Category: Corporate

Management changes

Management changes

| August 30, 2017

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

Read More

Altria announces dividend

Altria announces dividend

| August 25, 2017

In announcing a dividend increase yesterday, Altria said it reflected its intention ‘to return a large amount of cash to shareholders in the form of dividends’.

Read More

Altria to host webcast

Altria to host webcast

| August 24, 2017

Murray Garnick, executive vice president and general counsel, law and regulatory affairs, will be one of two Altria representatives at a business presentation next month.

Read More

JT acquires Mighty Corp

JT acquires Mighty Corp

| August 22, 2017

With the acquisition of Mighty Corporation, the Japan Tobacco group has become the second largest tobacco company in the Philippines, the 10th largest tobacco market.

Read More

US urged to probe BAT

US urged to probe BAT

| August 21, 2017

The Campaign for Tobacco Free Kids has described allegations about British American Tobacco’s conduct as alarming, given the merger of BAT and Reynolds American in the US.

Read More

JT’s domestic volume down

JT’s domestic volume down

| August 18, 2017

Japan Tobacco Inc’s domestic cigarette sales volume was down by just over 12 percent during July, as was its domestic cigarette revenue.

Read More

Mini-tender targets BAT

Mini-tender targets BAT

| August 18, 2017

A mini-tender launched on August 12 by TRC Capital Corporation aims to buy up to 2,000,000 British American Tobacco American Depositary Shares.

Read More

BEST knows best

BEST knows best

| August 16, 2017

In what some would see as an unwarranted interference with personal freedoms, an Indian company is apparently trying to encourage and force its customers and employees to quit tobacco.

Read More

Sale confirmed

Sale confirmed

| August 9, 2017

The sale to Japan Tobacco Inc. of Gudang Garam’s subsidiary Karyadibya Mahardika and its distributor Surya Mustika Nusantara has been confirmed in a regulatory filing.

Read More

Burley in short supply

Burley in short supply

| August 4, 2017

Overall, tobacco crop qualities are good and Burley looks like being in short supply.

Read More

AOI volume stable

AOI volume stable

| August 4, 2017

Alliance One International says that it is well positioned to supply tobacco both for traditional-tobacco products and for new-generation products being developed.

Read More

JT acquires kretek firms

JT acquires kretek firms

| August 4, 2017

The acquisition of a kretek manufacturer and its distributor is set to widen Japan Tobacco’s horizons within Indonesia’s huge cigarette market.

Read More

Coesia acquires Molins

Coesia acquires Molins

| August 4, 2017

With its acquisition by Coesia, Molins has joined a stable of companies that includes G.D and Sasib.

Read More

JT’s volume plummets

JT’s volume plummets

| August 2, 2017

The Japanese market for traditional cigarettes dropped like a stone during the first half of this year, partly in line with long-term trends but also because of the switch by smokers to heated-tobacco products.

Read More

Earnings hit in Indonesia

Earnings hit in Indonesia

| August 2, 2017

A perfect storm of tax increases, anti-tobacco regulations and fierce competition have taken their toll on the earnings of Indonesia’s big cigarette manufacturers.

Read More

BAT under investigation

BAT under investigation

| August 1, 2017

The UK Serious Fraud Office has opened a formal investigation into allegations of misconduct by British American Tobacco.

Read More

PM USA’s volume down

PM USA’s volume down

| July 28, 2017

While Altria reported cigarettes sales down in the three months to the end of June, its sales of cigars and smokeless tobacco products were up.

Read More

BAT’s volume down

BAT’s volume down

| July 27, 2017

British American Tobacco’s cigarette volume was down sharply in the first six months of this year, but it says it has made good progress with its next-generation-product business.

Read More

BAT acquires RAI

BAT acquires RAI

| July 26, 2017

As had been expected, British American Tobacco yesterday completed its acquisition of Reynolds American Inc.

Read More

Profit up at Swedish Match

Profit up at Swedish Match

| July 24, 2017

Swedish Match’s operating profit during the second quarter to the end of June was up by eight percent on its profit for the second quarter of last year.

Read More