Beyond cigarettes: Philip Morris lights up race with Swedish Match bid
Tobacco companies have scrambled over the past decade to find new markets as regulators crack down on cigarettes and more people quit smoking due to the health risks.
Philip Morris agrees to buy Swedish Match for $16 billion
The maker of Marlboros offered 106 kronor ($10.56) a share for the smaller business, it said in a statement, a premium of nearly 40% to Swedish Match’s closing price on Monday.
Philip Morris in talks to buy Swedish Match, maker of oral nicotine pouch products
The deal would accelerate the Marlboro-maker’s push beyond cigarettes and broaden its distribution network in the U.S. for reduced-risk products.
Tobacco nationalism is more toxic than tobacco
The Indian government, too, has a toxic dependence on tobacco. It’s called ITC Ltd.
Vaping-linked lung injuries that have killed 29 and sickened more than 1,000 people in the United States are likely to be rare in Britain and other countries where the suspect products are not widely used, specialists said Monday. Experts in toxicology and addiction said they ...
Philip Morris CEO expects countries to overturn e-cigarette bans
Philip Morris International Inc. expects regulators to gradually become more open to alternatives to cigarettes even after more than 27 governments have prohibited next-generation smokeless devices. "Eventually, countries will reverse gear," Chief Executive Officer Andre Calantzopoulos said in an interview in Tokyo. "I don't think ...
Japan Tobacco seeks approval for price hikes from Finance Ministry
Japan Tobacco Inc. on Tuesday filed for Finance Ministry approval of its plans to raise the prices of most of its products in line with the tobacco tax hike set for Oct. 1. If approved, its cigarette prices would go up by ¥20 to ¥40 ...
Tokyo is taking a stronger stance than the Diet in clamping down on smoking in public places. Other prefectures and cities should follow suit.
Public remains ignorant of the hazards associated with smoking
“Secondhand smoke” describes the fumes in the air that result from someone smoking tobacco. “Sidestream smoke” (fukuryūen) comes off the tip of the cigarette itself rather than out of the mouth of the person smoking it. Since sidestream smoke is estimated to make up ...
A proposed amendment to the law promoting public health that is supposed to curb secondhand smoking in public places has far too many loopholes.
Japan Tobacco buys Russia's No. 4 cigarette maker Donskoy Tabak for $1.6 billion
Japan Tobacco Inc. has agreed to buy Russia's Donskoy Tabak for 90 billion rubles ($1.6 billion), strengthening its leading position in Russia as competition from cigarette alternatives erodes its domestic market share. Donskoy Tabak has a 7 percent share in Russia, the world's third-largest tobacco ...
