The latest food and beverage industry news and trend analysis

Yum China has completed its $1.2 billion acquisition of the Pizza Hut brand ownership in Mainland China, eliminating license fees and accelerating store growth.

Diageo has unveiled a $1 billion cost-cutting strategy over three years to streamline global operations and reinvest in core brands, ready-to-drink offerings, and Guinness.

Mondelēz International has unveiled its 2026 Christmas confectionery range, introducing Toblerone Biscoff Truffles alongside new Cadbury Dairy Milk Biscoff sharing and self-eat formats.

Nestlé International Travel Retail has launched its biggest After Eight innovation, expanding beyond mint with Caramel, Orange, and Raspberry variants.

WK Kellogg Co has accelerated its portfolio reformulation timeline, eliminating artificial colours and the preservative BHT across all cereals one year ahead of its original target.

Square has expanded its partnership with Google to integrate US food and beverage sellers into Ask Maps, enabling conversational AI restaurant discovery and direct ordering.