Tag Archives: Philip Morris
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
Philip Morris USA sues retailers in Miami area
Cigarette maker Philip Morris USA said Monday that it has filed a lawsuit against 17 retailers in the Miami area, claiming they sold counterfeit Marlboro cigarettes. The lawsuit, filed in U.S. District Court for Southern Florida, is the latest in an ongoing series of legal actions by the Henrico County-based company aimed at fighting counterfeit sales of its top-selling cigarette … Continue reading
SAR is dragged into Australian tobacco war
Hong Kong is at the forefront of a legal battle as tobacco giant Philip Morris launches legal action over Australia’s plan for plain cigarette packaging. Hong Kong-based Philip Morris Asia claims Australia will breach an investment treaty with the SAR. Under proposed legislation to cut smoking and due to take effect next year, company designs would be removed from packaging. … Continue reading
Chesterfield Cigarettes
Chesterfield is a brand of cigarette made by Altria. It was one of the most recognized brands of the early 20th century, but sales have declined steadily over the years. It was named for Chesterfield County, Virginia. Chesterfield is still being made today; it is still popular in Europe, but has been absent from U.S. advertising for many years. For … Continue reading
Are tobacco companies increasing the nicotine content in cigarettes?
It may seem absurd, or perhaps just a little over-the-top conspiratorial, to think that while major cigarette companies have been paying millions for anti-smoking campaigns, they’ve been secretly increasing cigarettes’ nicotine content to make them more addictive. But that’s exactly what two separate studies, one by the Massachussetts Department of Public Health and the other by the Harvard School of … Continue reading
Philip Morris USA Parent Fights Mini-Tender Offer
RICHMOND, Va. (AP) — Altria Group Inc., the parent of the Philip Morris USA tobacco empire, went on the offense after an investment company offered to buy 4 million of its shares — much less than 1 percent of its outstanding stock — at a below-market price. Altria issued a statement Friday afternoon urging shareholders not to sell to TRC … Continue reading
Tobacco Boss Tells His Kids Not to Smoke
A father of three discouraging his children from smoking isn’t normally a newsworthy event. But when it’s British American Tobacco Australia boss David Crow, parents sit up and take notice. “I tell them not to do it, not to smoke at all,” he said this week in Sydney during a rare media appearance. Asked why, the chief executive of the … Continue reading
