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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Japan 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 …
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 …
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 …
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 …
Suntory Beverage & Food Ltd has said it will buy Japan Tobacco Inc’s beverage vending machine business for around 150 billion yen ($1.2 billion), according to a report in Reuters. Japan Tobacco announced in February that it would be exiting from the drinks sector, saying that the “operating environment of the beverage business in Japan has become increasingly challenging”. Commenting on the proposed deal at a media briefing, Suntory Beverage …
Japan Tobacco Inc (JT), a manufacturer of cigarettes and grocery products, has announced that it has decided to end production and sale of all beverages by the end of September 2015 due to severe market competition and lack of scale. JT entered the beverage business in 1988 and is especially known for its Roots brand of RTD coffee and flavoured bottled water in Japan. The company is the 10th largest …
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: …
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 …
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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