Hints and tips:
...Evidence submitted by Reynolds to the FDA “did not demonstrate” that the products “provided an added benefit for adults who smoke cigarettes . . . relative to that of tobacco-flavoured products that is sufficient...
...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....
...The painful breakdown of his relationship with Alex Ferguson, however, is clearly still raw....
...In August, Beyond Meat launched a campaign with the slogan “There’s Goodness Here”, which shows farms where the raw material for its products is grown....
...Olczak was himself a smoker for two decades until he tried the IQOS heated tobacco device....
...oral nicotine pouches and a new device called Swic that heats tobacco capsules, will compete with PMI products Zyn, which was developed by recently acquired Swedish Match, and IQOS, the heated tobacco sticks...
...As part of the joint venture, Japan Tobacco has also committed to launch Altria’s heated tobacco devices in an international market by 2025, and the two companies are planning to develop other smoke-free...
...Juul executives have sounded out tobacco companies including Japan Tobacco and Philip Morris International in recent months about a possible investment, sale or licensing agreement, according to people briefed...
...As well as Marlboro, the company sells cigarette brands including L&M and Chesterfield, owns smoke-free tobacco product IQOS and recently bought Swedish Match, maker of the Snus oral nicotine pouch, for...
...A 2020 study by non-profit tobacco control group Truth Initiative found that 15- to-27-year-old vapers were seven times more likely to smoke than those who had never vaped....
...“Should the offer fail, we are well prepared to proceed autonomously to develop IQOS and the rest of our smoke-free portfolio in the US,” said Olczak....
...The Stockholm- headquartered group is the largest supplier of orally consumed tobacco and nicotine products in the US....
...For big tobacco bold moves are fraught, though....
...It wants half of sales to come from smoke-free products by 2025 from about one-third today....
...and lighters, to launch other smoke-free 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....
...It’s very reminiscent of tobacco litigation. No one is taking away the right to smoke cigarettes.”...
...But resentful Nomura executives that smoke to relax will have to find another solution. The Japanese investment bank has banned staff from lighting up while working....
...PMI aims for more than half of its total net revenues to come from smoke-free products by 2025....
...The timeframe is ostensibly designed to reduce unpleasant smells and the potential risks of residual smoke....
...More than 50 per cent of sales should come from smoke-free products such as the IQOS e-cigarette....
...The company’s “statement of purpose” on its website runs to 2,000 words, covering the tobacco company’s appreciation of the toxicity of its key product, and its efforts towards “a smoke-free future”....
...Smoke-free products now accounted for 28 per cent of PMI’s revenues, up from “almost zero” in 2015, he said. PMI has offered 165p per share for Vectura, compared with Carlyle’s 155p offer....
...Since 2008, it has invested $8bn to support its strategy for smoke-free products....
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