PepsiCo to bring a new brand to Russia

In the near future, the largest food and beverage producer PepsiCo will bring a new brand from its global portfolio to the Russian market. The new brand called Alvalle means chilled Spanish gazpacho soups. PepsiCo bought Alvalle in 1999, and last summer, the company announced that it intends to increase production by 50%. At the moment, 50% of Alvalle's products are exported to Belgium, Portugal, Germany, Holland, France and Great Britain.

Since the beginning of December, PepsiCo shares have grown by 2.4% and will continue their active growth on today's news. Trading will be available during the American session, from 14:40 to 21:00 GMT.

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