Food & Drink News: Mar 4 - Australia (5 stories)

Wednesday, 4 Mar 2026 Daily Food & Beverage Australia

Here is your Daily summary for Food & Beverage across Australia for Wed 4th March 2026

Lyka has successfully secured $67 million in a Series C funding round, primarily from US investors, to enhance its fresh pet food model and expand globally. This investment will also support clinical research focused on improving dog health and longevity, highlighting the growing trend in premium pet food offerings.

In a significant development, BrewDog is facing collapse, prompting negotiations regarding its Australian stores. This situation reflects broader challenges in the craft beer sector, which may impact local consumers and suppliers.

Diageo's shares have dropped 6% following a dividend cut and a grim outlook due to declining U.S. spirits sales, signaling potential turbulence in the alcoholic beverage market. Meanwhile, OMG is expanding its oat milk range with three new high-protein flavors set to hit 943 Woolworths stores next quarter, catering to the rising demand for plant-based alternatives.

Share this digest:

Featured Articles

Key stories and insights from this topic

More from Food & Beverage in Australia

View all Food & Beverage topic summaries →
← Back to all topic summaries