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Imperial secures US breakthrough
Commonwealth, the fourth largest cigarette producer in the US, currently holds a 3.7% share of the market and a 13.4% share of the discount sector...
Imperial Tobacco, the maker of Davidoff cigarettes, secured a major new market after winning approval to introduce its European brands to the United States. The breakthrough came after the Bristol-based company joined the Master Settlement Agreement, which was formed between four tobacco companies and 46 states in 1998, restricts advertising and is a requirement to selling tobacco in the US, the industry’s most profitable market.
Imperial, which also makes Embassy, Lambert & Butler and Richmond, plans to start selling its products in America once a formal brand registration process is completed in the coming weeks. The approval came from the National Association of Attorneys General. Chief executive Gareth Davis said: "This is excellent news and we are looking forward to further enhancing our presence in this highly profitable market." Imperial has had a presence in the US market since April, when it acquired Commonwealth Brands, makers of USA Gold and Sonoma cigarettes, for 1.9 billion US dollars.
Commonwealth, the fourth largest cigarette producer in the US, currently holds a 3.7% share of the market and a 13.4% share of the discount sector, against American competitors Altria and Reynolds American. Imperial also holds around 1% of the US market for fine tobacco, used by smokers to roll their own cigarettes, and has an established business producing rolling papers and filter tubes in the US. The firm has also grown through acquisitions, with its ?11 billion deal for Spanish cigarette group Altadis due to be completed by January.
Altadis, the maker of Gauloises and Fortuna cigarettes as well as Cuban cigars such as Montecristo, will consolidate Imperial’s position as the world’s fourth largest tobacco company behind rivals Philip Morris, British American Tobacco and Japan Tobacco. Imperial demerged from Hanson in 1996 and listed on the London stock market as a FTSE 100 company. Its products are sold in more than 130 countries worldwide. It employs around 14,500 staff and operates 32 manufacturing sites around the world.
Top 10 online cigarettes news on Wednesday, February 8, 2012 08:51:24
- THE LAST cigarette made in Southampton is set to roll off the production line today, extinguishing almost 100 years of history.
- The day is almost upon us, that fateful day when the smoking of cigarettes in public places will be banned.
- On average, British smokers consume 14 cigarettes a day, 5110 cigarettes a year.
- A 40 minute session on a hookah produces the same amount of carbon dioxide a person would get from smoking five packs of cigarettes, which is incredible.
- But Rep. Rex Rice has a different idea. He has pre-filed a bill in the House that would not raise the cigarette tax, but instead would add a deposit of 60 cents to each pack.
- The governing Liberals dismissed a Progressive Conservative plan for power-plant smokestack scrubbers as the coal-fired equivalent of a filtered cigarette...
- Vietnam considers the cigarette industry a state monopoly area.
- LONDON: Imperial Tobacco Group PLC, the maker of Davidoff cigarettes, said Wednesday it expects to meet forecasts for the full year and believes the Spanish regulator will approve its offer for Altadis SA in the next few weeks.
- THE legal age for buying cigarettes in Scotland is to rise from 16 to 18 next month, after MSPs unanimously backed a change in the law.
- Posters depicting a camouflaged cigarette and the slogan however you disguise it, its still litter have been designed and aim to tell smokers that, if they drop their cigarettes, they face a fine.
!!! Annonce !!! Forum Marlboro.