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Scandinavian Tobacco plans public offering

Scandinavian Tobacco plans public offering

| January 18, 2016

Danish cigar and pipe tobacco manufacturer Scandinavian Tobacco Group (STG) is planning an initial public offering on the Copenhagen Stock Exchange, with its owners intending to sell as much as 40 percent of existing shares on an equal basis, reports Bloomberg. STG is currently owned 49 percent by Swedish Match and 51 percent by the […]

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FDA can use menthol report, after all

FDA can use menthol report, after all

| January 18, 2016

The U.S. Court of Appeals for the District of Columbia Circuit upheld the Food and Drug Administration’s (FDA) right to use its Tobacco Products Scientific Advisory Committee’s (TPSAC) menthol report. The ruling overturns a lower court’s 2014 ruling prohibiting the FDA from using the report. The TPSAC report concluded that menthol cigarettes are no more […]

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Companies reporting correctly on seized cigarettes

Companies reporting correctly on seized cigarettes

| January 18, 2016

There has been no evidence of incorrect reporting by tobacco manufacturers in relation to the provenance of cigarettes seized within the EU. Under agreements between the four major multinational tobacco manufacturers, the EU Commission and member states; it is the manufacturers that are responsible for identifying whether seized cigarettes are genuine or counterfeit. A penalty […]

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China’s tobacco industry increasingly important

China’s tobacco industry increasingly important

| January 18, 2016

The tobacco industry contributed more than Yuan1.1 trillion to China’s state revenue last year, 20.2 percent more than it handed over in 2014, according to a story in The China Daily citing official data from the State Tobacco Monopoly Administration. The industry accounted for 6.49 percent of state revenue in 2014, and that figure is […]

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Tobacco sellers protest about ‘licensing system’

Tobacco sellers protest about ‘licensing system’

| January 18, 2016

Cigarette and bidi sellers in Himachal Pradesh, India, on Saturday protested against the government’s decision to make registration compulsory for tobacco-product vendors, according to a story in The Hindu Online. The previous day the cabinet had decided to make registration compulsory, though it was not explained why it had thought this was a necessary step. […]

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Daly resigns from RAI’s board

Daly resigns from RAI’s board

| January 18, 2016

John P. Daly has resigned from Reynolds American Inc’s board of directors, effective February 4. Daly has served on RAI’s board since December 2010, one of five members designated by Brown & Williamson Holdings (B&W), a subsidiary of British American Tobacco (BAT), under the terms of the 2004 governance agreement, as amended, between RAI, B&W […]

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