see if they can > retract that statement an not be legally bound to pay anything unless > there's a lawsuit (which I'm sure there is going to be, if not already). There should be a class action suit! Joyce > >> So she called the 800 number that Menu had publicized, to try to > >> claim the money, and although she has called over and over and left [quoted text clipped - 12 lines] > > There should be a class action suit! But the company will just blame it all on the Chinese! (Which may be true, but why did whatever is the Canadian equivalent of our FDA not check the imported foodstuffs?) > Joyce On Jun 1, 6:04 pm, "EvelynVogtGamble(Divamanque)" <evgm...@earthlink.net> wrote: > But the company will just blame it all on the Chinese! > (Which may be true, but why did whatever is the Canadian > equivalent of our FDA not check the imported foodstuffs?) I thought the tainted food were all manufactured in the U.S., while Menu is a Canadian company. So maybe the imported foodstuff just went directly to the manufacturer in U.S. But then I don't know how good Health Canada is in checking imported food. > On Jun 1, 6:04 pm, "EvelynVogtGamble(Divamanque)" > <evgm...@earthlink.net> wrote: [quoted text clipped - 5 lines] > I thought the tainted food were all manufactured in the U.S., > while Menu is a Canadian company. But the "taint" came from grain imported from China! > So maybe the imported foodstuff just > went directly to the manufacturer in U.S. > But then I don't know how good Health Canada is in checking imported > food. Hopefully better than the U.S. FDA, but don't count on it! On Jun 2, 2:21 pm, "EvelynVogtGamble(Divamanque)" > > I thought the tainted food were all manufactured in the U.S., > > while Menu is a Canadian company. > > But the "taint" came from grain imported from China! If the grain from China was imported directly to Menu's manufacturing plants in U.S., then Canada had no jurisdiction to inspect them, even when Menu is a Canadian company. > Hopefully better than the U.S. FDA, but don't count on it! No, I don't. On Jun 1, 4:51 pm, jXwXeXrXmXoX...@sonic.net wrote: > There should be a class action suit! > > Joyce I heard there is one in Canada. Winnie On May 31, 12:35 pm, "anno...@net.spammers" <anno...@net.spammers> wrote: > Fair Use Excerpt: > [quoted text clipped - 20 lines] > anno...@net.spammers > Craig, Kathi & "Cat Five" the tabby girl I wish the money would come out of the pockets of all the people who made the decisions to cause the problem. That includes whoever decided to add the toxic substance(s) to the gluten to make it appear to have higher protein content, whoever decided to go the cheap route and buy what turned out to be tainted ingredients, and anyone who understood that something was drastically wrong but tried to sweep it under the rug (causing more pets to sicken and/or die). They're the ones who deserve to take the financial hit. Instead, how much do you want to bet that the plant workers will end up facing job cuts, and the execs will get their pockets lined with an exit bonus and go on their merry way? &%*$#*^%$& Donna, Captain, and Stanley |
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