Tag Archives: Lorillard Inc.
Tobacco companies such as Altria Group Inc. and Reynolds American Inc. are going to increase the prices of cigarettes by a six-cent per-pack. However, a cigarette maker Lorillard Inc. has not followed this move, the Wall Street Journal informed. Philip Morris USA, the property of Altria and maker of Marlboro and L&M cigarettes, will bring its cigarette price increase into … Continue reading Continue reading
The Wells Fargo Securities 1Q12 U.S. Tobacco Retailer Survey found that more than 70 percent of the company’s tobacco industry retailer and wholesale trade contacts expect to see a price increase in May or June. Wells Fargo Securities anticipates The Altria Group’s Philip Morris USA division to lead the 5-cent to 7-cent bump, according to Bonnie Herzog, managing director of … Continue reading