Altria takes 80% stake in Swiss tobacco company Burger Sohne's global businesses for $372 million as cigarette sales shrink

faster than expected, prompting Altria to pursue new avenues for growth.

"This acquisition will add another non-combustible product to our portfolio in what we believe is a high-potential, rapidly-developing oral products category," Altria CEO Howard Willard said in a statement. Altria said On was introduced before Aug. 8, 2016, the deadline for new tobacco products to enter the market without first receiving the FDA's permission. The brand's products currently available in "several thousand" stores in the U.S. in addition to Sweden, Japan and online.possibly opening them up to regulatory scrutiny.

Altria spokesman David Sutton said in an email that the company has "no data" suggesting minors are accessing the products but it's "committed to preventing kids from using any nicotine-containing products." "In our preliminary qualitative research, the portfolio of various flavors and strengths is a compelling proposition to adult tobacco consumers as they search to find the flavors and strengths that are right for them," he said. "We are assessing the portfolio and will share expansion plans soon."

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Disney CEO casts doubt the company will continue filming in Georgia if abortion law takes holdDisney joins Netflix in distancing itself from doing business in the state after the passage of a highly restrictive abortion law. What interest do Disney Shareholders have in this issue. Totally inappropriate for a public company to make a stand on this debate. Chickenshit statement Just dumb
La source: washingtonpost - 🏆 95. / 72 Lire la suite »

How the trade war between China and America is changing global businessA decade ago Chinese banks were peripheral in Asian high-finance. Now Wall Street firms are not as essential as they used to be chinesse 😀 bdfbfd
La source: TheEconomist - 🏆 6. / 92 Lire la suite »

Sports Illustrated Sold for $110 Million to Licensing Company Authentic BrandsMeredith agreed to sell Sports Illustrated for $110 million, more than a year after putting it on the block, but that doesn’t mean the fabled sports magazine is leaving the family. Is that the real reason behind all the SJW nonsense in the SI_Swimsuit charlie_isen “Someone will be doing their JR when SI gets sold” - joe_f_wilkinson Congrats calebfriedman ?
La source: WSJ - 🏆 98. / 63 Lire la suite »

More Americans Are Living Solo, and Companies Want Their BusinessConsumer-products firms are catering to single-person households, upending generations of family-focused marketing; smaller appliances, individual packaging, giant toilet-paper rolls. I think they're called cupcakes. This is pretty smart. Would love to see what wongdoody’s Mother Board feels about this. the old family idea has disappeared and that is a reason why so many children are now growing up to be problem adults
La source: WSJ - 🏆 98. / 63 Lire la suite »

Total takes on Toshiba's U.S. LNG business after Chinese buyer pulls outTotal will take over Toshiba's U.S. liquefied natural gas business and get ... Good Yea China pulled out of Alaskas 46 billion dollar LNG project and purchasing seafood. Alaska was already hurting and now Trump is killing us! Putin laughing spreads his wings.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Japan business lobby urges sales tax hike to proceed as plannedThe head of a Japanese business lobby said a planned sales tax hike should proce... Of course a 'lobby' wants that. Japanese people, rise up. Eat the rich.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Firefly Raises $30 Million To Expand Its Billboard Business To Tops Of New York Taxis, UbersFirefly is bringing its digital taxi toppers to New York City, thanks to a fresh $30 million funding round by bizcarson
La source: Forbes - 🏆 394. / 53 Lire la suite »