Philip Morris International Considers Divesting Cigar Division as Part of Smoke-Free Strategy

Philip Morris International Considers Divesting Cigar Division as Part of Smoke-Free Strategy
3 months ago

In a significant strategic shift, Philip Morris International (PM) is contemplating the sale of its cigar business as the company intensifies its focus on smoke-free products. This move reflects a broader trend within the tobacco industry, as companies react to changing consumer preferences and increasing regulatory pressures regarding traditional tobacco products.

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Philip Morris to Shut Down German Cigarette Plants Amid Declining Sales

Philip Morris to Shut Down German Cigarette Plants Amid Declining Sales
7 months ago

In a significant blow to the traditional tobacco industry, Philip Morris International has announced the closure of its cigarette manufacturing facilities in Germany. This decision comes as a direct response to a marked drop in cigarette sales, reflective of changing consumer preferences and broader trends favoring alternative nicotine products, such as e-cigarettes and heated tobacco devices.

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