25 Jul 2017.
British American Tobacco (BAT) completed the acquisition of Reynolds American Inc. (RAI), the number two cigarette maker in the US, and will become the world’s largest publicly listed tobacco company.
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UNITED STATES
Christie signs minimum tobacco age bill into law
24 Jul 2017.
Governor Chris Christie signed into law a bill that added New Jersey to a growing list of US states and municipalities that have raised the minimum purchase age for tobacco products to 21.
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SWEDEN
Cigars boost Swedish Match in second quarter
24 Jul 2017.
Swedish Match second-quarter sales and operating profit rose 8 per cent as strong cigar sales offset a downturn in the US moist-snuff market, the company’s earnings statement shows.
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UNITED KINGDOM
Three RAI directors to join BAT board
21 Jul 2017.
British American Tobacco announced three Reynolds American (RAI) directors will join the BAT board as independent non-executive directors once the acquisition is finalised.
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SWITZERLAND
JTI launches Ploom Tech in Switzerland
21 Jul 2017.
Japan Tobacco International (JTI) has begun marketing its Ploom Tech tobacco vapour product in Switzerland, which the company said marked the first launch of the device outside Japan.
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WORLD
WHO report cites need for stronger industry blocks
20 Jul 2017.
The World Health Organisation cited “notable progress” to reduce tobacco use in its latest Global Tobacco Epidemic report and called for better controls on “shameless” industry interference.
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UNITED STATES
PMI smokeless products blunt cigarette decline
20 Jul 2017.
Philip Morris International (PMI) cigarette volume fell 7.5 per cent to 193.5 billion sticks in the second quarter, a drop of 16 billion led by a 16.6 per cent decline in Asia, the company said.
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Oakland to ban sales of menthol cigarettes
20 Jul 2017.
City councillors in Oakland voted to ban sales of flavoured tobacco products, including menthol cigarettes, making it the second California city after San Francisco on 20 June, the East Bay Times said.
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UNITED KINGDOM
Shareholders approve BAT-RAI merger
19 Jul 2017.
British American Tobacco and Reynolds American Inc shareholders approved BAT’s acquisition of the 57.8 per cent of RAI that it does not already own, the companies said.
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Spectra’s TruBrand system gains foothold in China
18 Jul 2017.
Spectra Systems’ TruBrand product verification system, which allows smartphone users to ensure products they are buying are authentic, has been approved by China’s Tobacco Standardisation Research Centre (CTSRC), according to Stock Market Wire.
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