Tobacco

US Consumers 'Hunkering Down' As Inflation, Economic Slowdown Hits: Moody's

Consumers in the United States are 'hunkering down' as growing inflation and economic slowdown 'hits home', a new report from Moody's has found.

Philip Morris To De-List Swedish Match After Raising Stake To 93%

Philip Morris International (PMI) said it now owned a big enough stake in Swedish Match to initiate a compulsory redemption of remaining shares in its Swed...

BAT Invests In Hemp-Based Wellness Products Maker Charlotte’s Web

BAT Group has announced an investment of approximately £48.2 million (€55.2 million) in Charlotte’s Web Holdings, a Colorado-based busines...

Imperial Brands Reports Double-Digit Growth For 'Next Generation' Tobacco Products

Tobacco maker Imperial Brands has reported a 10.8% increase in sales in its 'next-generation products' division in the year to 30 September, with its tobac...

Philip Morris Wins Elliott Backing For $16bn Swedish Match Takeover: Report

Activist investor Elliott Management Corp has decided to back Marlboro-maker Philip Morris International's (PMI) $16 billion (€16.03 billion...

Elliott Raises Swedish Match Stake Again As Philip Morris Deadline Looms

Activist investor Elliott Management Corp has raised its stake in Swedish Match to over 10%, it said in a filing on Friday (28 October), increasing its clo...

Philip Morris To Get EU Nod For Swedish Match With Asset Sale, Sources Say

Philip Morris is set to gain EU antitrust approval for its $16 billion (€16.2 billion) bid for Swedish Match after offering to sell the target's logis...

Altria Gets $2.7bn From Philip Morris For IQOS U.S. Sales Rights

U.S. cigarette maker Altria Group Inc said industry peer Philip Morris International Inc (PMI) has agreed to pay it $2.7 billion (€2.76 billion) for t...