Food & Drink News: Feb 24 - Australia (5 stories)

Tuesday, 24 Feb 2026 Daily Food & Beverage Australia

Here is your Daily summary for Food & Beverage across Australia for Tue 24th February 2026

EatClub, backed by celebrity chef Marco Pierre White, has successfully raised $27 million in a Series B funding round, aiming to bolster its expansion in the UK after significant growth in London. This investment highlights the increasing demand for innovative dining solutions and could reshape the restaurant landscape.

In contrast, General Mills has revised its fiscal 2026 outlook downward due to weak consumer sentiment, indicating potential challenges in the food sector. Similarly, Kerry Group has also cut its earnings projections and reported a decline in EBITDA, prompting a 5% drop in shares, which raises concerns about profitability in the industry.

On a positive note, Walcha Coffee, a small roastery in regional NSW, has garnered international recognition by winning three bronze medals at a prestigious competition, showcasing the quality of Australian coffee. Additionally, Potato Utopia is expanding its product line with two new flavours in its gratin range, catering to the growing consumer preference for convenient meal options.

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