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Tobacco

All the posts published.
1 MIN READ

Denmark: Scandinavian Tobacco Group acquires XQS

April 24, 2023
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Europe, Mergers & Acquisitions, Tobacco

Scandinavian Tobacco Group, the leading tobacco firm, has announced the acquisition of XQS International, a maker of tobacco alternative products. The transaction value consists of an upfront payment as well as an earn-out agreement. Assuming all targets are met, the total purchase price will be about 150 million DKK ($22 million) and it will be fully financed by cash at hand and debt. In 2022, XQS International’s reported net sales were …

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1 MIN READ

USA: Altria Group to buy e-cigarette firm NJOY

March 7, 2023
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Mergers & Acquisitions, North America, Tobacco

Altria, the multinational tobacco firm, has announced a definitive agreement to acquire e-cigarette company NJOY Holding for about $2.75 billion in cash. NJOY is described as a leading brand of pod-based e-vapour products with 33,000 retail stores in the US. Commenting on the deal, Altria CEO Billy Gifford said: “We believe we can responsibly accelerate U.S. adult smoker and competitive adult vaper adoption of NJOY ACE in ways that NJOY …

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1 MIN READ

South Korea: Philip Morris International to extend collaboration with KT&G

February 6, 2023
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Asia Pacific, Mergers & Acquisitions, Tobacco

Philip Morris International (PMI), the leading tobacco firm, has announced it will be continuing its partnership with South Korean tobacco and nicotine manufacturer KT&G as the two companies look to “extend and deepen” their collaboration. The agreement, which covers 15 years, will allow PMI to continue commercialising innovative smoke-free devices and consumables on an exclusive worldwide basis (except South Korea), the company said. PMI CEO Jacek Olczak commented: “We have …

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1 MIN READ

China: Geek Bar to build a new production facility in China

January 12, 2023
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Asia Pacific, Manufacture & Distribution, Tobacco

E-cigarette brand, known for its disposable vape devices, Geek Bar has made an investment of $146 million in a new production facility as part of its plans of growth in the UK. The facility will be built in the Zhuhai National Hi-Tech Industrial Development District in China’s Guangdong province, and according to sources, the assembly will be 90% automated “to provide the highest levels of precision and performance” and will …

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1 MIN READ

USA: Philip Morris International to become majority shareholder of Swedish Match

December 6, 2022
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Mergers & Acquisitions, North America, Tobacco

Philip Morris International (PMI) has become the majority shareholder of the leading oral nicotine company Swedish Match. PMI has acquired 93 percent of the shares in Swedish Match and its portfolio of oral nicotine products in a move to accelerate its objective of a smoke-free future replacing cigarettes with science-based, better alternatives to smoking products. “We are delighted to have obtained over 90 percent ownership of Swedish Match, allowing us …

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1 MIN READ

Switzerland: Philip Morris International to launch Bonds by Iqos

November 22, 2022
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Europe, Manufacture & Distribution, Tobacco

Multination tobacco manufacturer Philip Morris International (PMI) has announced the launch of Bonds by Iqos, its latest heat-not-burn tobacco system to be used with specially designed tobacco sticks, Blends. The product offers an alternative to consumers who want to “replace cigarettes with innovative, science-based, smoke-free alternatives”. “Providing a range of alternatives to continued smoking—with a variety of taste, technology, usage, and price options—is imperative and helps us to address a …

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1 MIN READ

UK: BAT to invest in Charlotte’s Web

November 16, 2022
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Europe, Mergers & Acquisitions, Tobacco

Multinational tobacco manufacturer British American Tobacco (BAT) has announced a c.£48.2 million investment in Charlotte’s Web Holdings, a producer of hemp extract wellness products in the USA. “Our investment in Charlotte’s Web represents another step for BAT in our exploration beyond tobacco and nicotine, as we continue to build a strong foundation to deliver A Better Tomorrow,” said Kingsley Wheaton, Chief Growth Officer at BAT. Jacques Tortoroli, CEO of Charlotte’s …

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1 MIN READ

USA: Juul to secure funds to avoid bankruptcy

November 14, 2022
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Mergers & Acquisitions, North America, Tobacco

Juul Labs has secured an investment from some of its early investors to keep the e-cigarette business operations avoiding the bankruptcy. Juul plans to lay off abut 400 people and reduce its operation budget by 30% to 40%. The company has been facing financial strains since the FDA banned Juul’s vaping products this year and then put the ban on hold pending further review. The uncertainty around the ban has …

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1 MIN READ

Japan: JT Group and Altria announce joint venture

November 4, 2022
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Mergers & Acquisitions, North America, Tobacco

Leading international tobacco company Japan Tobacco has announced a joint venture between the JT Group, through its subsidiary JTI, and the leading US tobacco firm Altria Group, through PM USA. According to the Japan Tobacco’s press release, the join venture was formed to market and commercialise heated tobacco sticks (HTS) products in the USA, using Ploom devices and Marlboro consumables. A long-term, non-binding global memorandum of understanding was signed to …

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1 MIN READ

USA: Philip Morris International to reach agreement with Altria Group

October 24, 2022
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Manufacture & Distribution, North America, Tobacco

Philip Morris International (PMI) has reached an agreement with Altria Group (Altria) to end the companies’ commercial covering IQOS in the USA. From 30th April 2024, PMI will have full rights to sell IQOS in the USA. As part of the agreement, PMI will pay a total cash consideration of $2.7 billion. The agreement between the two companies for the commercialization of heat-not-burn products in the USA was established in …

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1 MIN READ

Germany: BAT to acquire minority stake in Sanity Group

September 28, 2022
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Europe, Mergers & Acquisitions, Tobacco

Multinational tobacco company British American Tobacco (BAT) has announced the acquisition of a non-controlling minority stake in Sanity Group. Founded in 2018, Sanity Group aims to improve quality life using cannabinoids. The investment will help the German company to expand and strengthen research and development activities. “Our goal is to leverage the full potential of the cannabis plant and to explore and harness the different cannabinoids – with the new …

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1 MIN READ

Japan: BAT to launch Glo Hyper X2 heated tobacco device

July 22, 2022
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Asia Pacific, Manufacture & Distribution, Tobacco

Multinational tobacco manufacturer British American Tobacco (BAT) has announced the launch of its latest innovation, a state-of-the-art heated tobacco product in Japan. Glo Hyper X2 heated tobacco device has an innovative new ‘barrel styling’ design is shaped by consumer insights, offering new, innovative, user-friendly features. The item incorporates advanced induction heating technology encased in a smaller, lighter weight device. “The launch of glo™ hyper X2 – our newest, state-of-the-art heated …

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1 MIN READ

USA: Altria to sell Ste. Michelle Wine Estates Business

September 9, 2021
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Alcoholic Drinks, Mergers & Acquisitions, North America, Tobacco

Multinational tobacco firm Altria Group has announced that its subsidiary, UST LLC, has entered into a definitive agreement to sell its Ste. Michelle Wine Estates to Sycamore Partners Management private equity firm for a price of approximately $1.2 billion. Ste. Michelle Wine Estates is the largest winery in the Pacific Northwest and among the largest premium wineries in the United States, farming more than 30,000 acres and distributing its wines …

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1 MIN READ

Denmark: Philip Morris International to acquire Fertin Pharma

July 5, 2021
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Europe, Mergers & Acquisitions, Tobacco

Tobacco manufacturer Philip Morris International (PMI) has announced the acquisition of Fertin Pharma for DKK 5.1 billion (approximately USD 820 million). Fertin Pharma is a leading developer and manufacturer of innovative pharmaceutical and well-being products, specializing in the research, development and production of gums, pouches, liquefiable tablets, and other solid oral systems for the delivery of active ingredients, including nicotine. The company has more than 850 employees in its facilities …

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1 MIN READ

UK: Imperial Brands to sell Premium Cigar business for €1,225 million

April 27, 2020
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Europe, Mergers & Acquisitions, Tobacco

Tobacco enterprise Imperial Brands has announced the sale of its worldwide premium cigar business to investment consortia of individual investors for €1,225 million. This deal will include the sale of hand-rolled Cuban cigars brands Cohiba and Montecristo, as well as 50% stake Cuba’s official exporter Habanos. According to sources, this disposal reinforces the company’s focus on simplifying its business, allowing the company to pay its debt. Joint Interim Chief Executives …

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1 MIN READ

USA: Altria buys 35% stake in e-cigarette firm Juul

January 3, 2019
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Mergers & Acquisitions, North America, Tobacco

Multinational tobacco firm Altria has announced it has paid $12.8 billion to acquire a 35% stake in e-cigarette company Juul. Announcing the purchase, Altria said the move would allow Juul the opportunity to reach adult smokers through prime retail shelf space, inserts in cigarette packs and an adult smoker database. It added that the service agreements would accelerate Juul’s mission to switch adult smokers to e-vapour products. Commenting on the …

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1 MIN READ

Canada: Altria invests in cannabis firm

December 10, 2018
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Mergers & Acquisitions, North America, Tobacco

Altria, the multinational tobacco firm, has diversified into the cannabis sector with the acqusition of a 45% equity stake in Cronos Group for an aggregate investment of approximately USD $1.8 billion. Altria said the deal would leave it better positioned should cannabis become federally permitted in the US. Cronos Group is a vertically integrated cannabis company that operates the Canadian licensed producers Peace Naturals Project and Original BC, with a portfolio of brands which …

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1 MIN READ

Japan: Japan Tobacco acquires Mighty Corp for $1 billion

August 24, 2017
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Asia Pacific, Mergers & Acquisitions, Tobacco

Global cigarette manufacturer Japan Tobacco has announced that it is buying Mighty Corp, the number two cigarette company in the Philippines, for 46.8 billion PHP ($936 million). According to executive vice president of Japan Tobacco, Mutsuo Iwai, “This major acquisition in Southeast Asia adds to our recently announced full-scale entry into Indonesia, and will further enhance our business base in the region”. In August, Japan Tobacco announced that it would take a …

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1 MIN READ

Indonesia: Japan Tobacco acquires Karyadibya Mahardhika

August 10, 2017
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Asia Pacific, Mergers & Acquisitions, Tobacco

Global tobacco firm, Japan Tobacco has announced the acquisition of kretek cigarette company Karyadibya Mahardhika and its distributor for $677 million, in a deal that will see it buy 100% of the outstanding shares in the Indonesian firm. Japan Tobacco said the acquisition would “give the JT Group immediate scale and presence on a nationwide level in the Indonesian kretek market”. Indonesia is described as the world’s second largest tobacco …

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1 MIN READ

UK: BAT to acquire Reynolds American Tobacco

July 20, 2017
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Europe, Mergers & Acquisitions, Tobacco

BAT has announced the acquisition, through a subsidiary company, of the remaining 57.8% of Reynolds American Tobacco. The acquisition, which has been approved byh shareholders of both companies, is expected to be completed by the end of the month. On the day if completion, the company will start trading on the New York Stock Exchange under the existing trading symbol BTI. Nicandro Durante, BAT chief executive, commented: “We are delighted …

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1 MIN READ

Germany: Philip Morris to construct facility for smokeless cigarettes

June 26, 2017
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Europe, Manufacture & Distribution, Tobacco

Philip Morris, the leading tobacco firm, has announced plans to construct a new facility in Germany for the manufacture of smoke-free cigarettes. The result of a €290 million ($323 million) investment, the new plant will manufacture the firm’s IQOS brand of tobacco steaks that “uses revolutionary technology that heats tobacco without burning it, giving you the true taste of tobacco with no smoke, no ash and less smell”. According to …

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1 MIN READ

Poland: Japan Tobacco International opens new plant

June 22, 2017
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Europe, Manufacture & Distribution, Tobacco

Japanese cigarette manufacturing company Japan Tobacco International has opened a new plant in Lodz, Poland, with an estimated investing amount of $200 million. According to Handel Extra, the new factory will employ up to 400 people, bringing Japan Tobacco International’s total workforce in Poland to 1,500. The new 70,000 sq m “technologically advanced manufacturing site” will operate to produce tobacco for more than 30 billion cigarettes per year, including cigars …

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1 MIN READ

UK: Philip Morris announces business restructure

April 27, 2017
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Europe, Manufacture & Distribution, Tobacco

Philip Morris, the tobacco giant is planning to restructure its business operations to phase out conventional cigarettes, focusing on less harmful alternatives such as electronic cigarettes and heated tobacco products, according to a report in the Times. The company is said to be planning to create a single multi-category business, integrating its cigarette, heated tobacco and e-cigarette operations in PM Limited (UK and Ireland). In a “commitment to a smoke-free …

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1 MIN READ

Japan: Japan Tobacco acquires stake in National Tobacco Enterprise Ethiopia

July 19, 2016
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Asia Pacific, Mergers & Acquisitions, Tobacco

Japan Tobacco, the world’s third largest tobacco firm by market share, has announced that it has signed an agreement with the Ethiopian government to acquire 40% of the total shares in National Tobacco Enterprise Ethiopia, which has a monopoly in Ethiopia, for $510 million. Japan Tobacco outbid a number of competitors in a tender process, including British American Tobacco, which is believed to have offer $230 million, according to an …

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1 MIN READ

Brazil: Santa Cruz ceases operations at Porto Alegre plant

February 18, 2016
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Latin America, Manufacture & Distribution, Tobacco

Santa Cruz, a subsidiary of UK-based cigarette manufacturer British American Tobacco, has  announced the closure of production facilities at its Cachoeirinha location in Porto Alegre, Brazil. According to Correio do Povo, the move will see the factory itself closed down, although the  research and development facility at the site will remain in operation. In a statement, Souza Cruz blamed the measure both on the impact of counterfeit goods in the …

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2 MIN READ

Gama Innovation Award: Lucky Strike Double Click Cigarettes

December 15, 2015
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Europe, Tobacco

Gama Innovation Award – Product MANCHESTER – 15th December 2015: The Gama Innovation Award – Product for December goes to Lucky Strike Double Click Cigarettes, a new flavour-changing launch from BAT in Poland. An attempt to make cigarette smoking a more interactive experience, Lucky Strike Double Click Cigarettes allow smokers to choose from two different flavours within the same cigarette. By clicking one of two different ‘buttons’ on the cigarette, consumers …

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1 MIN READ

Japan: Japan Tobacco strengthens presence in Iran

October 20, 2015
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Asia Pacific, Mergers & Acquisitions, Tobacco

Japan Tobacco has bolstered its presence in the Iranian tobacco industry through the acquisition of a local cigarette manufacturer, according to a report in the Financial Times. Through its Iranian subsidiary JTI Pars, the company is said to have purchased tobacco firm Arian Tobacco Industry (ATI) for an undisclosed sum. Japan Tobacco currently produces cigarette products – including brands such as Winston, Magna and Monte Carlo – at a JTI …

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1 MIN READ

Japan: Japan Tobacco buys Natural American Spirit outside US for $5 billion

October 14, 2015
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Asia Pacific, Mergers & Acquisitions, Tobacco

Japan Tobacco has announced that it is to buy $5 billion of cigarette assets from rival tobacco firm Reynolds American to acquire the Natural American Spirit business outside the US. The company said that the deal included the trademarks and all outstanding shares of Reynolds American’s subsidiaries outside the US which sell the brand. Japan Tobacco added that the Natural American Spirit brand had “provided a unique product offering and …

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1 MIN READ

Chile: BAT to cease operations

July 14, 2015
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Latin America, Manufacture & Distribution, Tobacco

British American Tobacco (BAT) has announced the closing of its operations in Chile due to changes in tobacco regulations in the country, according to a report in ABC News. The move is said to be in response to new restrictions and requirements on cigarette companies in the country, including the banning of additives such as menthol and larger warning messages on packaging. The company commented on its decision by saying: …

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2 MIN READ

Frozen foods lead the way in convenience claims

April 16, 2015
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Alcoholic Drinks, Food, Global, Health & Beauty, Household Care, Insight by Gama Compass, Pet Care, Tobacco

Insight by Gama Compass™ MANCHESTER – 16th April 2015: From the growth in on-the-go breakfast foods to the rise of multifunctional “alphabet creams” in the cosmetics market, convenience benefits have driven many of the breakthrough innovation trends in the FMCG space over the past few years. However, as the latest analysis of product launches reported by Gama Compass™ over the last 12 months can reveal, claims relating to convenience – …

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1 MIN READ

Brazil: British American Tobacco considers buying out minorities of Souza Cruz

February 24, 2015
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Latin America, Tobacco

British American Tobacco (BAT) has revealed that it is considering buying out the minority of its Brazilian unit, Souza Cruz SA, thus allowing it to take full control of the largest tobacco company in Brazil, according to a report in Bloomberg. BAT said that it was evaluating a possible public tender offer to acquire up to all of the 24.7% of Souza Cruz shares which are not currently owned by …

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1 MIN READ

USA: Reynolds America Inc to launch Revo ‘heating’ cigarettes

November 19, 2014
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North America, Tobacco

Reynolds America Inc is to launch new Revo “unconventional cigarettes” that heat tobacco rather than burning it, releasing tobacco-flavoured vapour instead of traditional smoke, according to a report from AP. Revo is described as a rebranded version of the previous Eclipse heat-not-burn product introduced in 1990s and uses a  technology based on a carbon tip to heat tobacco after it has been lit. J. Brice O’Brien, head of consumer marketing …

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1 MIN READ

UK: Imperial Tobacco records drop in annual revenue

November 6, 2014
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Europe, Tobacco

Tobacco firm Imperial Tobacco has announced its preliminary results for the fiscal year ended 30 September 2014, posting a decline in total adjusted revenue of 6% to $6,576 million ($10,514 million). The company, however, pointed to “underlying volumes of Growth Brands up 7%, driven by organic growth and brand migrations” and “strong performance in Growth Markets with underlying net revenue up 7%”. Commenting on the results, Alison Cooper, Chief Executive, …

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1 MIN READ

UK: British American Tobacco reports 9 month performance

October 24, 2014
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Europe, Tobacco

British American Tobacco (BAT) has reported its financial results for the  9 months ended 30 September 2014, posting what it described as “a good performance in a challenging environment”. The results demonstrated continued strong growth of the Global Drive Brands, good market share performance in key markets and a 1% decrease in volume, the company said. Revenue grew by 2.4% at constant rates of exchange, however movements in many of …

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1 MIN READ

Denmark: Scandinavian Tobacco Group acquires Torano Family Cigar Company brands

September 16, 2014
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Europe, Tobacco

Scandinavian Tobacco Group (STG)  has announced the acqusition of all brands belonging to US-based cigar firm Torano Family Cigar Company. The transaction, the terms and conditions of which were not disclosed, will see Scandinavian Tobacco acquire the entire Torano Family portfolio, assuming responsibility for ownership and distribution. STG said the acquisition would strengthen the position of General Cigar, a wholly-owned subsidiary of STG and the US market leader for handmade …

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1 MIN READ

UK: Japan Tobacco International launches “signature blend” organic Amber Leaf tobacco

August 12, 2014
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Europe, Tobacco

Japan Tobacco International (JTI)  is expanding its range of rolling tobacco with a new premium Signature Blend line under the Amber Leaf brand which is made with organic Brazilian tobacco. Amber Leaf is produced by the Gallaher Group, a division of JTI, and is sold in countries such as  Japan, the USA and the United Kingdom. Launched  on the 1st August, Amber Leaf Signature Blend comes in two pack formats: …

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1 MIN READ

India: ITC moves into e-cigarette business

August 7, 2014
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Asia Pacific, Tobacco

ITC, India’s largest cigarette manufacturer, has announced that it is intending to expand its business by moving into the electronic cigarettes market, the Economic Times reports. According to company chairman YC Deveshwar, ITC is in conversations with government to develop a framework under which its range of e-cigarettes can be launched. Mr Deveshwar said that by the time it was established that e-cigarettes were less harmful than standard products, the …

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1 MIN READ

UK: BAT to introduce ‘charge-on-the-go’ e-cigarettes

August 5, 2014
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Europe, Tobacco

British American Tobacco (BAT) is to introduce a new ‘charge-on-the-go’ e-cigarette in a bid to tackle the problem of battery life in the category, Bloomberg reports. Due for launch in August, the new version of Vype eSticks can be continuously charged via the packaging, which users plug in overnight. Kingsley Wheaton, BAT’s director of regulatory affairs, said: “One of the problems with small batteries in small e-cigs is that the …

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1 MIN READ

USA: Tobacco industry set for shake-up with Lorillard acquistion

July 16, 2014
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North America, Tobacco

In a move that is set to shake-up the US tobacco market, Reynolds American Inc, the second-largest player in the country, has acquired the third largest, Lorillard Inc for $25 billion, or $27 billion including debt. Reynolds, which owns brands such as Camel and Pall Mall, will now get a stronger foothold in menthol cigarettes through Lorillard’s Newport brand, described by Reuters as a growing brand in a cigarette market …

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1 MIN READ

Japan: Japan Tobacco acquires e-cigarette brand E-Lites

June 16, 2014
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Asia Pacific, Tobacco

Japan Tobacco Inc. (JT)  has announced that it has concluded an agreement that will see it take ownership of the e-cigarette brand E-Lites. Under the terms of the agreement, JT is to acquire all the outstanding shares of Zandera Ltd. which JT described as offering the most recognized range of high quality rechargeable and ready-to-use e-cigarettes in the UK. “Our investment in Zandera provides the JT Group with an excellent …

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1 MIN READ

UK: Three times as many electronic cigarette consumers as two years ago, report finds

April 30, 2014
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Europe, Tobacco

The latest figures release from Ash (Action on Smoking and Health), a health charity, has shown that in the past two years the number of electronic cigarette users has tripled in the UK. Their research revealed an estimated increase from 700,000 to 2.1 million users in the period between 2012 and 2014. The report also shows close to two-thirds of users were smokers and one third were ex-smokers, an increase …

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1 MIN READ

UK: STG launches “super value for money” cigars

April 16, 2014
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Europe, Tobacco

STG UK (Scandinavian Tobacco Group UK) has announced that it is to launch its new Break brand of cigarillos with which it is aiming to open up a new super value for money (SVFM) segment in the cigar category. Break Filter Cigarillos, which will be available from May, are claimed to offer a smooth filtered smoke. The mini cigars are described as coming with an inbuilt filter as well as …

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1 MIN READ

Netherlands: Philip Morris to close its largest plant

April 9, 2014
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Europe, Tobacco

Philip Morris International Inc. (PMI) announced its plans to close its Bergen op Zoom manufacturing facility in the Netherlands. The company said the decision was down to dwindling demand for traditional smoking products in Europe because of an increase in health awareness, a weak economy and higher taxes on smoking products. The closure will result in 1,230 job losses, but production will be shifted to other factories in Europe with …

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1 MIN READ

UAE: e-cigarette ban will not be overturned

March 31, 2014
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Middle East & Africa, Tobacco

The National reports that, despite requests from retailers in the country, the United Arab Emirates will not overtun a ban on the sale of e-cigarettes and e-shisha pipes in the country. A number of municipalities had referred store owners to the Ministry of Health for advice on applying for licenses to sell e-cigarettes, however the ministry stated that an examination of the products had found them to be harmful to …

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1 MIN READ

Tradeshow Insight: Food & Drink Expo 2014

March 27, 2014
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Alcoholic Drinks, Europe, Food, Non-Alcoholic Drinks, Tobacco, Tradeshows

From Monday to Wednesday of this week, the great and the good from the UK food and drinks industry gathered at the NEC in Birmingham for Food & Drink Expo. Now into its 20th year, the biannual event saw over 400 companies – ranging from startup brands to the industry’s major names – showcase the latest innovations and ideas from all areas of the food, drinks, packaging and convenience goods …

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1 MIN READ

UK: Ten Motives e-cigarette advert censured over health claim

March 12, 2014
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Europe, Tobacco

The Guardian reports that an advert for Ten Motives e-cigarette advert in the UK has been banned after the Advertising Standards Authority (ASA) ruled that its claims to be “the healthier smoking alternative” could not be substantiated. A leaflet from Ten Motives also claimed that “because it contains no tar or cancerous toxins, you can still enjoy smoking without worrying about the effects on your health”. The company argued that …

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1 MIN READ

Germany: Poschl Tobacco Group hires new managing director

March 6, 2014
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Europe, Tobacco

With effect from 6 February, Katharina Poschl has replaced her father Dr. Ernst Poschl as one of two managing directors at the leading global snuff company Poschl Tobacco Group. With global market share of about 50% in snuff tobacco, the company also produces pipe and rolling tobaccos. The company’s revenue in 2013 was $634 million. Dr. Poschl had been with the company since 1980, serving for 36 years in total. …

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1 MIN READ

Malaysia: BAT Malaysia profits up

February 27, 2014
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Asia Pacific, Tobacco

According to media reports, British American Tobacco (Malaysia) Bhd’s profit before tax rose 3.3% in Q4 2013. The company recorded MYR 254.30 million ($77.7 million) profit in Q4 2013 compared to MYR 246.12m ($75.2 million) a year ago, due to growth in contract manufacturing volume for export and lower operating expenses. However, the domestic market income has been impacted by year-on-year volume decline. The company’s leading brand – Dunhill – …

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1 MIN READ

Greece: Karelia reveals record sales volumes, issues employee bonuses

January 20, 2014
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Europe, Tobacco

Greek-owned tobacco company Karelia increased its sales by 8% in 2013, the Athens News Agency has reported. The vast majority of its annual cigarette production was exported, bringing €170 million to the country in foreign currency, according to sources. Speaking at an annual employee event, CEO Andreas Karelia is said to have commented: “For the first time in our history, we sold a record 16.8 billion cigarettes in Greece and …

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1 MIN READ

China: Public smoking ban could be implemented by 2015

January 14, 2014
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Asia Pacific, Tobacco

China could be set to implement a ban on smoking in public places by as early as next year, The Tobacco Journal is reporting. National Health and Family Planning Commission spokesman Mao Qunan is reported as saying that officials hope to implement a nationwide ban on smoking in public places by the end of 2015. The regulation is being developed with the State Council, and the Commission hopes to persuade …

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1 MIN READ

Europe: Agreement reached on further tobacco curbs

December 24, 2013
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Europe, Tobacco

The European Parliament has provisionally agreed to a new directive that will impose tighter restrictions on tobacco manufacturers in Europe. Among the measures announced in the directive are the banning of menthol cigarettes, 10-packs, and smaller packs of roll-your-own tobacco, as well an increase in the size of health warnings to 65% of packaging. The directive also proposes making it compulsory to record and keep track of the movement of …

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1 MIN READ

Japan: Japan Tobacco invests in Russian distributor

December 23, 2013
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Asia Pacific, Tobacco

Japan Tobacco has bought a stake in Russian tobacco distributor Megapolis. The 20% stake was reportedly acquired for more than $750 million, with another $100 million tied to Megapolis’s “operational performance”. The investment by Japan Tobacco is designed to enable it to further penetrate the Russian tobacco market, the second biggest in the world behind China. Megapolis has 70% share of Russia’s distribution market and delivered more than 260 billion …

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1 MIN READ

USA: Philip Morris moving into e-cigarette business

November 26, 2013
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Global, North America, Tobacco

Philip Morris International, the world’s largest tobacco company, is looking too break into the e-cigarette market in 2014, according to media reports. Philip Morris International has plans set to enter the $2 billion plus global market, as demand for the less harmful alternative to conventional cigarettes continues. The new range is reportedly to be be called ‘Reduced-Risk’ and, according to Philip Morris chief executive Andre Calantzopoulos, “2014 will be a …

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