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2022-05-16Latest Update
KT&G reports strong first-quarter growth in South Korea
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KT&G reports strong first-quarter growth in South Korea

According to KT&G’s financial report, the company’s sales and profit surged 11.5% and 10% respectively in the first quarter of 2022, reaching KRW 844.8 billion ($665 million) and KRW 272.6 billion. Performance was driven by KT&G’s thriving overseas busine

South Korea KT&G2022-05-16Views 172
Swedish Match accepts PMI’s $16 billion offer
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Swedish Match accepts PMI’s $16 billion offer

According to The Wall Street Journal, Swedish Match’s board has accepted Philip Morris International’s offer of SEK 161.2 billion ($16.14 billion). The transaction is subject to shareholder approval. PMI hosted a live audio webcast today to discuss the pr

PMI2022-05-12Views 107
Japan launches SENTIA tobacco sticks for IQOS ILUMA
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Japan launches SENTIA tobacco sticks for IQOS ILUMA

On April 4, new SENTIA flavors for ILUMA went on sale. SENTIA is an updated version of HEETS, one of IQOS’s most popular brands, designed specifically for ILUMA devices. Its advantage is value for money: in Japan, SENTIA is priced at 530 yen, while TEREA

SENTIA2022-05-08Views 190
Hong Kong police make first arrests under vaping ban
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Hong Kong police make first arrests under vaping ban

According to the South China Morning Post, Hong Kong police arrested two men on suspicion of selling and possessing Part 1 poisons under the Pharmacy and Poisons Ordinance, as well as selling alternative smoking products. The arrests were made after the n

Hong Kong vaping ban2022-05-08Views 217
Poda to Manufacture Vaping Devices in North America
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Poda to Manufacture Vaping Devices in North America

Poda has signed a purchase agreement with its Chinese manufacturing partner to acquire Poda Pod production equipment, 15 patent applications related to Poda Pod technology, and three Chinese trademarks for about CAD 3.45 million (USD 2.7 million). The equ

Poda2022-03-14Views 182
IQOS 3 DUO Receives FDA MRTP Authorization in the U.S.
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IQOS 3 DUO Receives FDA MRTP Authorization in the U.S.

The U.S. Food and Drug Administration has issued a modified risk granted order authorizing Philip Morris to market the IQOS 3 system holder and charger with reduced exposure information. The IQOS system heats tobacco but does not burn it, significantly re

IQOS 3 DUO2022-03-12Views 251
British American Tobacco Exits the Russian Market
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British American Tobacco Exits the Russian Market

Following our announcement on March 9, 2022, we have now completed our review of our presence in Russia. The environment is highly complex and changing exceptionally quickly and unpredictably, the company said in a statement, referring to Russia's militar

British American Tobacco2022-03-12Views 95
JPMorgan Downgrades PMI Stock Over the War in Ukraine
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JPMorgan Downgrades PMI Stock Over the War in Ukraine

According to foreign media reports, the war in Ukraine could seriously affect Philip Morris International's sales. Earlier this week, JPMorgan downgraded the multinational company's stock rating, citing its exposure to Russia and Ukraine. According to the

PMI stock2022-03-11Views 100
Value-for-Money All-in-One Device iluma one Launches in Japan on March 8
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Value-for-Money All-in-One Device iluma one Launches in Japan on March 8

The new IQOS iluma one launched in Japan on March 8. Japan is not the first country where it has gone on sale, but the price can be said to be the lowest so far, at 3,980 yen (about RMB 220). It is currently priced at 69 euros in Switzerland. A total of f

iluma one2022-03-10Views 180
FDA Submits Menthol Ban to the White House for Review
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FDA Submits Menthol Ban to the White House for Review

The US Food and Drug Administration has moved one step closer to a comprehensive ban on menthol cigarettes and cigars. The ban is not expected to affect e-cigarette products, although many experts predict that a menthol combustible tobacco ban could push

FDA2022-03-02Views 236