Tag Archives: tobacco company
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
BAT withdraws from Bulgaria cigarette maker sale
British American Tobacco has decided not to bid for Bulgarian cigarette maker Bulgartabak, citing market and strategic reasons, the privatisation agency said on Monday. BAT’s withdrawal leaves only Austria-registered BT Invest, controlled by Russia’s state bank VTB , eyeing a majority stake in the company, which has two cigarette mills and a tobacco processing plant. “BAT’s withdrawal does not make … Continue reading
British American Tobacco boosted by Japanese tsunami
British American Tobacco (BAT) has emerged as one of the few winners from the Japanese tsunami after the company generated £50m of extra profits and shipped an extra 2bn cigarettes to the embattled country. Michael Prideaux, director of corporate and regulatory affairs, said: “With the tsunami, Japan Tobacco stopped production and we benefited massively. We ended last year with 11pc … Continue reading
Japan Tobacco to Pay $450 Million for Sudan Cigarette Maker
Japan Tobacco Inc. agreed to pay $450 million for a cigarette maker operating in Sudan and oil- rich South Sudan, which gained independence this month after a rebellion that lasted almost 50 years. Haggar Cigarette & Tobacco Factory Ltd. controls 80 percent of the market in Sudan and is “well established” in the Republic of South Sudan, the Japanese company … Continue reading
Marlboro Man – - Ad Age Advertising Century
The most powerful — and in some quarters, most hated — brand image of the century, the Marlboro Man stands worldwide as the ultimate American cowboy and masculine trademark, helping establish Marlboro as the best-selling cigarette in the world. Today, even a mention of the Marlboro Man as an effective ad icon brings protests from healthcare workers who see first-hand … Continue reading
Safety of dissolvable tobacco products disputed
Tobacco company rep David Howard waxes enthusiastic when he talks about a new product his employer, R.J. Reynolds Tobacco Co., has developed: a pellet of finely cured tobacco, binders and flavoring that dissolves in the mouth in 10 minutes. Under test market in two U.S. cities — Denver and Charlotte, N.C. — Camel Orbs will join two dissolvable tobacco lozenges … Continue reading
A smoking holiday in Fiji
The tobacco company offered 100 holidays on the Coral Coast, Fiji’s most exclusive enclave, to IGA stores and other retailers to sell more cigarettes. To be eligible, the shopkeepers had to sell at least 10,000 cigarettes between 11 April and 5 June – or lift sales by five per cent. To win, retailers also had to promise never to run … Continue reading
The Tobacco Atlas
1 The History of Tobacco The global spread of tobacco from the Americas to the rest of the world. 2 Male Smoking Smoking prevalence among men. Smoking effects on men. 3 Female Smoking Smoking prevalence among women. Where women smoke as much as men. Where men smoke ten times as much as women. 4 Youth Tobacco use prevalence among male … 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
Majority of Smokers Consider their Cigarette Brands Safe
A recent study has found that majority of smokers think that their cigarette brands are safer than others. The study suggests that cigarette packaging has a strong impact on the risk perception of smokers. The smokers of gold, silver or slim cigarettes are more likely to believe that their brands are less harmful. Researchers surveyed more than 8000 current and … Continue reading
