Food Industry News: May 23 - Australia (5 stories)

Saturday, 23 May 2026 Daily Food & Beverage Australia

Here is your Daily summary for Food & Beverage across Australia for Sat 23rd May 2026

Guzman y Gomez has made a strategic retreat from the US market, closing its Chicago locations due to insufficient returns on investment. This decision allows the Mexican chain to refocus on its Australian operations, where it has upgraded its earnings guidance, signaling confidence in local growth despite fierce competition.

In product innovation, Darrell Lea has launched three new chocolate lines aimed at aligning with current consumer trends and social media influences. This move reflects the brand's commitment to staying relevant in a competitive market.

Meanwhile, the Bank of England has warned that food price caps are unsustainable, as the Treasury has abandoned plans to implement them. This development could have significant implications for food pricing and inflation in the UK, potentially affecting global markets.

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