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...She has advised on deals including Philip Morris International’s acquisition of the smokeless tobacco company Swedish Match, and the £4bn purchase of UK department store Selfridges by Thai conglomerate Central...
...To be fair, the UK’s new policy will not directly hit traditional tobacco manufacturers such as British American Tobacco and Imperial Brands....
...The group has repeated its commitment to a smokeless world. In the rather foggier world of accounting, that means the group no longer values its US brands into perpetuity....
...BAT has reiterated its commitment to a smokeless world. In the rather foggier world of accounting, that means the group no longer values its US brands into perpetuity....
...Elliott Management, the biggest shareholder in Swedish Match, has decided to back Philip Morris’s $15.7bn offer for the smokeless tobacco specialist, putting completion of the deal within reach, according...
...British American Tobacco is to write down the value of some of its US cigarette brands by £25bn because of economic headwinds damaging sales in its biggest market....
...Even for Imperial Brands, maker of popular local brands such as John Player Special, it only accounts for a high single-digit share of revenues....
...British American Tobacco has booked a £25bn impairment charge for 2023 on some of its US cigarette brands, blaming “current macro-economic headwinds impacting the US combustibles industry”, the company said...
...Financially, big tobacco has adopted a cash cow strategy....
...In its decision, the FDA cited data from its national youth tobacco survey that showed that the Vuse brand was the second most popular among underage users, reaching 12.5 per cent of those who vape....
...Li, of U-Power, is among Chinese EV executives who want their companies to be seen as “global”....
...To quote her song (and the name of another of her fragrances), Thank U, Next!...
...Altria’s plan to come back from its disastrous $12.8bn investment in Juul is drawing it into a head to head fight for the US smokeless tobacco market with Philip Morris International, the former sister company...
...The press release does not make it clear whether any of them can access a U-Haul van should Smith need to make another move. The ‘Wait, Who’s The Boss?’...
...The global EV crown is up for grabs as brand loyalty towards gas-powered cars fades....
...He sold his Aviation Gin brand to Diageo for $600mn, and T-Mobile is awaiting approval to buy Mint Mobile in a deal that would net the Canadian actor around $300mn....
...New offerings include brands such as Planted and Heura, which each make chicken pieces with just four to five ingredients....
...Some onlookers have advised the chief executive to shed the Philip Morris name to detoxify the brand but he refuses....
...The partnership in heated tobacco will give Altria a fresh chance to gain a foothold in the $28bn smokeless tobacco market after several unsuccessful attempts....
...However, U-turns are possible: Russia’s full-scale invasion of Ukraine, for example, prompted a debate on the social utility of armaments and some investors, including Sweden’s SEB, overhauled their stance...
...The partnership will give Altria a fresh chance to gain a foothold in the $28bn global smokeless tobacco market after several unsuccessful attempts....
...Philip Morris International has raised its offer for Swedish Match by almost 10 per cent, caving to pressure from activist hedge funds in a last-ditch effort to complete the takeover of the smokeless tobacco...
...tobacco specialist....
...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...
...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...
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