Japan: Japan Tobacco acquires e-cigarette brand E-Lites

Japan Tobacco Inc. (JT)  has announced that it has concluded an agreement that will see it take ownership of the e-cigarette brand E-Lites. Under the terms of the agreement, JT is to acquire all the outstanding shares of Zandera Ltd. which JT described as offering the most recognized range of high quality rechargeable and ready-to-use […]

Japan: Japan Tobacco invests in Russian distributor

Japan Tobacco has bought a stake in Russian tobacco distributor Megapolis. The 20% stake was reportedly acquired for more than $750 million, with another $100 million tied to Megapolis’s “operational performance”. The investment by Japan Tobacco is designed to enable it to further penetrate the Russian tobacco market, the second biggest in the world behind […]

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