Philip Morris increases price of cigarettes

Article Abstract:

Philip Morris raised cigarette prices for the fifth time in twelve months. The price boost was equal to roughly six cents a pack. The tabacco industry is raising prices to pay for a growing number of legal settlements. As cigarette advertising has grown more restricted, anyalysts believe the industry will rely more heavily on price breaks as one of the few tools left to sell their products. Cigarette makers have increased prices by 27% in the past year, but consumers are paying around 11% with price discounting.

Product information, Company Planning/Goals, Philip Morris Inc., Article

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RJR Nabisco to shed tobacco businesses; company plans to spin off its U.S. cigarette unit; overseas operation sold

Article Abstract:

RJR seems elated to be selling its overseas cigarette business for $7.8 billion to Japan Tobacco Inc. The food and tobacco giant will also spin off its U.S. cigarette business. The remaining business will be renamed Nabisco Group Holdings. Japan Tobacco will become the number three cigarette company in the world through this acquisition.

Comment:

New name of company after shedding tobacco businesses

Japan, Asset sales & divestitures, Acquisitions & mergers, Organizational nomenclature, TOBACCO PRODUCTS, Cookies & Crackers, Cookie and Cracker Manufacturing, Cookies and crackers, Management, Conglomerate corporations, Mergers, acquisitions and divestments, Statistics, Abstract, Snack foods, Tobacco industry, Baked products industry, Baked goods industry, Nabisco Group Holdings Corp., Nabisco Holdings Corp., Corporate divestiture, Divestiture, R.J. Reynolds Tobacco Co., Japan Tobacco Inc., RN

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