Tag: tobacco pricing

SUPREME COURT CONFIRMS UAH 431 MLN FINE IMPOSED ON LARGEST CIGARETTE DISTRIBUTOR TEDIS | Open 4 Business

SUPREME COURT CONFIRMS UAH 431 MLN FINE IMPOSED ON LARGEST CIGARETTE DISTRIBUTOR TEDIS | Open 4 Business

“The Supreme Court has decided in favor of the Antimonopoly Committee in a long lawsuit concerning Tedis, the distributor of cigarettes. The decision of the committee dated December 16, 2016 was retained with the exception of a little clarification regarding the way of fulfilling the obligation to establish a transparent pricing mechanism,” he wrote on […]

Behind Philip Morris International’s Smokeless Bet — WSJ | Fox Business

Behind Philip Morris International’s Smokeless Bet — WSJ | Fox Business

WSJ: At over $100 for the starter kit, IQOS isn’t cheap. Can you explain your pricing strategy? MR. CALANTZOPOULOS: Innovation, in the minds of people, cannot be something extremely cheap. If you are an average person and you hear that something that is much better than cigarettes comes to the market at the cheapest possible […]

Big 3 manufacturers increasing cigarette prices by 7 cents a pack | Winston-Salem Journal

Big 3 manufacturers increasing cigarette prices by 7 cents a pack | Winston-Salem Journal

ITG Brands LLC confirmed its price increase, effective Friday, for Kool, Maverick, Salem and Winston. Those are the four cigarette brands parent company Imperial Tobacco Group Plc acquired in its $7.1 billion deal with Reynolds American Inc. that was completed June 12. Philip Morris USA is raising the price on all its cigarette brands, effective […]

MedUni Vienna expert suggests pricing strategy to reduce smoking | News Medical

MedUni Vienna expert suggests pricing strategy to reduce smoking | News Medical

30% of the estimated 2.3 million smokers in Austria are considered to be heavily tobacco-dependent and, according to experts at MedUni Vienna, require professional treatment. This would mean around 690,000 people. According to Michael Kunze, an expert on smoking at the Center for Public Health at MedUni Vienna, an effective strategy would be to increase […]