June 19, 2013

Magic Johnson’s Meat Company Suffering Because of Pink Slime

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*AFA Foods, a ground beef processor owned by Los Angeles private equity firm Yucaipa Cos. and  Magic Johnson filed a bankruptcy petition seeking protection from creditors, blaming, in part, bad publicity over products containing so-called pink slime. The companysaid it sought bankruptcy protection because it was “faced with an immediate and unanticipated liquidity crisis” and [...]