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Delivering Quality Growth
OPERATING REVIEW DELIVERING QUALITY GROWTH OUR BRANDS GROWTH BRANDS The rest of our portfolio consists of Portfolio Brands; some of these are strong local brands that support our volume and revenue development, while others are delisted or migrated into Growth Brands. A number of migrations were completed in the year, as we continued to streamline our portfolio and improve our quality of growth. Total Group tobacco volumes were 255.5 billion stick equivalents (2017: 265.2 billion), with volumes down by 3.6 per cent, outperforming industry volume declines of 5.0 per cent. Growth Brands increased volume by 2.1 per cent and market share by 70 basis points, with share gains in all divisions. Excluding the benefit of brand migrations, Growth Brands also outperformed the industry. GROWTH BRANDS Full Year Result Change Constant 2018 2017 Actual Currency Market share % 9.2 8.5 +70 bps We achieved another Net revenue £m 3,799 3,690 +2.9% +3.9% Percentage of Group % 63.8 60.2 +360 bps excellent performance with volumes our Growth and Specialist Percentage of tobacco % 49.1 47.6 +150 bps & NGP net revenue Brands. These are the most important assets in our Growth Brands have broad consumer appeal and are comprised of: Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, portfolio and together they Bastos, Fine, Winston, News and Parker & Simpson. now account for 66.9 per cent Growth Brand volumes outperformed the market in the period of our tobacco & NGP net and net revenue grew by 3.9 per cent at constant currency. -
Annual Report and Accounts 2019
IMPERIAL BRANDS PLC BRANDS IMPERIAL ANNUAL REPORT AND ACCOUNTS 2019 ACCOUNTS AND REPORT ANNUAL ANNUAL REPORT AND ACCOUNTS 2019 OUR PURPOSE WE CAN I OWN Our purpose is to create something Everything See it, seize it, is possible, make it happen better for the world’s smokers with together we win our portfolio of high quality next generation and tobacco products. In doing so we are transforming WE SURPRISE I AM our business and strengthening New thinking, My contribution new actions, counts, think free, our sustainability and value creation. exceed what’s speak free, act possible with integrity OUR VALUES Our values express who we are and WE ENJOY I ENGAGE capture the behaviours we expect Thrive on Listen, challenge, share, make from everyone who works for us. make it fun connections The following table constitutes our Non-Financial Information Statement in compliance with Sections 414CA and 414CB of the Companies Act 2006. The information listed is incorporated by cross-reference. Additional Non-Financial Information is also available on our website www.imperialbrands.com. Policies and standards which Information necessary to understand our business Page Reporting requirement govern our approach1 and its impact, policy due diligence and outcomes reference Environmental matters • Occupational health, safety and Environmental targets 21 environmental policy and framework • Sustainable tobacco programme International management systems 21 Climate and energy 21 Reducing waste 19 Sustainable tobacco supply 20 Supporting wood sustainability -
Supplementary Table 10.7
Factory-made cigarettes and roll-your-own tobacco products available for sale in January 2019 at major Australian retailers1 Market Pack Number of Year Tobacco Company segment2 Brand size3 variants Variant name(s) Cigarette type introduced4 British American Super-value Rothmans5 20 3 Blue, Gold, Red Regular 2015 Tobacco Australia FMCs 23 2 Blue, Gold Regular 2018 25 5 Blue, Gold, Red, Silver, Menthol Green Regular 2014 30 3 Blue, Gold, Red Regular 2016 40 6 Blue, Gold, Red, Silver, Menthol Green, Black6 Regular 2014 50 5 Blue, Gold, Red, Silver, Menthol Green Regular 2016 Rothmans Cool Crush 20 3 Blue, Gold, Red Flavour capsule 2017 Rothmans Superkings 20 3 Blue, Red, Menthol Green Extra-long sticks 2015 ShuangXi7 20 2 Original Red, Blue8 Regular Pre-2012 Value FMCs Holiday 20 3 Blue, Gold, Red Regular 20189 22 5 Blue, Gold, Red, Grey, Sea Green Regular Pre-2012 50 5 Blue, Gold, Red, Grey, Sea Green Regular Pre-2012 Pall Mall 20 4 Rich Blue, Ultimate Purple, Black10, Amber Regular Pre-2012 40 3 Rich Blue, Ultimate Purple, Black11 Regular Pre-2012 Pall Mall Slims 23 5 Blue, Amber, Silver, Purple, Menthol Short, slim sticks Pre-2012 Mainstream Winfield 20 6 Blue, Gold, Sky Blue, Red, Grey, White Regular Pre-2012 FMCs 25 6 Blue, Gold, Sky Blue, Red, Grey, White Regular Pre-2012 30 5 Blue, Gold, Sky Blue, Red, Grey Regular 2014 40 3 Blue, Gold, Menthol Fresh Regular 2017 Winfield Jets 23 2 Blue, Gold Slim sticks 2014 Winfield Optimum 23 1 Wild Mist Charcoal filter 2018 25 3 Gold, Night, Sky Charcoal filter Pre-2012 Winfield Optimum Crush 20 -
Directory for Cigarettes and Roll-Your-Own Tobacco
DEPARTMENT OF THE ATTORNEY GENERAL STATE OF HAWAI‘I DIRECTORY FOR CIGARETTES AND ROLL-YOUR-OWN TOBACCO of (Available at: http://ag.hawaii.gov/cjd/tobacco-enforcement-unit/) Certified Tobacco Product Manufacturers Their Brands and Brand Families DEPARTMENT OF THE ATTORNEY GENERAL TOBACCO ENFORCEMENT UNIT 425 QUEEN STREET HONOLULU, HAWAI‘I 96813 (808) 586-1203 INDEX I. Directory: Cigarettes and Roll-Your-Own Tobacco Page 1. INTRODUCTION 3 2. DEFINITIONS 3 3. NOTICES 5 II. Update Summary For September 22, 2017 Posting III. Alphabetical Brand List IV. Compliant Participating Manufacturers List V. Compliant Non-Participating Manufacturers List Posted: September 22, 2017 2 1. INTRODUCTION Pursuant to Haw. Rev. Stat. §245-22.5(a), beginning December 1, 2003, it shall be unlawful for an entity (1) to affix a stamp to a package or other container of cigarettes belonging to a tobacco product manufacturer or brand family not included in this directory, or (2) to import, sell, offer, keep, store, acquire, transport, distribute, receive, or possess for sale or distribution cigarettes1 belonging to a tobacco product manufacturer or brand family not included in this directory. Pursuant to §245-22.5(b), any entity that knowingly violates subsection (a) shall be guilty of a class C felony. Pursuant to Haw. Rev. Stat. §§245-40 and 245-41, any cigarettes unlawfully possessed, kept, stored, acquired, transported, or sold in violation of Haw. Rev. Stat. §245-22.5 may be ordered forfeited pursuant to Haw. Rev. Stat., Chapter 712A. In addition, the attorney general may apply for a temporary or permanent injunction restraining any person from violating or continuing to violate Haw. -
1 CO-OPERATION AGREEMENT Dated As of 27 September 2010
CO-OPERATION AGREEMENT dated as of 27 September 2010 among IMPERIAL TOBACCO LIMITED AND THE EUROPEAN UNION REPRESENTED BY THE EUROPEAN COMMISSION AND EACH MEMBER STATE LISTED ON THE SIGNATURE PAGES HERETO 1 ARTICLE 1 DEFINITIONS Section 1.1. Definitions........................................................................................... 7 ARTICLE 2 ITL’S SALES AND DISTRIBUTION COMPLIANCE PRACTICES Section 2.1. ITL Policies and Code of Conduct.................................................... 12 Section 2.2. Certification of Compliance.............................................................. 12 Section 2.3 Acquisition of Other Tobacco Companies and New Manufacturing Facilities. .......................................................................................... 14 Section 2.4 Subsequent changes to Affiliates of ITL............................................ 14 ARTICLE 3 ANTI-CONTRABAND AND ANTI-COUNTERFEIT INITIATIVES Section 3.1. Anti-Contraband and Anti-Counterfeit Initiatives............................ 14 Section 3.2. Support for Anti-Contraband and Anti-Counterfeit Initiatives......... 14 ARTICLE 4 PAYMENTS TO SUPPORT THE ANTI-CONTRABAND AND ANTI-COUNTERFEIT COOPERATION ARTICLE 5 NOTIFICATION AND INSPECTION OF CONTRABAND AND COUNTERFEIT SEIZURES Section 5.1. Notice of Seizure. .............................................................................. 15 Section 5.2. Inspection of Seizures. ...................................................................... 16 Section 5.3. Determination of Seizures................................................................ -
Imperial Tobacco Group Plc Interim Management Statement for the Nine Months Ended 30 June 2015
IMPERIAL TOBACCO GROUP PLC INTERIM MANAGEMENT STATEMENT FOR THE NINE MONTHS ENDED 30 JUNE 2015 STRATEGIC PROGRESS CONTINUES – ON TRACK FOR FULL YEAR Strengthening our Portfolio • Excellent results from Growth Brands; underlying net revenue, underlying volume and market share up 14 per cent, 10 per cent and 100 bps respectively • Continued success of brand migrations; 13 complete (8 in FY15), 21 ongoing; high level of consumer retention • Growth and Specialist Brands proportion of reported tobacco net revenue up 580 bps to 59 per cent Developing our Footprint • Continued progress in Growth Markets: underlying net revenue down 1 per cent; up 3 per cent ex Iraq • Improving underlying net revenue growth of 1 per cent in Returns Markets • Total underlying net revenue flat and volumes down 6 per cent (net revenue up 1 per cent and volumes down 4 per cent ex Iraq) • Acquisition of US assets completed; ITG Brands fully operational and integration progressing to plan Cost Optimisation • Focus on complexity reduction, improved ways of working and cost efficiencies ongoing • Cost optimisation programme remains on track to deliver £85 million savings in FY15 Capital Discipline • Expect cash conversion of c.90 per cent for the full year with consistent focus on managing working capital • Continuing commitment to ongoing debt reduction • On track to deliver dividend growth of 10 per cent for the full year Overview 9 months to 30 June Change Constant 2015 2014 Actual Currency1 Underlying2 Growth Brands volume bn SE 105.4 91.7 +15% - +10% Tobacco net revenue3 £m 4,435 4,632 R -4% +2% 0% Total Tobacco volume3 bn SE 207.4 213.3 -3% - -6% 1 Change at constant currency removes the effect of exchange rate movements on the translation of the results of our overseas operations. -
American Reynolds – Historic All-Time High in Brand Acquisitions 14
MARKABLES American Reynolds – Historic All-Time High in Brand Acquisitions 14 American Reynolds – Historic All-Time High in Brand Acquisitions White Paper Dr. Christof Binder Schwyz, April 3rd, 2018 Historic All-Time High in Brand Acquisitions Recently, on March 15th, British American Tobacco (BAT) filed their annual report for 2017, including the valuation of the assets purchased with their acquisition of Reyn- olds American on July 25th, 2017. With this report, accounting for brands experienced a historic moment with the reporting of a brand value of US$ 93.6 billion acquired with Reynolds American by BAT. The portfolio of acquired brands includes Newport, Pall Mall, Camel, Natural American Spirits, Grizzly and Kodiak. This is a new all-time high which more than doubles the previous record high of Kraft Foods (2015, US$ 41.3 billion). The brand value embedded the acquisition of Reynolds American is remarkable in three aspects: 1. It is the most valuable brand portfolio ever acquired. What is more, 2. the ratio brand value / brand revenues is amongst the highest ever reported. And 3. the ratio brand value / enterprise value of 89% shows that there were hardly any other assets than brand within this acquisition. The valuation and accounting of brands dates back to the mid-eighties when British and Australian companies like NewsCorp, Reckitt & Coleman, GrandMet and Ranks Hovis McDougall pioneered the valuation, auditing and reporting of some of their brands in their financial statements. According to accounting standards, all acquired brands have to be valued and reported separately since 2000 in the US and since 2004 in most other countries. -
Imperial Tobacco Finance
Prospectus Imperial Tobacco Finance PLC A9.4.1.1 (Incorporated with limited liability in England and Wales with registered number 03214426) A9.4.1.2 Imperial Tobacco Finance France SAS (A société par actions simplifiée incorporated in France) €15,000,000,000 Debt Issuance Programme Irrevocably and unconditionally guaranteed by Imperial Tobacco Group PLC A9.4.1.1 (Incorporated with limited liability in England and Wales with registered number 03236483) A9.4.1.2 This Prospectus amends, restates and supersedes the offering circular dated 21st February 2014. Any Notes issued after the date hereof under the Debt Issuance Programme described in this Prospectus (the “Programme”) are issued subject to the provisions set out herein. This Prospectus will not be effective in respect of any Notes issued under the Programme prior to the date hereof. Under the Programme, Imperial Tobacco Finance PLC (“Imperial Finance” or an “Issuer”) and Imperial Tobacco Finance France SAS A6.1 (“Imperial Finance France” or an “Issuer” and together with Imperial Finance “the Issuers”), subject to compliance with all relevant laws, regulations and directives, may from time to time issue debt securities (the “Notes”) guaranteed by Imperial Tobacco Group PLC (“Imperial Tobacco” or the “Guarantor”) and Imperial Tobacco Limited (“ITL”). Please see the Trust Deed dated 6th February 2015 (the “Trust Deed”) which is available for viewing by Noteholders as described on page 124 for further details about the Imperial Tobacco guarantee and page 98 for further details regarding the ITL guarantee. The aggregate nominal amount of Notes outstanding will not at any time exceed €15,000,000,000 (or the equivalent in other currencies). -
Aangifte Engels
Meijering Van Kleef Ficq & Van der Werf Lawyers [DISCLAIMER: THIS TRANSLATION OF THE DUTCH COMPLAINT IS NOT DONE BY mr. Bénédicte L.M. Ficq A LICENSED INTERPRETER; ONLY THE ORIGINAL DUTCH VERSION IS mr. Leon J.B.G. van Kleef AUTHENTIC] mr. Nicolas C.J. Meijering mr. Marnix E. van der Werf Translation by by Dr. Ramses Delafontaine and Phon van den Biesen, Esq mr. Christian W. Flokstra mr. Bar t W.J. Krämer To the Public Prosecutor mr. Juriaan de Vries mr. the Honourable E. Visser Berlin Yesilgöz IJdok 163 1013 MM Amsterdam The cigarette should be conceived not as a product but as a package. The product is nicotine ... Think of the cigarette pack as a storage container Falck straa t 15 -29 1017 VV Amsterdam for a day's supply of nicotine ... Think of the cigarette as a dispenser of a dose unit of nicotine ... Think of a puff of smoke as the vehicle of phone: +31 (0)20 61 66 676 nicotine ... Smoke is beyond question the most optimized vehicle of nicotine 1 fax: +31 (0)20 61 85 246 and the cigarette the most optimized dispenser of smoke. [email protected] www.ficqadvocaten.nl Amsterdam, September 29, 2016 Sir, In the name of and on the explicit request of: a. The Stichting Rookpreventie Jeugd [Dutch Youth Smoking Prevention Foundation], with its seat in Amsterdam, b. Madam Anne Marie van Veen, born on ! c. Madam Lia Breed, born on ! chosen domicile at the business address of their lawyer B.L.M. Ficq, at Meijering Van Kleef Ficq & Van der Werf Advocaten in Amsterdam, I hereby report a series of crimes committed by the four 2 biggest tobacco manufacturers conducting business in the Netherlands, which are: 1. -
Examination of Voluntary Compliance with New FDA Cigar Warning Label Requirements
Examination of Voluntary Compliance with New FDA Cigar Warning Label Requirements Olivia A. Wackowski, PhD, MPH Marin Kurti, PhD Kevin R.J. Schroth, JD Cristine D. Delnevo, PhD, MPH Objectives: The US Food and Drug Administration (FDA) issued new requirements to strengthen and increase the size of cigar warnings. Although these requirements were challenged in court by the cigar industry, and later struck down, cigar manufacturers had the option of voluntarily complying during the injunction. In this study, we examined voluntary warning compliance on a sample of discarded cigar wrappers. Methods: Warnings were examined on a sample of 1352 discarded cigar wrappers and packs obtained from 15 census tracts in Oakland, California in February 2019. Warnings were coded for new requirement compliance (ie, sized at 30% or more on front and back of pack). Results: Overall, 67.3% of wrappers displayed compliant warnings – other wrappers had smaller warnings only on the front (30.6%), only on the back (1.5%) or no warning (0.4%). Cigar warning placement was significantly associated with brand (p < .01), cigar type (p < .01), and unit size (p < .01). The prevalence of warning compliance was at least 90% for 6 brands but ranged from 0% to 65% for others. Compliance was lowest for cigarillos (62.1%) and packs of 3 (27.6%). Conclusions: Strengthening cigar warnings can help increase their ef- fectiveness, but cigar manufacturers may not voluntarily implement changes fully. Continued surveillance and renewed regulatory efforts are warranted. Key words: -
Brand Families Approved for Stamping Or Sale in Montana As of June 25, 2012
MONTANA DEPARTMENT OF JUSTICE Brand Families Approved for Stamping or Sale in Montana as of June 25, 2012 You may not sell cigarettes listed in this Tobacco Directory unless a minimum price has been established by the Department of Revenue. PM: Participating Manufacturer NPM: Non-Participating Manufacturer # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z BRAND FAMILY MANUFACTURER PM or NPM # Top 1839 U.S. Flue-Cured Tobacco Growers, Inc. PM 1839 RYO U.S. Flue-Cured Tobacco Growers, Inc. PM A Top Ace King Maker Marketing Inc. PM Alpine Philip Morris USA Inc. PM American Bison Wind River Tobacco Company, LLC PM American Bison RYO Wind River Tobacco Company, LLC PM American Harvest RYO Truth and Liberty Manufacturing Co. NPM Austin R.J. Reynolds Tobacco Company PM B Top Bali Shag RYO Imperial Tobacco Limited (United Kingdom) PM Baron American Blend Farmer’s Tobacco Company of Cynthiana, Inc. PM Basic Philip Morris USA Inc. PM Benson & Hedges Philip Morris USA Inc. PM Black & Gold Sherman’s 1400 Broadway NYC Ltd. PM Bo Browning RYO Top Tobacco, L.P. PM Bristol Philip Morris USA Inc. PM Bugler RYO Scandinavian Tobacco Group Lane Limited PM C Top Cambridge Philip Morris USA Inc. PM Camel R.J. Reynolds Tobacco Company PM Camel Wides R.J. Reynolds Tobacco Company PM Canoe RYO Wind River Tobacco Company, LLC PM Capri R.J. Reynolds Tobacco Company PM Montana Department of Justice Brand Families Approved for Stamping Page 1 of 6 or Sale in Montana as of June 25, 2012 BRAND FAMILY MANUFACTURER PM or NPM Carlton R.J. -
Cigars Were Consumed Last Year (1997) in the United States
Smoking and Tobacco Control Monograph No. 9 Preface The recent increase in cigar consumption began in 1993 and was dismissed by many in public health as a passing fad that would quickly dissipate. Recently released data from the U.S. Department of Agriculture (USDA) suggests that the upward trend in cigar use might not be as temporary as some had predicted. The USDA now projects a total of slightly more than 5 billion cigars were consumed last year (1997) in the United States. Sales of large cigars, which comprise about two-thirds of the total U.S. cigar market, increased 18 percent between 1996 and 1997. Consumption of premium cigars (mostly imported and hand-made) increased even more, an astounding 90 percent last year and an estimated 250 percent since 1993. In contrast, during this same time period, cigarette consumption declined 2 percent. This dramatic change in tobacco use raises a number of public health questions: Who is using cigars? What are the health risks? Are premium cigars less hazardous than regular cigars? What are the risks if you don't inhale the smoke? What are the health implications of being around a cigar smoker? In order to address these questions, the National Cancer Institute (NCI) undertook a complete review of what is known about cigar smoking and is making this information available to the American public. This monograph, number 9 in a series initiated by NCI in 1991, is the work of over 50 scientists both within and outside the Federal Government. Thirty experts participated in the multi-stage peer review process (see acknowledgments).