A bill expected this week in the U.S. House of Representatives would weaken a Food and Drug Administration rule governing e-cigarettes and represent a major victory for the $4.4 billion U.S. vaping industry.
19th May 2017 is the end of the TPD transition period. From 20th May 2017 only TPD compliant products can be sold, and any remaining stock of non-compliant product must be removed from sale.
The 20th May is also the deadline for submission of annual sales reporting data for TPD notified products which were on sale between 20 May and 31 December 2016.
If you haven’t yet notified your products then act now! Continue reading “Have you done everything to ensure your products are compliant?”
New rules on vaping are coming into force within weeks – and if you’re a vaper you will need to be aware of these changes.
The new Tobacco and Related Products Regulations 2016 comes into force on Monday, May 20, and introduces a number of rules about the sale of e-cigarettes and e-liquids.
After being in discussion for months, British American Tobacco (BAT
BAT is a British multinational tobacco company that belongs to the top five worldwide largest tobacco companies. It has a market-leading position in more than 50 countries and distributes brands like Dunhill, Lucky Strike, Kent, Pall Mall, Kool, Benson&Hedges and Rothman.
“>BAT), and Reynolds American, have agreed on a price for the merger that will create the world’s largest Big Tobacco
“>big tobacco company.
The British company which has been a Reynolds shareholder for over a decade, said that the acquisition of this 57.8% of the stake, ”creates a stronger, truly global tobacco” business, adding, that this was “the logical progression in our relationship”.
On the 20th of last October, BAT, who is the second-largest tobacco manufacturer in the United States, sent an acquisition proposal to RAI. This comprised of an offer of $20 billion in cash and about $47 billion in shares, for the acquisition of the remaining 57.8% in the company.
This merger is expected to save BAT $400 million, whilst bringing together some of the most popular cigarette brands such as Lucky Strike, Rothmans, Dunhill and Camel cigarettes.
However at the beginning of November Reynolds replied with a refusal of the initial offer, well aware that BAT, which already owned 42% of the company, would be willing to re-negotiate.
Now that the deal has been concluded, this merger is expected to save BAT $400 million, whilst bringing together some of the most popular cigarette brands such as Lucky Strike, Rothmans, Dunhill and Camel cigarettes.
The UK company which has also been extensively branching out to vaping products, owns over 200 brands, and last November even purchased major Polish vaping company, Chic, in a move that will ensure its presence in Eastern Europe. Subsequently the takeover of Reynolds will now also guarantee its presence in South America, the Middle East and Africa.
The creation of the world’s largest tobacco company
“Our combination with Reynolds will benefit from utilising the best talent from both organisations. It will create a stronger, global tobacco and NGP [new-generation products] business with direct access for our products across the most attractive markets in the world.” said BAT’s chief executive, Nicandro Durante.
“The sheer scale of the enlarged BAT raises the pressure on the remaining players to bulk up too, and attention is likely to turn to Imperial Brands, who look more and more like a minnow swimming in a tank of big, hungry fish.” Steve Clayton, Fund Manager at Hargreaves Lansdown.
While fund manager at Hargreaves Lansdown, Steve Clayton, said this was a big move that made sense, adding, “The sheer scale of the enlarged BAT raises the pressure on the remaining players to bulk up too, and attention is likely to turn to Imperial Brands, who look more and more like a minnow swimming in a tank of big, hungry fish.”
Source – The Vaping Post