Altria investment value in Juul drops by 65% in a year
31st January 2020 - News analysis |
The investment value of Altria in e-cig company Juul fell by 65% in almost a year due to the recent developments in the US affecting the brand
The investment value of Altria in e-cig company Juul fell by 65% in almost a year due to the recent developments in the US affecting the brand
Japan Tobacco (JT) is cutting the price of its Ploom Tech and Ploom Tech+ hybrid devices from 1st February as it continues to lag behind its chief Big Tobacco competitors in its home market
Juul Labs has halted production of most of its flavoured vaping pods in Canada in anticipation of imminent plans by federal authorities to enact stricter regulations on vaping products
The ECigIntelligence consumer survey, analysing Canadian consumer flavour and brand preferences, has found that Juul is the most popular brand among the respondents. You can read the full report here. Original publication: 24th September 2019
Juul Labs is facing several new lawsuits by state and local governments across the US, with California and New York being the latest to allege that the company knowingly marketed their products to young consumers
E-cigarette manufacturer Juul Labs is halting sales of its mint flavour after the publication of a survey by the US Food and Drug Administration (FDA) that shows an increase in the use of e-cigarettes among high school students.
Altria’s global net revenues rose 0.3% year-on-year in the third quarter of 2019 to $6.86bn, primarily due to higher net revenues in the smokeless products segment
Falling sales of Japan Tobacco’s heated tobacco device Ploom Tech have hit the company’s total revenue from reduced risk products, which fell by JPY7.1bn ($65.7m) to JPY17.8bn ($164.6m) in Q3 2019
Juul Labs has described as “baseless” a claim by a former executive of the company that it knowingly sent to market around a million contaminated e-cigarette pods
Reynolds American has submitted a premarket tobacco product application (PMTA) to the Food and Drug Administration (FDA) for authorisation to continue marketing Vuse e-cigarettes in the US
The district court in the western German city of Düsseldorf has upheld a ruling temporarily banning Juul Labs from marketing its flavoured pods in the country
The use of Juul and other e-cigarettes has risen to “epidemic levels” among students in the US, yet there is a lack of awareness and response within schools, according to a new survey
Imperial Brands CEO Alison Cooper’s resignation is being seen as a catalyst – alongside challenging market conditions for tobacco, and regulatory changes in the US for next-generation products (NGP) – for uncertain times among Big Tobacco companies.
After being the main financial backer of the campaign to overturn San Francisco’s vaping ban on November’s public ballot, Juul has changed its mind and decided to withdraw all support from the organising group
Kevin Burns has resigned as CEO of Juul Labs, to be replaced immediately by K.C. Crosthwaite, senior vice president and chief strategy and growth officer of tobacco giant Altria, which owns a 35% stake in Juul
Re-merger talks between tobacco giants Altria and Philip Morris International (PMI) have ended, with both companies citing difficulties in reaching a deal
ECigIntelligence considers the effects the possible re-merger of Philip Morris International (PMI) and Altria might have on the combustible and alternatives markets in the US and beyond
The Juul-backed Coalition for Reasonable Vaping Regulation has filed a lawsuit against the city and county of San Francisco over the wording of a ballot proposition against the city-wide e-cig ban
Vaping products from Totally Wicked are now available from UK high street newspaper and stationery retailer WHSmith
Huge ads for Myblu are turning heads at Hamburg central railway station – before a pending update of German advertising law that could spell an end to such campaigns
South Africa’s Competition Tribunal has approved a merger between British American Tobacco South Africa (BATSA) and the country’s leading e-cigarette manufacturer, Twisp
British American Tobacco (BAT) has launched Glo Sens in Korea, a new hybrid pod product which combines vaping technology with real tobacco.
The Russian Federal Anti-monopoly Service has rejected a complaint by the International Confederation of Consumer Societies that IQOS display stands in stores violated federal advertising rules
Vaping manufacturer Juul is expanding its footprint in Asia with launches in Indonesia and China, two of the region’s key markets
A US Congress hearing on Juul’s role in the rise of youth vaping has heard that “we don’t need more studies” because a pressure group of outraged parents have “the truth” on their side
PMI considers almost hitting $1.5bn revenue for its reduced risk portfolio in the second quarter of 2019 a “positive top-line momentum”
A campaign backed by Juul Labs has submitted a petition calling for a vote to overturn San Francisco’s vaping ban on the 5th November public ballot
Vype is the dominant vaping brand in Quebec’s convenience stores, followed by Juul, according to recent research by market analysts at ECigIntelligence
Juul has widened its retail presence in the UK, with its devices now available in 357 branches of major supermarket chain Asda
San Francisco businesses large and small are braced for a severe impact from the blanket ban on the sale, manufacture, and distribution of e-cigarettes within the city limits
Philip Morris International (PMI) is to expand its British heated tobacco presence with the opening of four new IQOS stores in Bristol this summer
The South Korean government is running a campaign to discourage use of tobacco products, in response to recent launches of Juul and a similar device from KT&G
Reynolds American and Juul Labs have both launched major TV campaigns in the US promoting their respective vaping devices
British American Tobacco (BAT) is expecting its next-generation portfolio, including vaping and heated tobacco products, to grow between 30-50% in 2019
Juul Labs, the most infamous emblem of the vaping industry for American regulators and control activists, is considering opening its own US stores
Juul Labs has entered into a partnership with French manufacturer J Well to distribute its popular device across the country from 1st June
US independent e-cigarette company Njoy closed a new funding round at a valuation of $2bn, falling short of the $5bn target the company hoped for
Imperial Brands will see its vapour and heated tobacco revenues rise by 245% over the course of the year, according to new financial information published this week
Charlie’s Chalk Dust, one of the best known American e-liquid brands, has announced its entry into the CBD sector following its acquisition by a drinks company with CBD interests
The UK’s Advertising Standards Authority (ASA) is investigating a complaint that a social media campaign for Vype e-cigarettes targets children and young people
There have been mixed reactions from within the industry to the FDA decision to allow PMI’s heated-tobacco device IQOS and its associated consumables onto the US market
The US FDA has given its approval for Philip Morris International (PMI)’s IQOS in the US, along with its associated consumables ― the first heated-tobacco products to be so approved
“Do you vape, or use e-cigarettes?” “No, I juul.” The fact that’s a plausible exchange among US teenagers shows just how far Juul has come in making itself part of US life. It’s become part of the language. And that may be a double-edged sword for the company, increasing its visibility both to potential customers and the legislators worried about » Continue Reading.
Altria’s 2019 first quarter results revealed a continuing decline in combustibles sales. Results for the e-vapour category also slowed, which the company blames on efforts to prevent youth access and appeal
PMI and Ferrari have been forced to cancel their partnership for this weekend’s Australian Grand Prix, the opening race of the Formula 1 season. The Mission Winnow branding will, however, reappear for the rest of the season
A bill in support of “tobacco 21” regulations passed the New York state Assembly and was delivered to the Senate, with opposition from industry associations – and support from Juul
British American Tobacco’s (BAT) 2018 financial results were driven by its reduced risk portfolio, which includes products such as Vuse and Vype and Glo
A clinical trial funded by Juul purports to show that switching to the company’s e-cigarette products reduces the risk of toxins in a similar manner to stopping smoking altogether
The now-controversial link between Big Tobacco and Formula 1 racing is being renewed, with tie-ups between two leading teams and two tobacco giants facing legal scrutiny
Executives at Philip Morris International (PMI) say the company closed out a “challenging” year with a “robust” performance, with a net revenue of $29.6bn in 2018, up 3.1% on the previous year
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