Tobacco

Imperial Brands Says No 'Buyback' Clause In Russia Exit

Imperial Brands has said that the terms of its recent exit from Russia did not include a clause allowing it to buy back its business there in future, in co...

Swedish Match Investors Divided Over Philip Morris Bid

Some Swedish Match investors are divided about whether Philip Morris' $16 billion offer for the Stockholm-based company is good value for one of the world'...

Philip Morris Bids €15bn For Swedish Match

Philip Morris International Inc said it was making a recommended cash offer to buy tobacco and nicotine products maker Swedish Match for SEK 106 Swedish cr...

Imperial Brands Sells Russian Business

Imperial Brands has announced the transfer of its Russian business to investors based in Russia, subject to finalisation of the registration of the transac...

Philip Morris Sees Earnings Impact From Ukraine War

Marlboro maker Philip Morris International Inc cut its full-year earnings forecast on Thursday, hurt by the pullback of its Russian operations, higher cost...

Philip Morris Working On Options To Exit Russian Market

Marlboro maker Philip Morris International Inc is working on options to exit the Russian market, citing a complex and rapidly changing regulatory and opera...

Imperial Brands Flags Small Profit Hit From Russia Exit

Imperial Brands has started talks to transfer its Russian business to a local third party following the Ukraine crisis, the tobacco company said, while fla...

L'Oréal, Imperial Brands Suspend Russian Operations

L'Oréal is temporarily closing its stores in Russia and suspending investments in the country, joining dozens of Western companies pausing operation...