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Headlines Tagged with ITG Brands 112 headlines found

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Altria Leads Cigarette Price Increase

“From a timing perspective, this price increase is roughly in line with [Altria’s] cigarette price increase last year that became effective on May 17, 2015,” Wells Fargo analyst Bonnie Herzog wrote in a research note. “We had been anticipating this price
CSP News (Convenience Store/Petroleum)
added May 18, 2016 17:07
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Big Three tobacco manufacturers increasing cigarette list prices by 7 cents

R.J. Reynolds Tobacco Co., ITG Brands LLC and Philip Morris USA all confirmed on Thursday their plans to raise traditional cigarette list prices by 7 cents per pack for a fourth consecutive round. The list price is what wholesalers pay manufacturers for
Winston-Salem (NC) Journal
added May 13, 2016 15:34
90 Views

[North Carolina] Imperial stresses ITG Brands is doing well with U.S. sales; analysts question claims

stressed Wednesday that its U.S. subsidiary, ITG Brands LLC, is making “excellent progress” through the first half of fiscal 2016. The company touted in particular market share gains for traditional cigarette brands Kool and Winston, though without provid
Winston-Salem (NC) Journal
added May 4, 2016 16:58
79 Views

[North Carolina] ITG job cuts could have ripple effect on Reynolds

That affects Reynolds because the ITG job cuts could be a step in preparing Imperial and its subsidiaries for a buyer. “We still believe an eventual takeout of Reynolds by BAT is likely, but the time horizon of when this could occur would realistically
Winston-Salem (NC) Journal
added Apr 25, 2016 23:36
32 Views

[UK] Imperial Brands rebounds on easing sales fears

led the blue-chip risers on Monday after it emerged that an apparent slump in US sales was probably not what it seemed.
Financial Times (uk)
added Apr 25, 2016 21:32
27 Views

Vaping: Big Tobacco's Big Gamble on the Future

Whether it’s through their legions of lobbyists arguing for new rules and regulations or via a crack team of engineers working on a new, innovative e-cigarette product the world can’t do without, Big Tobacco knows nicotine consumption stands on the precip
Newsweek
added Apr 24, 2016 23:45
33 Views

[North Carolina] ITG Brands confirms plans to cut 375 workers, one-third of production staff

The plant’s 1,100 legacy Lorillard Inc.’s 1,100 production workers have been preparing for such a blow ever since rumors surfaced in March 2014 about Reynolds American Inc. buying their company to acquire Newport, the top-selling U.S. menthol cigarette a
Winston-Salem (NC) Journal
added Apr 23, 2016 22:47
11 Views

[North Carolina] VIDEO: 375 Workers To Be Laid Off From Greensboro's ITG Brands

The company says the layoffs are a direct result of a decrease in the amount of products made. ITG Brands is only producing half as many cigarettes as they once made before the merger with RAI. A spokesperson for ITG Brands, Mark Smith, says they neede
WFMY NEWS 2 (NC)
added Apr 23, 2016 20:37
41 Views

[North Carolina] ITG Brands begins layoffs; 20 salaried employees cut in Greensboro

"When the reciprocal manufacturing agreement we have with Reynolds winds down, production will be further reduced," ITG said Feb. 17. Newport's cigarette volume was 32.9 billion sticks in fiscal 2014. By comparison, the cigarette volume of the four tradi
Winston-Salem (NC) Journal
added Mar 18, 2016 20:09
31 Views

[North Carolina] ITG plans layoffs at Greensboro cigarette production plant

it will lay off an undisclosed number of workers later this year as it contracts to produce brands for Reynolds American. ITG spokesman Mark Smith told news outlets Wednesday that it doesn't have a final number of employees it will likely lay off or an e
WXII Ch. 12 (Winston-Salem, NC)
added Feb 19, 2016 15:58
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