http://www.cafebabel.com/en/article.asp?T=A&Id=3164
‘Most of these problems could be solved on the national level if there was a will of the government of Finland,’ Suzanne Eriksson continues, revealing the crux of this issue. Relations with Finland have soured over the recent ‘snus’ case, where the European commission threatened to take Finland to the European court of justice over the illegal selling of the tobacco on board the island ferries. The island now faces a two million euro fine and the need to draft new laws banning the substance from sale. ‘There should be rules in the treaty that regions with legislative powers should have a possibility to defend themselves in the court of justice,’ she continues.
http://money.cnn.com/news/newsfeeds/...3-24533415.htm
'Whilst we expect Q1 to be impacted again by low volumes in Swedish snus following a tax increase in January, as well as weaker margins in cigars, we believe Swedish Match remains a strategic asset in the context of consolidation of the tobacco sector. We have seen a recent pick-up in corporate activity in the wider consumer staples space and believe we could see a build-up in acquisition premiums in such assets,' the investment bank said in a note, adding that Swedish Match currently trades a 8.1 percent discount to the tobacco sector.
http://www.csdecisions.com/article/3...prix-snus.html
Liggett Group is jumping into the snus market with the introduction of Grand Prix snus, a premium quality pouched tobacco product designed for adult smokers who are interested in smokeless tobacco alternatives to cigarettes. Grand Prix snus will be available in a variety of test markets beginning in May 2008. The product is the latest addition to the Grand Prix brand, the fastest growing U.S. cigarette brand over the past two years. Grand Prix snus will be sold at value pricing and will be available in three varieties: Original, Spearmint and Wintergreen. Grand Prix snus will initially be offered in select retail outlets throughout the following areas: Portland, Ore.; Kansas City, Mo.; Indianapolis; Dallas/Fort Worth, Texas; Raleigh, N.C.; Orlando, Fla.; and Columbus, Ohio.
http://www.reuters.com/article/marke...47392820080415
CHICAGO, April 15 (Reuters) - R.J. Reynolds Tobacco Co is expanding the test of its Camel snus smokeless tobacco product to the largest U.S. markets, including New York City, Chicago and Los Angeles, a spokesman said on Tuesday.
The expansion is the latest sign that R. J. Reynolds, a unit of Reynolds American Inc (RAI.N: Quote, Profile, Research), sees a U.S. future for snus, a refrigerated smokeless and spitless tobacco product with roots in Sweden.
"I thought the learning curve was going to be a little bit harder on this one domestically," Gregg Warren, analyst at Morningstar, said of U.S. acceptance of snus. "Apparently they are seeing some lift for them."
Reynolds introduced snus in April 2006 in the Austin, Texas and Portland, Oregon, markets and expanded to six other markets in July 2007.
The product, which is sold out of a refrigerator on store counters, is part of the U.S. tobacco industry's attempt to come up with new products to sell in a market where cigarette smoking is steadily declining.
Reynolds rival Philip Morris USA, a unit of Altria Group Inc (MO.N: Quote, Profile, Research), started testing its own Marlboro-branded snus in the Dallas-Fort Worth market in August 2007 and expanded that test to Indianapolis in March 2008. A spokesman declined to comment on an other potential expansion plans snus.
Camel snus will be launched in Los Angeles; Chicago; New York; Atlanta; Washington, D.C.; and other markets in May, Reynolds spokesman David Howard said.
Reynolds American shares were down 33 cents at $57.54 on Tuesday afternoon on the New York Stock Exchange. (Reporting by Brad Dorfman, editing by Gerald E. McCormick)
http://agtam.com/blog/snus-a-new-sti...acco-industry/
Snus: A New Stimulus for America’s Tobacco Industry?
‘Most of these problems could be solved on the national level if there was a will of the government of Finland,’ Suzanne Eriksson continues, revealing the crux of this issue. Relations with Finland have soured over the recent ‘snus’ case, where the European commission threatened to take Finland to the European court of justice over the illegal selling of the tobacco on board the island ferries. The island now faces a two million euro fine and the need to draft new laws banning the substance from sale. ‘There should be rules in the treaty that regions with legislative powers should have a possibility to defend themselves in the court of justice,’ she continues.
http://money.cnn.com/news/newsfeeds/...3-24533415.htm
'Whilst we expect Q1 to be impacted again by low volumes in Swedish snus following a tax increase in January, as well as weaker margins in cigars, we believe Swedish Match remains a strategic asset in the context of consolidation of the tobacco sector. We have seen a recent pick-up in corporate activity in the wider consumer staples space and believe we could see a build-up in acquisition premiums in such assets,' the investment bank said in a note, adding that Swedish Match currently trades a 8.1 percent discount to the tobacco sector.
http://www.csdecisions.com/article/3...prix-snus.html
Liggett Group is jumping into the snus market with the introduction of Grand Prix snus, a premium quality pouched tobacco product designed for adult smokers who are interested in smokeless tobacco alternatives to cigarettes. Grand Prix snus will be available in a variety of test markets beginning in May 2008. The product is the latest addition to the Grand Prix brand, the fastest growing U.S. cigarette brand over the past two years. Grand Prix snus will be sold at value pricing and will be available in three varieties: Original, Spearmint and Wintergreen. Grand Prix snus will initially be offered in select retail outlets throughout the following areas: Portland, Ore.; Kansas City, Mo.; Indianapolis; Dallas/Fort Worth, Texas; Raleigh, N.C.; Orlando, Fla.; and Columbus, Ohio.
http://www.reuters.com/article/marke...47392820080415
CHICAGO, April 15 (Reuters) - R.J. Reynolds Tobacco Co is expanding the test of its Camel snus smokeless tobacco product to the largest U.S. markets, including New York City, Chicago and Los Angeles, a spokesman said on Tuesday.
The expansion is the latest sign that R. J. Reynolds, a unit of Reynolds American Inc (RAI.N: Quote, Profile, Research), sees a U.S. future for snus, a refrigerated smokeless and spitless tobacco product with roots in Sweden.
"I thought the learning curve was going to be a little bit harder on this one domestically," Gregg Warren, analyst at Morningstar, said of U.S. acceptance of snus. "Apparently they are seeing some lift for them."
Reynolds introduced snus in April 2006 in the Austin, Texas and Portland, Oregon, markets and expanded to six other markets in July 2007.
The product, which is sold out of a refrigerator on store counters, is part of the U.S. tobacco industry's attempt to come up with new products to sell in a market where cigarette smoking is steadily declining.
Reynolds rival Philip Morris USA, a unit of Altria Group Inc (MO.N: Quote, Profile, Research), started testing its own Marlboro-branded snus in the Dallas-Fort Worth market in August 2007 and expanded that test to Indianapolis in March 2008. A spokesman declined to comment on an other potential expansion plans snus.
Camel snus will be launched in Los Angeles; Chicago; New York; Atlanta; Washington, D.C.; and other markets in May, Reynolds spokesman David Howard said.
Reynolds American shares were down 33 cents at $57.54 on Tuesday afternoon on the New York Stock Exchange. (Reporting by Brad Dorfman, editing by Gerald E. McCormick)
http://agtam.com/blog/snus-a-new-sti...acco-industry/
Snus: A New Stimulus for America’s Tobacco Industry?
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