Japan: Japan Tobacco acquires stake in National Tobacco Enterprise Ethiopia
Japan Tobacco, the world’s third largest tobacco firm by market share, has announced that it has signed an agreement with the Ethiopian government to acquire 40% of the total shares in National Tobacco Enterprise Ethiopia, which has a monopoly in Ethiopia, for $510 million. Japan Tobacco outbid a number of competitors in a tender process, […]
Brazil: Santa Cruz ceases operations at Porto Alegre plant
Santa Cruz, a subsidiary of UK-based cigarette manufacturer British American Tobacco, has announced the closure of production facilities at its Cachoeirinha location in Porto Alegre, Brazil. According to Correio do Povo, the move will see the factory itself closed down, although the research and development facility at the site will remain in operation. In a […]
Gama Innovation Award: Lucky Strike Double Click Cigarettes
Gama Innovation Award – Product MANCHESTER – 15th December 2015: The Gama Innovation Award – Product for December goes to Lucky Strike Double Click Cigarettes, a new flavour-changing launch from BAT in Poland. An attempt to make cigarette smoking a more interactive experience, Lucky Strike Double Click Cigarettes allow smokers to choose from two different flavours […]
Japan: Japan Tobacco strengthens presence in Iran
Japan Tobacco has bolstered its presence in the Iranian tobacco industry through the acquisition of a local cigarette manufacturer, according to a report in the Financial Times. Through its Iranian subsidiary JTI Pars, the company is said to have purchased tobacco firm Arian Tobacco Industry (ATI) for an undisclosed sum. Japan Tobacco currently produces cigarette […]
Japan: Japan Tobacco buys Natural American Spirit outside US for $5 billion
Japan Tobacco has announced that it is to buy $5 billion of cigarette assets from rival tobacco firm Reynolds American to acquire the Natural American Spirit business outside the US. The company said that the deal included the trademarks and all outstanding shares of Reynolds American’s subsidiaries outside the US which sell the brand. Japan […]
Chile: BAT to cease operations
British American Tobacco (BAT) has announced the closing of its operations in Chile due to changes in tobacco regulations in the country, according to a report in ABC News. The move is said to be in response to new restrictions and requirements on cigarette companies in the country, including the banning of additives such as […]
Frozen foods lead the way in convenience claims
Insight by Gama Compass™ MANCHESTER – 16th April 2015: From the growth in on-the-go breakfast foods to the rise of multifunctional “alphabet creams” in the cosmetics market, convenience benefits have driven many of the breakthrough innovation trends in the FMCG space over the past few years. However, as the latest analysis of product launches reported […]
Brazil: British American Tobacco considers buying out minorities of Souza Cruz
British American Tobacco (BAT) has revealed that it is considering buying out the minority of its Brazilian unit, Souza Cruz SA, thus allowing it to take full control of the largest tobacco company in Brazil, according to a report in Bloomberg. BAT said that it was evaluating a possible public tender offer to acquire up […]
USA: Reynolds America Inc to launch Revo ‘heating’ cigarettes
Reynolds America Inc is to launch new Revo “unconventional cigarettes” that heat tobacco rather than burning it, releasing tobacco-flavoured vapour instead of traditional smoke, according to a report from AP. Revo is described as a rebranded version of the previous Eclipse heat-not-burn product introduced in 1990s and uses a technology based on a carbon tip […]
UK: Imperial Tobacco records drop in annual revenue
Tobacco firm Imperial Tobacco has announced its preliminary results for the fiscal year ended 30 September 2014, posting a decline in total adjusted revenue of 6% to $6,576 million ($10,514 million). The company, however, pointed to “underlying volumes of Growth Brands up 7%, driven by organic growth and brand migrations” and “strong performance in Growth […]