The latest food and beverage industry news and trend analysis

Nestlé and Platinum Equity have announced a 50:50 joint venture valued at €4.9 billion to establish Peranel, an independent water and premium beverage enterprise.

Tim Hortons has expanded its Canadian menu with five handcrafted iced and hot matcha beverages made from double-ground, shade-grown green tea leaves.

Z Natural Foods has launched Chocolate Goat Whey Protein Concentrate, combining A2 goat whey with organic cacao and MCTs in retail and commercial bulk pouch formats.

Tom Holland's non-alcoholic beer brand BERO has partnered with Sony Pictures to launch limited-edition Spider-Man Brand New Day collectable cans across direct-to-consumer and cinema channels.

Starbucks is reintroducing its viral Unicorn Frappuccino for a three-day weekend event across global markets to drive late-summer retail footfall.

Dairy brand Nurri has launched its lactose-free Ultra-Filtered Protein Milk across Walmart stores nationwide, offering 20g of complete protein per serving across four varieties.

Zero-sugar soda brand Zevia has partnered with GRAMMY-winning artist Cardi B to launch its multi-channel Real Talk Interpreter marketing campaign.

Philz Coffee has expanded into the speciality tea category with four cold matcha beverages sourced from Uji, Japan, across its regional store network.