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2022-05-26Latest Update
BAT launches glo in Cyprus
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BAT launches glo in Cyprus

According to the Cyprus Mail, British American Tobacco is launching its heated tobacco product glo in Cyprus. The launch is expected to contribute to Cyprus’s economy and society by creating new jobs while supporting the country’s network of retailers and

GLO2022-05-20Views 187
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 203
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 140
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 267
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 245
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 213
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 283
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 131
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 132