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Cigarette manufacturers have raised their list prices by 8 cents per pack, according to a report from the Winston-Salem Journal. This is the first price increase in 2020 from Philip Morris USA, R.J. Reynolds Tobacco Co., and ITG Brands LLC. List prices are what wholesalers pay manufacturers for their products and any increase in price […]
The post Cigarette Manufacturers Implement First Price Increases of 2020 appeared first on Tobacco Business Magazine.
ITG Brands has announced the departure of the company’s CEO, Dan Carr, and the appointment of Oliver Kutz as his replacement. Kutz has 20 years of experience with Imperial Brands and will report directly to Dominic Brisby, Imperial Brands’ Division Director for the Americas, Africa, Asia and Australia (AAAA). Kutz joined Imperial in 1999 and […]
Imperial said its U.S. traditional cigarette market share was at 8.7 percent on Sept. 30. Nielsen data, based primarily on convenience store sales, has the market share at 7.2 percent. The company said it had “improving share trajectory with growth in W
The 126-year-old plant will maintain production of former Commonwealth Brands cigarette products until the shift is completed to the former Lorillard Inc. plant in Greensboro. By moving operations to Greensboro, ITG Brands will lower manufacturing and r
Minnesota sued the $7 billion tobacco company that acquired the Kool, Winston, Salem and Maverick brands from the merger of R.J. Reynolds and Lorillard, claiming it is not making multimillion-dollar annual payments required by a settlement agreement. Min
A new electronic vaping product is coming to retailers thanks to blu. The popular electronic vaping and cigarette brand has revealed the latest device to join its product portfolio–myblu. This new e-vapor device will provide adult smokers with a new vaping experience and takes on the void blu feels adult smokers have been looking to […]
The post New myblu Electronic Vaping Product Released Nationwide appeared first on Tobacco Business Magazine.
At stake is $78 million in MSA payments that Florida has been due since the June 2015 closing of Reynolds’ $29.25 billion purchase of Lorillard Inc., Attorney General Pam Bondi said. Reynolds divested Kool, Salem and Winston, while Lorillard divested Ma
When Bondi filed the suit last January, she said Florida was already owed $45 million and could lose $30 million a year going forward. Gillen said until R.J. Reynolds has its obligation to pay Florida transferred to Imperial Tobacco Group, it must continu
Dan Carr has been named president and chief executive officer of ITG Brands, succeeding David Taylor, who has announced his retirement effective January 31, 2018.
Dan Carr has been named the new president and CEO of ITG Brands, the company announced in a press release today. Over the past year, Carr has led ITG Brands’ manufacturing, sales and marketing teams which has become more productive and efficient under his watch. The company has made gains in both volume and share […]