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“We stand in solidarity with the innocent men, women and children who are suffering.” Tobacco firm Phillip Morris International has sold the brand in Britain for. “Our focus and all our efforts over the last four weeks have been to ensure the safety and security of our Ukrainian colleagues,” Chief Executive Officer Jacek Olczak said in the statement. Marlboro cigarettes are set to disappear from UK shelves within 10 years, as the companys own boss wants to ban fags. Philip Morris has already reduced manufacturing operations, suspended marketing and canceled product launches in Russia.
MARLBORO CIGARETTES UPDATE
The cigarette maker said it will update its full-year forecast when it reports first-quarter results on April 21. The country is the world’s fourth-largest cigarette market by volume, but it’s also been an important region for growth of the company’s IQOS cigarette alternative. It’d be a big step out of a key market which generated 6% of total revenue last year. The maker of Marlboro cigarettes said Thursday it intends to leave and is considering ways to do so in an orderly fashion as it’s become too complex to do business there. said it is working on options to leave the Russian market, joining scores of multinationals that are scaling back operations in the country after its invasion of Ukraine.
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