PepsiCo Ends Pepsi, 7UP production In Russia: Reuters

PepsiCo Ends Pepsi, 7UP production In Russia: Reuters
  • Beverage giant PepsiCo Inc PEP has stopped production of Pepsi, 7UP, and Mountain Dew in Russia, Reuters reported.
  • The end of the production comes six months after the company halted its sales and production in the country in response to Russia's invasion of Ukraine.
  • The supermarkets and retailers in Russia are said to have stocks with July and August production dates.
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  • "All concentrates have subsequently been exhausted in Russia and production has ended," the report cited a PepsiCo spokesperson.
  • The report also noted the company had stopped making concentrates for PepsiCola, Mirinda, 7Up, and Mountain Dew in Russia.
  • Price Action: PEP shares closed higher by 1.05% at $168.73 on Monday.
  • Photo Via Company

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