Hints and tips:
...Juul Labs has agreed to pay $462mn in a multi-state settlement agreement that includes California and New York, over violating state laws by marketing its products to minors....
...Marlboro maker Altria has swapped its minority stake in Juul Labs for intellectual property rights to some of the e-cigarette company’s heated tobacco prototypes, ending an investment which plummeted in...
...The US group wrote down the value of its 35 per cent stake in Juul to just $250mn before swapping it for intellectual property rights to some of Juul’s heated tobacco prototypes....
...Altria has since cut its valuation of that investment to just $250mn after Juul suffered a series of regulatory and legal blows....
...“Today, Juul Labs has identified a path forward, enabled by an investment of capital from some of our earliest investors,” the company said in a statement....
...Health, not fashion, is Juul’s way out....
...A spokesman for Juul said the company is still considering other avenues. Pity Marlboro cigarette maker Altria, which paid nearly $13bn for roughly a third of Juul Labs in 2018....
...Juul Labs, the Altria-backed e-cigarette group, must pay $438.5mn under a settlement with dozens of US attorneys-general after their two-year investigation concluded it had “cynically” advertised vaping...
...Juul makes the bulk of its revenues in the US. Juul’s fatal flaw was the popularity of its mint vapes with teenagers....
...US regulators blocked Juul Labs from selling e-cigarettes in the US market, citing the company’s central role in fuelling an epidemic of youth vaping....
...Subsequently, Altria took a 35 per cent stake in the e-cigarette manufacturer Juul Labs whose products are subject to a ban, currently stayed, by the US Food and Drug Administration and is facing possible...
...US regulators have banned Juul Labs from selling its e-cigarette products in the country, citing its role in fuelling an epidemic of teen vaping....
...Subsequently, it took a 35 per cent stake in the e-cigarette manufacturer Juul Labs, which has since had its products banned from the US and is facing possible bankruptcy....
...A recycling scheme introduced by disposable vape manufacturer Riot Labs in 800 vape shops across the UK had less than a 1 per cent take-back rate....
...The tobacco group watched its $12.8bn investment in Juul Labs go up in smoke after the e-cigarette company, which for years dominated the market, was blamed for fuelling a teenage “vaping epidemic” and the...
...FDA bans Juul products from US market US regulators have banned Juul Labs from selling its e-cigarette products in the country, citing its role in fuelling an epidemic of teen vaping....
...“For years, Juul targeted young people, including teens, with its highly addictive e-cigarette....
...The deal was called off, however, after a regulatory crackdown on e-cigarettes in the US that dented the fortunes of Juul Labs, the vaping company in which Altria had taken a stake....
...Labs....
...Wilkinson, who also DJs in a house music collective that performs in lab coats, is now . . . a wine taster. Cheers to new beginnings....
...A Juul spokesperson declined to comment....
...The change gave Juul a new valuation of about $12bn....
...Instead it will focus on helping Juul deal with regulation....
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