Consequence of BAT’s Full Acquisition of Reynolds Can Scarcely Be Overstated

by January 17th, 2017

Despite recent whispers of an impasse in negotiations (revolving around the valuation of Reynolds’ next generation product portfolio), in a joint statement this morning Reynolds American and British American Tobacco confirmed that they had agreed the terms of a merger in which the UK-based company will acquire the remaining 57.8% of RAI it did not […]

Opportunities for Alcoholic Drinks and Tobacco in Legal Cannabis in the US

by and August 19th, 2016

Opportunities and pitfalls abound for both alcoholic drinks and tobacco in partnership with the legal cannabis industry in the United States. The legal cannabis industry accounts for US$7 billion in 2015, and only a few states have legalized recreational use. Although legislation and regulations would most certainly play a heavy role in federal legalization, both […]

Imperial Making a Laudable Virtue of Simplicity but More Will be Needed

by November 3rd, 2015

Towards the end of today’s Imperial Tobacco Group preliminary results presentation for the full year 2015, CEO Alison Cooper explicitly drew out the three themes of the company’s current operating bias – simplification, focus and effectiveness. They are themes which the company’s management are eager to press home (the first ten pages of the results […]

Will Growth in Vapor Products Last?

by August 2nd, 2015

Although vapor products are growing in the tobacco market, the category is vulnerable to taxation and restrictions. Euromonitor believes the vapor products category could reach about US$50 Billion in 2030, however, vapor products will remain a fraction of the total tobacco market in the short to medium term. Although vapor products are growing in the […]

A Recap of the Cigarettes Market in 2014

by July 12th, 2015

Cigarette volumes declined in 2014 across all regions except for Asia-Pacific, which was sustained only by China. By excluding China from the global outlook, cigarettes declined by 2.5 percent. The Russian market is a particular cause of concern for tobacco manufacturers with prospects of future tax increases, control measures and economic instability. Cigarette volumes declined […]