Hints and tips:
...This commenced in 2020 and has yet to approve a single flavoured vape....
...PMI is at the forefront of the tobacco sector’s efforts to shift away from cigarettes, pledging to phase out combustibles and make a majority of net revenues in smoke-free businesses by 2025....
...Last year, Njoy received approval from the US Food and Drug Administration to continue selling its tobacco-flavoured Ace pod-based vape brand and its Njoy Daily disposable vape product, as part of the regulator...
...products, possibly including vapes....
...Russia has historically been a huge market for Big Tobacco because of high smoking rates and consumer willingness to switch to vapes and heated tobacco products....
...But gains can go up in smoke at the slightest whiff of a health-related crackdown. Altria, the $75bn company behind Marlboro cigarettes in the US, offers a stark reminder of this....
...Since 2008, PMI has invested roughly $8bn in supporting its strategy for smoke-free products....
...PMI has been the most aggressive among traditional cigarette companies in its bid to gain market share in so-called new-generation products, including vapes and heated tobacco devices....
...Plus, the FT’s China correspondent, Ed White, talks about China’s vaping queen and her company's stock price which went up in smoke this week....
...Since 2008, it has invested $8bn to support its strategy for smoke-free products....
...UK LFL sales growth was +3.9% ex splits (+3.0% 3Q) and +2.6% inc splits (+1.4% 3Q). RoI LFL sales growth was -1.0% ex splits and -2.4% inc splits....
...“If you were really cynical about it, and you should be, you would say vapes are products targeted at smokers and non-smokers....
...“At the same time, we are committed to deterring young people, as well as adults who do not currently smoke, from using our products.”...
...Sweet smelling “vape” shops that sell electronic cigarettes and vapers puffing out clouds of fragrant white smoke have become common sights on UK high streets....
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