Category: Corporate

Mighty tax case closed

Mighty tax case closed

| October 9, 2017

Three tax evasion complaints against Mighty Corporation have been withdrawn following an agreement under which the Philippines’ government is to be paid about P40 billion.

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UK workers ‘furious’

UK workers ‘furious’

| October 5, 2017

Japan Tobacco International, which is said to have handed £1.6 billion to shareholders last year, has upset its UK Gallaher workers by proposing to change their pension arrangements.

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Japan’s leaf gets all clear

Japan’s leaf gets all clear

| October 5, 2017

Japan’s domestic Burley crop has been given the all-clear following tests for radioactive materials – tests that have been carried out since an accident at a nuclear power plant in 2011.

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Zambia attracts production

Zambia attracts production

| October 4, 2017

Zambia’s excise tax regime is said to favor domestic manufacturers over importers to an extent that is making British American Tobacco Zambia think about building a factory there.

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Lawsuit being retired

Lawsuit being retired

| October 3, 2017

The huge delay in implementing court-ordered, public ‘corrective statements’ by US tobacco manufacturers could render them counterproductive in the reduced-risk age.

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PMI reorganizes

PMI reorganizes

| September 29, 2017

Philip Morris International is to increase the number of its operational regions as part of its efforts to drive the company toward a future that is smoke-free.

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Imperial Brands on track

Imperial Brands on track

| September 28, 2017

In a trading statement, Imperial Brands said today that it was ‘gearing up for new launches in an extended footprint’ of new generation products.

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Marijuana poses a challenge

Marijuana poses a challenge

| September 26, 2017

There are inconsistencies in the way that regulators in Canada approach tobacco and marijuana, according to the CEO of the country’s biggest tobacco manufacturer.

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22nd Century set free

22nd Century set free

| September 26, 2017

22nd Century says that being free of a ‘restrictive license agreement’ with British American Tobacco means that it can pursue more lucrative strategic partnerships.

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Pakistani workers protest

Pakistani workers protest

| September 21, 2017

Employees of two tobacco companies in Pakistan have reportedly been sacked for trying to form unions to stand up for their employment rights.

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Mighty little market impact

Mighty little market impact

| September 19, 2017

It might have been a Mighty acquisition, but Japan Tobacco Inc.’s purchase of the Philippines’ only major indigenous manufacturer has had little impact on the balance of the market.

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New role for JT executive

New role for JT executive

| September 19, 2017

A senior executive responsible for tobacco business planning at Japan Tobacco is being moved to a new role.

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JT’s domestic volume down

JT’s domestic volume down

| September 18, 2017

Japan Tobacco Inc’s domestic cigarette sales volume was down by 13.0 percent during August, and its domestic cigarette revenue was down by 12.7 percent.

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JT on sustainability index

JT on sustainability index

| September 11, 2017

Japan Tobacco Inc. was among the one-in-four major companies that made it into the Dow Jones Sustainability Indices Asia/Pacific.

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JT’s Mighty deal completed

JT’s Mighty deal completed

| September 8, 2017

The acquisition of Mighty Corporation by Japan Tobacco Inc largely brings to an end a ‘disruptive’ period in the history of the Philippines’ cigarette market.

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$14 a year is not enough

$14 a year is not enough

| September 6, 2017

Farmworkers in Malawi are paid as little as $14 a year. Little wonder then that an international workers’ association is pushing for collective bargaining.

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SM acquires V2 Tobacco

SM acquires V2 Tobacco

| September 1, 2017

Lars Dahlgren, president and CEO of Swedish Match, says the newly-acquired, “vibrant and independent” V2 Tobacco business is a good fit with SM’s existing organization.

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PMI to webcast presentation

PMI to webcast presentation

| September 1, 2017

Philip Morris International’s presentation to the Barclays Global Consumer Staples Conference is due to begin at 13.30 Eastern Time on September 7.

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Management board changes

Management board changes

| August 31, 2017

The integration of British American Tobacco’s Next Generation Products unit into the main business is surely a sign that the company is serious about harm reduction.

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Management changes

Management changes

| August 30, 2017

The cigar producer Oettinger Davidoff has announced the appointment of a new CEO and a new chairman.

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