Imperial Brands, the UK-headquartered tobacco and next-generation product (NGP) manufacturer, has announced the acquisition of Swedish modern oral nicotine business Yoik Group. Yoik Group is the owner of Helwit, a modern oral challenger brand with a 3.4% domestic market share in Sweden, Europe’s largest modern oral nicotine market. Helwit is described as featuring a flavour-led portfolio, distinct Swedish design, and an online sales presence across Europe alongside select UK retail …
Imperial Brands
Imperial Brands, the UK-headquartered tobacco giant, has announced the acquisition of Black Buffalo, a modern oral nicotine business based in the United States. The transaction involves an initial consideration of $150 million, with an additional deferred sum based on performance over three years and other criteria. Established in 2015, Black Buffalo manufactures tobacco alternative long cut and pouch products that emulate traditional moist smokeless tobacco without utilizing tobacco leaf or …
ITG Brands, a subsidiary of global tobacco and nicotine business Imperial Brands, has announced the acquisition of a nicotine pouch range from Canadian manufacturer TJP Labs to aid its entry into the modern US oral market. In a statement, ITG Brands, which currently produces a range of cigarettes, cigars and vapour products, said it had acquired a 14-strong range that has performed well in consumer testing. Imperial Brands currently offers …
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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