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Category: Business & Finance

  • Oettinger Davidoff Names New SVP of Global Marketing and Innovation

    Oettinger Davidoff Names New SVP of Global Marketing and Innovation

    Oettinger Davidoff AG appointed Javier González as its new senior vice president and head of global marketing and innovation. He succeeds Edward Simon, who has held the role since 2018. Effective Jan. 1, 2026, Simon will focus exclusively on sales and assume the title of SVP chief sales officer, while González will oversee global marketing. González joins from Avolta, formerly Dufry AG, where he served as global marketing and digital innovation officer. His career also includes roles at British American Tobacco, Coca-Cola, and LEGO.

    The company said the leadership change is aimed at strengthening brand development and supporting long-term global growth across its portfolio, which includes Davidoff, AVO, and Camacho.

  • blu Introduces ‘Creamy Tobacco’ Flavor for 2026

    blu Introduces ‘Creamy Tobacco’ Flavor for 2026

    Blu unveiled a new flavor, “Creamy Tobacco,” as part of its 2026 flavor roadmap. The flavor will be available across the rechargeable blu bar kit and compatible blu kit pods, “offering a velvety, richer tobacco experience compared with the existing Golden Tobacco range.” The blu bar kit is sold as a device-and-pod bundle with up to 1,000 puffs per pod, while the blu kit pods are sold in two-pod packs totaling up to 2,000 puffs.

    The new offering complements blu’s current portfolio, which includes six bar kit flavors and 16 pod flavors. blu said it positions Creamy Tobacco as stronger in its 2.0 pod version and smoother in its refillable blu PRO e-liquid, catering to users seeking a heavier, traditional tobacco profile while maintaining the brand’s rechargeable and reusable device format.

  • Swedish Match Discontinues Four Zyn Products for 2026

    Swedish Match Discontinues Four Zyn Products for 2026

    Swedish Match announced the retirement of four Zyn products for 2026: Apple Mint Mini Extra Strong, Original Mini Normal, Original Mini Extra Strong, and Cucumber Lime Slim Normal. On the company’s website, it suggested alternative products with similar flavors and strengths. The brand’s remaining portfolio, including about 15 mint and apple-based flavors, will continue to be available on the swedishmatch.se platform.

  • Romania Fines PM, Two Others, $31M for Competition Violations

    Romania Fines PM, Two Others, $31M for Competition Violations

    Romania’s Competition Council fined Philip Morris Trading and its distributors, Interbrands Orbico and Mediaposte Hit Mail, a total of RON 135.2 million ($31.1 million) for anti-competitive practices in the heated tobacco products market. The authority found that the companies had entered into agreements to fix resale prices for Philip Morris’ IQOS products, restricting competition. The decision is immediately enforceable.

    Philip Morris Trading received the largest fine of RON 79 million ($18.2 million), while Interbrands Orbico was fined RON 52 million ($12 million) and Mediaposte Hit Mail the remainder. Interbrands Orbico admitted breaching Romania’s Competition Law and benefited from a reduced penalty. The investigation concluded that resale prices, promotional discounts, and marketing campaigns were set or approved by the supplier, limiting distributors’ ability to independently determine pricing.

    Philip Morris Trading denied any wrongdoing and said its activities comply with Romanian law, adding that it is reviewing options to challenge the decision. Competition Council president Bogdan Chirițoiu said the agreements harmed consumers by undermining free pricing and competition, stressing that companies must set their commercial policies independently.

  • JT Launches EVO Honey Lemon for Ploom

    JT Launches EVO Honey Lemon for Ploom

    Japan Tobacco (JT) introduced the EVO Honey Lemon Crystal, a new flavored smoke stick for its Ploom heated tobacco brand, that will be available in Japan beginning today (December 16) through the CLUB JT online shop and Ploom Shops, followed by a nationwide rollout in convenience stores and tobacco retailers on January 16, 2026.

    The EVO Honey Lemon Crystal “combines lemon-flavored capsules with honey sweetness to offer a balanced, dual-profile sensory experience.” It is compatible with all Ploom devices, sold in packs of 20 sticks at a retail price of JPY 550 ($3.70).

    The launch follows recent additions to the Ploom EVO lineup, including Evo Black Menthol and Evo Fresh Mint (released December 1) and a formula upgrade for Evo Cold Menthol in November, expanding the EVO mint range. JT’s Ploom smoke stick portfolio now totals 27 variants, catering to diverse flavor preferences in Japan’s heated tobacco market.

  • Universal Secures $1.4 Billion Credit Facility

    Universal Secures $1.4 Billion Credit Facility

    Universal Corporation announced the closing of a $1.4 billion senior unsecured credit facility, effective December 9. The new 2025 Facility includes a five-year $780 million revolving credit line, a $275 million five-year term loan, and a $345 million seven-year term loan, replacing the company’s prior $1.15 billion facility.

    Chairman and CEO Preston Wigner said the refinancing enhances liquidity, lowers borrowing costs, and expands banking relationships, positioning Universal to advance strategic priorities and deliver long-term shareholder value.

    JPMorgan Chase, Truist Securities, and AgFirst Farm Credit Bank acted as joint bookrunners and lead arrangers for the facility.

  • Altria CEO Gifford to Retire in 2026; Mancuso Named Successor

    Altria CEO Gifford to Retire in 2026; Mancuso Named Successor

    Altria Group announced that CEO Billy Gifford will retire following the company’s 2026 Annual Meeting of Shareholders on May 14, ending a more than 30-year career with the company. Gifford, who has led the company since 2020, plans to remain as a consultant through at least the end of 2026 to support a smooth leadership transition. Company leaders praised Gifford for steering Altria through a turbulent period and emphasized continuity in advancing the company’s “Moving Beyond Smoking” strategy under the incoming leadership team.

    The board has elected Salvatore “Sal” Mancuso, currently Altria’s executive vice president and chief financial officer, to succeed Gifford as CEO. Mancuso joined Philip Morris USA in 1990 and has held senior roles across strategy, finance, and compliance. Board Chair Kathryn McQuade said his selection followed a long-term succession process evaluating both internal and external candidates.

    Heather Newman, Altria’s chief strategy and growth officer, has been named the company’s next CFO, also effective at the 2026 Annual Meeting. Newman, who joined Altria in 1999, previously served as president and CEO of Philip Morris USA.

  • AIR Acquires German Premium Hookah Brand NameLess

    AIR Acquires German Premium Hookah Brand NameLess

    Global hookah company AIR Limited announced the acquisition of NameLess, a well-known German brand of premium flavored hookah products. The move strengthens AIR’s leadership in the global flavored hookah market and expands its portfolio alongside flagship brand Al Fakher, the company said.

    The acquisition allows AIR to leverage its global distribution network across more than 90 markets to introduce NameLess’ offerings, including its top-selling Black Nana grape-mint flavor, to new audiences worldwide. The deal aligns with AIR’s strategy to meet rising demand for reduced-risk social inhalation products with premium flavors and fortifies its presence in Germany, a key growth market, the company said.

    CEO Stuart Brazier emphasized that the acquisition complements AIR’s product expansion initiatives, including the recent launch of Crown Switch, a rechargeable pod vape system in Germany featuring Greentank’s next-gen Quantum Vape and Coldstream technologies. AIR plans to roll out NameLess flavors internationally in the coming months.

  • Altria Declares $1.06 Regular Quarterly Dividend

    Altria Declares $1.06 Regular Quarterly Dividend

    Altria Group, Inc. today announced that its Board of Directors declared a regular quarterly dividend of $1.06 per share, payable on January 9, 2026 to shareholders of record as of December 26, 2025. The ex-dividend date is December 26, 2025.

  • BAT Extends £1.3B Share Buyback for 2026

    BAT Extends £1.3B Share Buyback for 2026

    British American Tobacco extended its 2024 share buyback program by up to £1.3 billion for 2026. The company has entered an irrevocable, non-discretionary agreement with UBS AG London Branch to execute the next tranche, expected to run from January 2 to February 11, 2026, during the company’s closed period.

    UBS will act independently in making trading decisions. All repurchased shares will be cancelled to reduce the company’s share capital, with purchases carried out under existing shareholder authority and in line with UK market regulations.