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We are particularly bullish on premium craft spirits, as consumers are willing to pay for authentic, heritage-led brands that offer stronger unit economics and resilience in a regulated market, he noted

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Finally, Andrew Ahern, Japan Tobacco Internationals vice president of flagship brands, offers his interpretation of Sobranie: When we talk about luxury, we mean positioning the brand among other cigarettes. And as luxury becomes more prevalent in tobacco, uniqueness plays a key role

Reynolds profit rose 35 per cent to $1.72 billion last year on revenue of $8.24 billion, excluding excise taxes

The 64 million packs smuggled into the state now cost the state $224 million in forgone revenue each year. The State of New Hampshire earned $26 million in revenue from cigarette smugglers in 2022, and a total of $955 million from 2007-2022, the report concluded