Tag Archives: Lorillard
Smokers won’t quit over images
The Irish Tobacco Manufacturers’ Advisory Committee (ITMAC) made the claim as it emerged five tobacco firms plan to sue the US Food and Drug administration (FDA) over a new law that will force them to place graphic health warnings on cigarette packets. The firms in question, RJ Reynolds Tobacco, Lorillard Tobacco, Commonwealth Brands, Liggett Group and Santa Fe Natural Tobacco … Continue reading
Lorillard Tobacco Sells Benchmark US Debt Offering
Lorillard Tobacco Co. of Greensboro, N.C., sold a $750 million two-part bond offering in the U.S. debt market Monday, according to a person familiar with the deal. The deal includes a $500 million five-year tranche and a $250 million 30-year tranche. The company added the 30-year tranche at midday after originally disclosing only the five-year tranche Monday morning. Both tranches … Continue reading
Lorillard profit rises 11% on higher prices
Lorillard Inc.’s second-quarter earnings rose 11% as the cigarette maker’s sales benefited from increased volume and higher selling prices. The No. 3 U.S. cigarette producer by revenue dominates the market for menthol cigarettes, which are increasingly popular with adolescents and young adults, though overall smoking rates have declined. Bigger rivals Altria Group Inc. (MO) and Reynolds American Inc. (RAI) last … Continue reading
Lorillard Raises Cigarette Prices, Competitors Likely To Follow
NEW YORK – Lorillard Inc. (LO) has increased prices on most of its cigarette brands, its first such increase in seven months. The company raised the price of its largest seller, Newport Menthol, by five cents per pack. Newport non-menthol, a relatively new but fast-growing line, is getting an 11 cent per-pack boost, while other brands will increase by eight … Continue reading
Lorillard Shares Could Go Up in Smoke if Menthol Cigarettes Are Banned
The U.S. Food and Drug Administration this month is expected to make its first public statements about whether sales of menthol cigarettes should be restricted. Lorillard is the company most at risk. It makes Newport, the top seller in the menthol category, with a 35% market share. Newport, which is also the overall No. 2 cigarette brand in the U.S., … Continue reading
