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Analysis-Philip Morris faces key test with US heated tobacco push

Philip Morris International's goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates. The world's biggest tobacco company by market value will launch its flagship heated tobacco device IQOS in the U.S. in the second quarter, developing the brand pretty much from scratch. IQOS is already the top selling heated tobacco device globally and is central to PMI's efforts to tra...
United Kingdom City Of United States Callum Elliott Matt Scuffham Emma Rumney
Source: yahoo.com

Chinese cognac sales drive Remy Cointreau to Q4 sales beat

LONDON (Reuters) -Remy Cointreau's shares rose 6.8% on Friday after it reported a far smaller-than-expected fall in fourth-quarter sales, saying "significant growth" in China helped drive a surprise uptick at its cognac division. Remy, which makes over 70% of its sales from cognacs such as Remy Martin, has been grappling with difficult conditions in its two major markets, China and the United States, forcing it to cut its full-year forecast in October. Analysts had been expecti...
City Of United Kingdom United States Emma Rumney Remy Martin Remy Cointreau
Source: yahoo.com

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