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Imperial Brands Sells Russian Business

Imperial Brands has announced the transfer of its Russian business to investors based in Russia, subject to finalisation of the registration of the transac...

Philip Morris Sees Earnings Impact From Ukraine War

Marlboro maker Philip Morris International Inc cut its full-year earnings forecast on Thursday, hurt by the pullback of its Russian operations, higher cost...

Philip Morris Working On Options To Exit Russian Market

Marlboro maker Philip Morris International Inc is working on options to exit the Russian market, citing a complex and rapidly changing regulatory and opera...

Imperial Brands Flags Small Profit Hit From Russia Exit

Imperial Brands has started talks to transfer its Russian business to a local third party following the Ukraine crisis, the tobacco company said, while fla...

L'Oréal, Imperial Brands Suspend Russian Operations

L'Oréal is temporarily closing its stores in Russia and suspending investments in the country, joining dozens of Western companies pausing operation...

Swedish Match To Boost Investment In Nicotine Pouches As Profits Grow

Tobacco products group Swedish Match said it would increase investment in the United States and Scandinavia for its fast-growing tobacco free nicotine prod...

New Zealand To Ban Cigarette Sales For Future Generations

New Zealand plans to ban young people from ever buying cigarettes in their lifetime in one of the world's toughest crackdowns on the tobacco industry.

Philip Morris CEO Says Firm On-Track To Meet Smoke-Free Targets

Tobacco giant Philip Morris plans to reach its target of 50% sales from smoke-free products by 2025 through organic revenue growth rather than mergers and...