Tag - Japan Tobacco

China Tobacco Goes Global

You’ve heard of Marlboro, Camel, and Lucky Strike, but what about Silver Elephant, Red Pagoda Mountain, and Double Happiness? China National Tobacco Corporation is the world’s largest tobacco company, accounting for nearly half of global cigarette production. The secretive state-backed giant holds a virtual monopoly over China’s vast tobacco market, the world’s largest, selling more...

Japan Tobacco warns of profit decline, to slash jobs and focus on heat sticks

TOKYO (Reuters) - Japan Tobacco Inc (JT) said on Tuesday it planned to cut around 1,000 jobs and focus its efforts on winning market share in heated tobacco devices, as it forecast an unexpected slump in profit this year. The company said it expects 2021 operating profit to fall 23% to 363 billion yen ($3.46...