Tag: bat

  • BAT Bangladesh Appoints Corporate Affairs Head

    BAT Bangladesh Appoints Corporate Affairs Head

    BAT Bangladesh PLC has appointed Momshad Ali Khan as head of corporate and regulatory affairs, effective Oct. 1, 2026. Khan has more than 20 years of experience in corporate affairs, government relations, regulatory strategy, stakeholder engagement, and strategic communications.

    Before joining BAT Bangladesh, Khan was director of public affairs, communications, and sustainability at Coca-Cola Bangladesh and previously served as head of corporate and fiscal affairs at JT International Bangladesh. He also spent more than a decade at Chevron Bangladesh.

  • Japan’s Heated Tobacco Market Reaches New Milestone

    Japan’s Heated Tobacco Market Reaches New Milestone

    Heated tobacco and other noncombustible products accounted for a larger share of Japan’s tobacco sales than cigarettes in 2025, marking a significant shift in the country’s market, according to Toyo Keizai. Philip Morris International’s IQOS leads the heated tobacco category with about 70% market share, followed by Japan Tobacco’s Ploom at 16.4% and British American Tobacco’s glo at 14.3%, based on Euromonitor data cited by the publication.

    According to the article, Japan’s Oct. 1 tax changes narrowed the price gap between cigarettes and heated tobacco, while potentially tighter regulation could create additional challenges. BAT and PMI have also entered Japan’s nicotine-pouch market, with JT following this year.

  • South Korea’s Tobacco Companies Take Different Strategies on Alternatives

    South Korea’s Tobacco Companies Take Different Strategies on Alternatives

    South Korea’s major tobacco companies are taking different approaches to the growing e-cigarette market, according to Business Post. KT&G is focusing on premium products, Philip Morris Korea is expanding into liquid e-cigarettes, and BAT is strengthening its heated-tobacco lineup as competition in the country’s alternative nicotine market intensifies.

    The article says these strategies reflect broader efforts to expand beyond traditional cigarettes and capture demand for newer nicotine products. KT&G, Philip Morris, and BAT have established positions in South Korea’s heated-tobacco market, while the companies are increasingly broadening their portfolios across different categories of electronic nicotine products.

  • Kenya Approves Signature Leaf Acquisition of Mastermind Tobacco Assets

    Kenya Approves Signature Leaf Acquisition of Mastermind Tobacco Assets

    Kenya’s Competition Authority approved Signature Leaf Ltd.’s acquisition of certain assets belonging to Mastermind Tobacco (K) Ltd., which is under administration. The approval was published in the Kenya Gazette Oct. 2, under Gazette Notice No. 15916, following a decision dated Aug. 21 under Section 46(6)(a)(ii) of the Competition Act. The transaction could mark a new chapter for the Kenyan tobacco manufacturer, which stopped production in June 2023 and was placed under administration by I&M Bank in December 2023.

    According to The Kenya Times, Mastermind was founded in 1987 by the late Wilfred M’iti Murungi, a former British American Tobacco Kenya executive, and grew to become Kenya’s second-largest cigarette manufacturer after BAT. Its cigarette brands included Supermatch and Rocket. The company later faced financial difficulties, including a tax dispute with the Kenya Revenue Authority involving reported arrears of about KSh2.9 billion ($22.3 million), and subsequently dismissed about 1,000 employees as its financial position deteriorated.

  • BAT Survey Highlights Potential Impact of UK Vape Rules on Retailers

    BAT Survey Highlights Potential Impact of UK Vape Rules on Retailers

    A survey commissioned by British American Tobacco suggests proposed UK rules on the packaging and display of vapes and nicotine pouches could affect small retailers by limiting product choice and visibility. The Censuswide survey of 2,000 former smokers found that 31% buy nicotine products from corner shops or local newsagents, while 79% said flavor choice is important when selecting products and 31% said seeing multiple options on display influenced their purchase.

    BAT said restrictions on flavors, standardized packaging, and product displays could make it harder for retailers to manage stock and could contribute to missed sales. The government consultation on the proposed rules closes Oct. 2.

  • Oxford Economics Report Links High Cigarette Taxes to Illicit Growth

    Oxford Economics Report Links High Cigarette Taxes to Illicit Growth

    A new Oxford Economics report commissioned by British American Tobacco found an average correlation of 80% between real duty-paid cigarette prices and illicit cigarette market share across nine countries from 2015 to 2025. The study found that taxes accounted for an average of 77% of the retail price of duty-paid cigarettes in 2025, while illicit cigarettes were priced between 1.5 and 3.5 times lower than legal products. Across the countries studied, illicit market share increased by an average of 25 percentage points, from 18% in 2015 to 43% in 2025.

    Australia and Chile recorded some of the largest increases. Australia’s illicit cigarette market share rose from 13% in 2015 to at least 55% in 2025, with Oxford Economics estimating A$7.1 billion ($5 billion) in lost tobacco tax revenue. In Chile, illicit market share increased from 12% to 53% over the same period, with estimated tax losses of CLP 1.4 trillion ($1.4 billion). The report, which also examined Bangladesh, Brazil, France, Malaysia, the Netherlands, Pakistan, and Ukraine, said illicit trade is influenced by factors beyond price and called for strategies combining tax policy with enforcement measures. BAT said the findings highlight the need for policymakers to consider illicit-market risks when setting tobacco excise rates.

  • Kenyan State Agencies, Manufacturers Clash Over New Tobacco Rules

    Kenyan State Agencies, Manufacturers Clash Over New Tobacco Rules

    Kenya Revenue Authority, Anti-Counterfeit Authority, and tobacco manufacturers have taken opposing positions on proposed amendments to the country’s Tobacco Control Act, with government agencies seeking tighter controls on tobacco and emerging nicotine products. In contrast, manufacturers warn some measures could increase compliance costs and encourage illicit trade. The Anti-Counterfeit Authority is seeking greater powers to authenticate and trace tobacco and nicotine products, citing industry estimates that illicit cigarettes accounted for about 37% of Kenya’s market in 2025 and resulted in an estimated 9 billion Kenyan shillings in annual excise revenue losses. The Kenya Revenue Authority supports expanding the definition of tobacco products to include synthetic nicotine, nicotine analogues, electronic nicotine delivery systems and related liquids, as well as stronger approval and licensing requirements.

    The Kenya Association of Manufacturers (KAM) and BAT Kenya have raised concerns about proposals including county-level licensing of tobacco and nicotine businesses, restrictions on single-use plastics, flavor bans, and additional registration requirements. KAM said duplicative licensing requirements could increase administrative costs, while BAT said some restrictions could push consumers toward unregulated products.

  • BAT Hosts Capital Markets Day

    BAT Hosts Capital Markets Day

    British American Tobacco hosted its Capital Markets Day for institutional investors and analysts today (Sept. 29) in Winston-Salem, North Carolina, outlining its Horizon 2030 strategy. Chief Executive Tadeu Marroco and members of BAT’s management team highlighted the company’s global multi-category nicotine portfolio and capabilities. BAT said it expects New Category revenue to grow at a mid-teens rate through 2030 and New Category contribution margin to reach at least 30% by 2030, driven by premiumization, improved product mix, increased scale, and more targeted resource allocation.

    BAT said it remains on track to deliver toward the lower end of its 3%-5% revenue growth and 4%-6% adjusted profit from operations growth targets for 2026, with adjusted diluted EPS growth toward the middle of its 5%-8% range, all at constant currency rates. The company also expects to reach its 2.0-2.5x target leverage range by year-end and said it expects a 2%-2.5% translational foreign-exchange headwind to 2026 adjusted diluted EPS growth based on current spot rates.

  • BAT Urges UK Retailers to Respond to Nicotine-Product Consultation

    BAT Urges UK Retailers to Respond to Nicotine-Product Consultation

    British American Tobacco continues to urge UK retailers to respond to the government’s consultation on proposed changes to the packaging, appearance, display, and marketing of tobacco and vape products before it closes Oct. 2. BAT UK and Ireland Commercial Director Tolga Kilic said retailers’ experience should inform the final regulations and urged them to highlight potential operational and financial impacts.

    Kilic cited the government’s impact assessment, which estimates vape retailers could face more than £420 million in cumulative lost profits through 2036 from proposed point-of-sale display restrictions. The consultation also covers product packaging, flavor descriptions, and other measures affecting the sale and presentation of nicotine products.

  • Innovation Requires Regulatory Viability: GTNF 2026

    Innovation Requires Regulatory Viability: GTNF 2026

    Innovation in tobacco and nicotine products is advancing rapidly, but companies must account for regulation, product standards and consumer needs alongside science and technology, speakers said at GTNF 2026 in Lisbon. In her keynote, Eve Wang, executive director at Smoore International, said the industry has moved from introducing new products into a growth phase, while noting the speed at which products can move from concept to commercialization in China. She compared the development process to a Chinese saying: “The journey is half complete when you are 90% of the way there. The last mile is always the hardest.”

    During the subsequent Innovation 360 panel, moderated by Wang, Clio Boura, head of science operations at British American Tobacco, said innovation needs to work closely with science and an enabling regulatory framework that establishes clear quality and safety requirements. She also pointed to portability, convenience, digital technology and sustainability as factors likely to shape products over the next five years. Greg Conley, senior regulatory counsel at ITG Brands, said, “Regulatory viability has to be part of viability from day 1,” arguing that product standards could give companies clearer targets for meeting regulatory requirements. He said the industry’s priority should be the ability to “innovate repeatedly, to keep moving things forward.”

    Yu Kang, head of research institute at Hangsen International, said rapid evolution is central to the e-cigarette industry but that innovation must include consumer protection and supply-chain oversight. He called for more efficient premarket review, collection of product standards across markets and closer cooperation among regulators and innovators, supported by scientific data demonstrating safety and compliance. Kang also emphasized the need to continually collect consumer feedback to develop products that meet quality expectations while supporting harm reduction.