Difference between revisions of "British American Tobacco"

From TakeApartWiki
Jump to: navigation, search
(Marketing, Communications and PR Companies)
(Tobacco Litigation)
(One intermediate revision by the same user not shown)
Line 933: Line 933:
  
 
===Tobacco Litigation===
 
===Tobacco Litigation===
 +
 +
Brazil's solicitor general's office is suing [[British American Tobacco]] Plc and Philip Morris International to recover the public health treatment costs of tobacco-related diseases over the last five years. <ref> [https://www.bloombergquint.com/onweb/philip-morris-influencer-tobacco-ads-on-social-media-under-fire Philip Morris Influencer Tobacco Ads on Social Media Under Fire], ''Bloomberg'', 22 May 2019, Accessed 13 June 2019 </ref> This move had been praised by the World Health Organisation. <ref> [ https://www.dailymail.co.uk/wires/afp/article-7068245/WHO-praises-Brazil-lawsuit-against-tobacco-giants.html WHO praises Brazil lawsuit against tobacco giants], Mail Online, 24 May 2019, Accessed 13 June 2019 </ref> 
  
 
A full list of tobacco industry litigation cases can be found [https://takeapartwiki.tobaccofreekids.org/index.php?title=Tobacco_Control_Litigation here].
 
A full list of tobacco industry litigation cases can be found [https://takeapartwiki.tobaccofreekids.org/index.php?title=Tobacco_Control_Litigation here].
Line 1,142: Line 1,144:
 
|}
 
|}
  
===Marketing, Communications and PR Companies===
+
===Marketing, Conferences and PR===
  
 
{| class="wikitable"
 
{| class="wikitable"
Line 1,149: Line 1,151:
 
! style="font-weight:bold;width=20%" |Notes  
 
! style="font-weight:bold;width=20%" |Notes  
 
! style="font-weight:bold;width=30%" |Other Clients
 
! style="font-weight:bold;width=30%" |Other Clients
 +
|-
 +
|[https://isontech.info/programme?utm_source=Global IsoNTech Conference] (2019)
 +
|Active
 +
|Developers, manufactures and distributors of eCigsar invited to demonstrate new products and discuss their design and development at IsoNTech Conference. Representatives from [[British American Tobacco]] (Chris Proctor), Philip Morris International (Gizelle Baker) and Juul (Erik Augustson) were present. <ref> IsoNTech Conference website, [https://isontech.info/programme?utm_source=Global ISoNTech Programme], 13 June 2019 </ref>
 
|-
 
|-
 
|[https://www.fticonsulting-asia.com/ FTI Consulting] (2017)
 
|[https://www.fticonsulting-asia.com/ FTI Consulting] (2017)

Revision as of 10:36, 14 June 2019

British American Tobacco is one of the leading, multi-category consumer goods companies. It employs over 55,000 people, with market leadership in over 55 countries and factories in 42. Its strategic portfolio is made up of its global cigarette brands and an increasing range of potentially reduced-risk products, comprising vapour and tobacco heating products, as well as oral tobacco and nicotine products such as moist snuff and snus. [1]

Company Overview

British American Tobacco is a publicly traded company based in London. In 2018, British American Tobacco operates in over 200 markets with 29 markets selling its heating, vapour, and modern oral products. [2] British American Tobacco is the third largest producer in the global tobacco market, and controls 11.4 percent of the international cigarette market. Top selling brands include Pall Mall, Rothmans, Kent, Dunhill, and Lucky Strike, and these five brands account for more than half of all British American Tobacco cigarette sales.[3] In 2017, British American Tobacco generated reported revenue of GBP 20 billion and profit from operations of GBP 6.5 billion. In July 2017, British American Tobacco p.l.c. acquired the remaining 57.8 percent of Reynolds American Inc. that British American Tobacco did not already own. [4] British American Tobacco has a strong presence in Lausanne, Switzerland and at cigarette factory at Boncourt, canton Jura. [5]

Management Board

British American Tobacco independent chairman Richard Burrows is stepping down from his role after more than nine years. [6] The company also announced that, after 30 years with the Company and 11 years as Finance Director, Ben Stevens has informed the Company of his intention to step down as Finance Director in August 2019. He will be succeeded as Finance Director by Tadeu Marroco, currently Director, Group Transformation. [7]


Name Position Bio
Jack Bowles Chief Executive Jack became British American Tobacco’s Chief Operating Officer for the International Business in October 2017. Joining the Group in 2004, Jack was Chairman of British American Tobacco France in 2005 before taking up the role of Managing Director of British American Tobacco Malaysia in 2007. He joined the Management Board as Regional Director for Western Europe in October 2009 before becoming Regional Director for the Americas in October 2011. He was appointed Regional Director, Asia-Pacific in January 2013, a position he continued to hold until 1 January 2018 when a new regional structure came into effect.[8]
Ben Stevens Finance Director Ben joined the Board of British American Tobacco p.l.c. in March 2008 and was appointed to the role of Finance Director in April 2008. He was previously Director of British American Tobacco’s Europe region, a position he had held since 2004. Ben has broad international experience spanning both senior finance and general management roles. He joined British American Tobacco in 1990 as Regional Finance Controller with responsibilities for Europe, East Africa and South Asia and in 1994 moved to Switzerland where he worked in a variety of marketing roles. In 1995 Ben became Chairman and Managing Director of the Pakistan Tobacco Company before being appointed Chairman and Managing Director of British American Tobacco Russia in 1997. In 1998 he returned to the UK as Head of Corporate Affairs for the newly listed British American Tobacco p.l.c. and in the following year was appointed Head of Merger Integration following the merger with Rothmans. He was appointed to the Management Board as Development Director in April 2001 where his responsibilities included corporate strategy, mergers and acquisitions and IT. Ben was elected as a member of the Board of Directors of ISS A/S on 5 April 2016. Ben, a graduate of Manchester University and the Manchester Business School, is married with two children.
Jerome Abelman Director, Legal and External Affairs And General Counsel Jerry was appointed Director, Legal and External Affairs and General Counsel in May 2015, having joined the Management Board as Group Corporate and Regulatory Affairs Director in January 2015. He has been with the Group for over 15 years and has held a number of roles in Legal. Jerry was Regional General Counsel, Asia-Pacific from 2010 to 2014, before becoming Assistant General Counsel – Corporate and Commercial. Jerry was a member of the Board of Reynolds American Inc. (RAI) from February 2016 until the acquisition of RAI in July 2017.[8]
Marina Bellini Director, Digital and Information Marina was appointed to a new role on the Management Board – Director, Digital and Information – in January 2019. This role is responsible for driving digital transformation across the Group and further enhancing the Group’s digital consumer experience capabilities. Marina joined British American Tobacco as Chief Information Officer (CIO) in 2018 having previously served as Global CIO and Global Business Services SVP at Anheuser-Busch InBev, where she was responsible for information technology transformation, including consumer digital marketing. [8]
Luciano Comin Regional Director, Americas and Sub-Saharan Africa Luciano Comin was appointed Regional Director, Americas and Sub-Saharan Africa in January 2019. He joined British American Tobacco as a Management Trainee in Argentina in 1992 and during his career with the Group has gained broad experience in a wide range of roles, including Marketing Director in Venezuela, Marketing Director in Mexico and General Manager of BAT Mexico. Luciano was also Regional Marketing Manager for Western Europe and then Regional Head of Marketing, Americas and Sub-Saharan Africa before his appointment to the Management Board. [8]
Hae In Kim Director, Talent and Culture Designate Hae In was appointed Director, Talent and Culture Designate in January 2019 and will succeed Giovanni Giordano, currently Director, Group Human Resources, on 1 April 2019. She was previously Group Head of Talent and Organisational Effectiveness and has held several other senior HR roles in British American Tobacco, including Regional HR Director, Asia-Pacific and HR Director, Japan and North Asia. Prior to joining the Group, Hae In gained experience at Samsung, IBM Consulting Services and PwC. Hae In has been a Non-Executive Director of Pakistan Tobacco Company Limited since April 2015. [8]
Alan Davy Director, Operations Alan was appointed to the Management Board as Group Operations Director in March 2013. He joined the Group in 1988 and has held various roles in manufacturing, supply chain and general management. Alan previously held the position of Group Head of Supply Chain. [8]
Giovanni Giordano Director, Group Human Resources Giovanni joined the Management Board of British American Tobacco in June 2011. He is an international human resources executive with wide experience from senior roles at Procter & Gamble and Ferrero, where he was Chief Corporate Officer. [8]
Paul Lageweg Director, New Categories Paul was appointed Director, New Categories, a new role on the Management Board, in January 2019. This role, reporting directly to the Chief Marketing Officer, has end-to-end accountability for driving growth, innovation, world-class brand building and consumer insights for the Group’s potentially reduced-risk products. Paul has been with the Group for 13 years in various senior roles, including Regional Marketing Manager, Asia-Pacific and Middle East; Area Director, East Asia; and Global Head of Marketing Futures. Before joining BAT, Paul held senior marketing roles at Unilever and Kimberly-Clark.[8]
Tadeu Marroco Director, Group Transformation and Deputy Finance Director Tadeu was appointed Regional Director, Europe and North Africa in January 2018. He joined the Management Board as Director, Business Development, in September 2014 and was appointed Regional Director, Western Europe in December 2016, a position he held until 1 January 2018 when a new regional structure came into effect and Tadeu took up his current role. He joined British American Tobacco in Brazil over 20 years ago and his other previous roles include Regional Finance Controller, EEMEA, and Group Finance Controller. [8]
Guy Meldrum Regional Director, Asia-Pacific and Middle East Guy Meldrum was appointed Regional Director, Asia-Pacific and Middle East in January 2019. Previously Area Director, Australasia Area, Guy joined BAT in 1992 and has held several senior roles in the Group including Area Director, North Asia Area and Marketing Director, Russia.
Dr. David O’Reilly Director, REsearch and Science David was appointed Group Scientific Director in January 2012. He has been with British American Tobacco for over 20 years and has held various positions in Group Research and Development. He has led the Group’s R&D efforts to develop reduced toxicant products and has also been Head of International Public Health and Scientific Affairs, responsible for engagement with the scientific, medical and public health communities.[8]
Ricardo Oberlander President and CEO, Reynolds American Inc. Ricardo became President and CEO of Reynolds American Inc. (RAI) in January 2018. He was appointed to the Management Board as Regional Director for the Americas in January 2013. Ricardo joined Souza Cruz in May 1989 and has held various roles including Marketing Director of British American Tobacco’s Malaysian business, Regional Marketing Manager for the Americas, General Manager in France and Global Consumer Director. Ricardo was a member of the Board of RAI from December 2014 until the acquisition of RAI in July 2017. He is a member of the Chief Marketing Officer (CMO) Council North America Advisory Board. [8]
Johan Vandermeulen Regional Director, Asia-Pacific and Middle East Johan was appointed Regional Director, Asia-Pacific and Middle East in January 2018. He joined the Management Board as Regional Director for Eastern Europe, Middle East and Africa in September 2014, a position he held until 1 January 2018 when a new regional structure came into effect and Johan took up his current role. He has been with British American Tobacco for more than 25 years and his previous roles include General Manager in Russia, General Manager in Turkey and Global Brand Director for the Kent brand.[8]
Kingsley Wheaton Chief Marketing Officer Kingsley was appointed Regional Director, Americas and Sub-Saharan Africa in January 2018. He joined the Group in 1996 and has held a number of roles in Marketing. He was Marketing Director in Nigeria and Russia, before becoming General Manager in Russia. He was Global Brand Director responsible for the Kent and Vogue brands, before joining the Management Board in January 2012 as Deputy Corporate and Regulatory Affairs Director. In June 2012 he was appointed Director, Corporate and Regulatory Affairs. In January 2015, Kingsley became Managing Director, Next Generation Products. [8]

Board Members

Name Position Bio [9]
Richard Burrows Chairman Richard Burrows joined the Board of British American Tobacco as a Non-Executive Director in September 2009 and became Chairman in November 2009. He is also Chairman of the Nominations Committee.
Kieran Poynter Senior Independent Director Kieran Poynter became a Non-Executive Director of British American Tobacco p.l.c. in July 2010. He became Senior Independent Director in October 2016. He is Chairman of the Audit Committee and a member of the Nominations Committee.
Sue Farr Non-Executive Director Sue Farr was appointed to the Board of British American Tobacco p.l.c. as a Non-Executive Director in February 2015. She is a member of the Nominations and Remuneration Committees.
Dr. Marion Helmes Non-Executive Director Dr. Marion Helmes joined the Board of British American Tobacco p.l.c. as a Non-Executive Director on 1 August 2016. She is a member of the Audit and Nominations Committees.
Luc Jobin Non-Executive Director Luc Jobin was appointed to the Board of British American Tobacco p.l.c. as a Non-Executive Director on 25 July 2017 following completion of the acquisition of Reynolds American Inc. He is a member of the Nominations and Remuneration Committees
Holly Keller Koeppel Non-Executive Director Holly Keller Koeppel was appointed to the Board of British American Tobacco p.l.c. as a Non-Executive Director on 25 July 2017 following completion of the acquisition of Reynolds American Inc. She is a member of the Audit and Nominations Committees.
Savio Kwan Non-Executive Director Savio Kwan was appointed to the Board of British American Tobacco p.l.c. as a Non-Executive Director in January 2014. He is a member of the Nominations and Remuneration Committees.
Dimitri Panayotopoulos Non-Executive Director Dimitri Panayotopoulos was appointed to the Board of British American Tobacco p.l.c. as a Non-Executive Director in February 2015. He is Chairman of the Remuneration Committee and a member of the Nominations Committee.

Investments in Unconsolidated Subsidiaries:

An unconsolidated subsidiary is a company that is owned by a parent company, but whose individual financial statements are not included in the consolidated or combined financial statements of the parent company to which it belongs. Instead, this type of company appears in the combined financial statement as an investment.[10]

Subsidiary Name[11]:202


Country Interest amount (percentage)
Tisak d.d. Croatia 41.86
Országos Dohányboltellátó Korlátolt Felelosségu Társaság Hungary 49
ITC Limited India 29.69
VST Industries Limited India 32.16
Surya Nepal Pvt. Limited Nepal 61
Veletabak d.o.o. Serbia 25
Uganda Tobacco Processors Limited Uganda 50
Kamaran Industry and Investment Company Yemen 31
United Industries Company Limited Yemen 32

List of Significant Subsidiaries

"significant" > 20 percent management control

Subsidiary Name [12] State or Country of Organization Region
British American Tobacco (Algérie) S.P.A. Algeria Eastern Europe, Middle East and Africa
British American Tobacco Argentina S.A.I.C.y F. Argentina Americas
British American Tobacco Australia Limited Australia Asia-Pacific
British American Tobacco Bangladesh Company Limited Bangladesh Asia-Pacific
British American Tobacco Belgium S.A. Belgium Western Europe
Souza Cruz LTDA Brazil Americas
British American Tobacco (Cambodia) Limited Cambodia Americas
Imperial Tobacco Canada Limited Canada Americas
British American Tobacco Chile Operaciones S.A. Chile Americas
British American Tobacco Colombia S.A.S. Colombia Americas
British American Tobacco (Czech Republic), s.r.o. Czech Republic Western Europe
British American Tobacco Denmark A/S (House of Prince A/S) Denmark Western Europe
British American Tobacco Egypt LLC Egypt Eastern Europe, Middle East and Africa
British American Tobacco France SAS France Western Europe
BATIG Gesellschaft fur Beteiligungen m.b.H. Germany Western Europe
British American Tobacco (Germany) GmbH Germany Western Europe
British American Tobacco (Industrie) GmbH Germany Western Europe
PT Bentoel Internasional Investama, Tbk Indonesia Asia-Pacific
B.A.T. Pars Company (Private Joint Stock) Iran, Islamic Republic of Eastern Europe, Middle East and Africa
British American Tobacco Italia S.p.A. Italy Western Europe
British American Tobacco Japan, Ltd. Japan Asia-Pacific
British American Tobacco Kazakhstan Trading LLP Kazakhstan Eastern Europe, Middle East and Africa
British American Tobacco Korea Limited Korea, Republic of Asia-Pacific
British American Tobacco Korea Manufacturing Limited Korea, Republic of Asia-Pacific
British American Tobacco (Malaysia) Berhad Malaysia Asia-Pacific
British American Tobacco Mexico, S.A. de C.V. (iv) Mexico Americas
British American Tobacco Exports B.V. Netherlands Western Europe
British American Tobacco Holdings (The Netherlands) B.V. Netherlands Western Europe
British American Tobacco Nederland B.V. Netherlands Western Europe
British American Tobacco Western Europe Region B.V. Netherlands Western Europe
British American Tobacco (New Zealand) Limited New Zealand Asia-Pacific
British American Tobacco (Nigeria) Limited Nigeria Eastern Europe, Middle East and Africa
British American Tobacco Marketing Nigeria Limited Nigeria Eastern Europe, Middle East and Africa
Pakistan Tobacco Company Limited Pakistan Asia-Pacific
British American Tobacco Polska Trading sp. zo.o. Poland Western Europe
British-American Tobacco Polska S.A. Poland Western Europe
British American Tobacco (Romania) Trading SRL Romania Western Europe
JSC ‘British American Tobacco-SPb’ Russia Eastern Europe, Middle East and Africa
JSC ‘International Tobacco Marketing Services’ Russia Eastern Europe, Middle East and Africa
British-American Tobacco (Singapore) Private Limited Singapore Asia-Pacific
British American Tobacco Holdings South Africa (Pty) Limited South Africa Eastern Europe, Middle East and Africa
British American Tobacco España, S.A. Spain Western Europe
British American Tobacco Switzerland S.A. Switzerland Western Europe
British American Tobacco Tütün Mamulleri Sanayi ve Ticaret Anonim Sirketi Turkey Eastern Europe, Middle East and Africa
LLC “British American Tobacco Sales and Marketing Ukraine” Ukraine Western Europe
PJSC “A/T B.A.T. – Prilucky Tobacco Company” Ukraine Western Europe
B.A.T (U.K. and Export) Limited United Kingdom Western Europe
B.A.T Services Limited United Kingdom Western Europe
British American Tobacco (GLP) Limited United Kingdom Western Europe
British American Tobacco (Investments) Limited United Kingdom Western Europe
British American Tobacco Global Travel Retail Limited United Kingdom Western Europe
British American Tobacco Western Europe Commercial Trading Limited United Kingdom Western Europe
B.A.T. International Finance p.l.c. United Kingdom Western Europe
BATMark Limited United Kingdom Western Europe
British American Tobacco (Brands) Limited United Kingdom Western Europe
British-American Tobacco (Holdings) Limited United Kingdom Western Europe
British American Tobacco UK Limited United Kingdom Western Europe
R.J. Reynolds Tobacco Company United States United States
RAI Services Company United States United States
RAI Trade Marketing Services Company United States United States
Reynolds American Inc. United States United States
B.A.T Capital Corporation United States United States
British American Tobacco (Brands) Inc. United States United States
American Snuff Company, LLC United States United States
Santa Fe Natural Tobacco Company, Inc United States United States
Compania Anonima Cigarrera Bigott Sucesores Venezuela Americas

Forecast

At the start of 2019, British American Tobacco reported higher full-year adjusted sales and profit, helped by cigarette market share gains and growth in vaping devices. Excluding the impact of currency fluctuations and the 2017 acquisition of Reynolds American, the maker of Lucky Strike and Dunhill cigarettes reported adjusted 2018 revenue of GPB 25.76 billion, up 3.5 percent. [13]

In November 2018, British American Tobacco and Imperial Brands have had GBP 8.6 billion wiped off their stock market value as the United States FDA announcement to crack down on the sale of flavoured e-cigarettes and menthol cigarettes. [14] British American Tobacco shares fell 10 percent, the most in more than four years. [15] As much as a quarter of the company's profits come from menthol cigarettes. [16] The company's spokesman Simon Cleverly provided a statement:

 “We are not aware of anything that has changed to suggest the FDA would deviate from its existing multi-year comprehensive, rule-making process on flavours in tobacco products, which includes menthol... If the agency indicates it seeks “to regulate menthol cigarettes, any such proposal will have to go through the multiyear rule-making [sic] process." [15]

In October 2018, Reuters reported British American Tobacco cut its full-year revenue target for cigarette alternatives such as vaping pens and tobacco heating devices, citing a flat market in Japan and a product recall in the United States. The expected revenue from Next-Generation products is 900 million pounds in 2018. [17]

Profitability

Annual Profits

In 2018, the revenue grew by 25.2 percent in 2018 to GBP 24,492 million, largely due to the acquisition of RAI. [18]:14

Fiscal year

in billions GBP

2018 [19] 2017 [11]:217 2016 [11]:217 2015 [11]:217 2014 [20]
Net Revenue 24.5 20.3 14.8 13.1 14.0
Profit from operations 9.3 6.5 4.7 4.6 4.5

2018 Profits per Region (in millions GBP)

in millions GBP Profit from operations [18]:14 Adjusted profit from operations at constant rates [18]:14
United States 4,006 4,686
Americas and Sub-Saharan Africa 1,544 1,922
Europe and North Africa 1,905 2,217
Asia-Pacific and Middle East 1,858 2,099


Asia-Pacific

Geographic region covers: Australia, Bangladesh, Indonesia, Japan, Malaysia, New Zealand, Pakistan, Philippines, South Korea, Taiwan, Vietnam [21]:3

in millions GBP 2017 [11]:45 2016 [11]:45 2015 [11]:45 2014 [22]:9 2013 [22]:9
Net Revenues 4,509 4,266 3,773 4,253 4,203
Adjusted profit 1,638 1,432 1,361 1,548 1,693

Americas

Geographic region covers: Argentina, Brazil, Canada, Chile, Colombia, Mexico [21]:3

in millions GBP 2017 [11]:46 2016 [11]:46 2015 [11]:46 2014 [22]:9 2013 [22]:9
Net Revenues 3,125 2,868 2,720 3,056 3,317
Adjusted profit 1,147 1,017 1,082 1,286 1,364

Western Europe

Geographic region covers: Belgium, Czech Republic, Denmark, France, Germany, Italy, Netherlands, Poland, Romania, Spain, Sweden, Switzerland, United Kingdom [21]:3

in millions GBP 2017 [11]:47 2016 [11]:47 2015 [11]:47 2014 [22]:9 2013 [22]:9
Net Revenues 4,532 3,867 3,203 3,546 3,635
Adjusted profit 1,127 1,044 990 1,189 1,273

EEMEA

Geographic region covers: Algeria, Morocco, Egypt, Nigeria, GCC, Russia, Iran, South Africa, Iraq, Turkey, Kazakhstan, Ukraine [21]:3

in millions GBP 2017 [11]:44 2016 [11]:44 2015 [11]:44 2014 [22]:9 2013 [22]:9
Net Revenues 3,915 3,750 3,408 4,337 4,105
Adjusted profit 1,246 1,182 1,127 1,380 1,490

Acquisitions

In 2018, the Group acquired Quantus Beteiligungs-und Beratungsgesellschaft mbH, which houses the vapour retail business of High End Smoke in Germany. [18]:254 On October 21, 2016, British American Tobacco CEO Nicandro Durante publicly announced an offer for the 57.8 percent of Reynolds American, Inc. that British American Tobacco did not already own. According to media reports, Reynolds American, Inc. rejected British American Tobacco’s initial buyout offer of USD 47 billion as being too low. In January 2017, Reynolds American, Inc. accepted increased offer of USD 49 billion with the deal finalised in June of 2017.[23]

Recent acquisitions [24] Acquired Organization Name Acquiring Organization Name Announced Date Value
Ente Tabacchi Italiani S.p.A acquired by British American Tobacco Ente Tabacchi Italiani S.p.A British American Tobacco 1/1/2003 -
British American Tobacco Denmark A/S acquired by British American Tobacco British American Tobacco Denmark A/S British American Tobacco 7/2/2008 -
Tekel AS acquired by British American Tobacco Tekel AS British American Tobacco 6/24/2008 -
Bentoel Group acquired by British American Tobacco Bentoel Group British American Tobacco 6/17/2009 USD 494M
Productora Tabacalera de Colombia acquired by British American Tobacco Productora Tabacalera de Colombia British American Tobacco 5/26/2011 USD 452M
Reynolds American acquired by British American Tobacco Reynolds American British American Tobacco 1/17/2017 USD 54.5B
CN Creative acquired by British American Tobacco CN Creative British American Tobacco 12/1/2012 GBP 50M
TDR acquired by British American Tobacco TDR British American Tobacco 6/1/2015 EUR 550M
Ten Motives acquired by British American Tobacco Ten Motives British American Tobacco 4/29/2016 -

Investments

At 31 December 2015, the following substantial interests (3 percent or more) in the Company’s ordinary share capital (voting securities) had been notified to the Company in accordance with Section 5.1.2 of the Disclosure Rules and Transparency Rules. As at 24 February 2016, the Company had not received notification either of any change in the interests below or that any other person holds 3 percent or more of its ordinary shares. [21]:114

Name Number of ordinary shares  % of issued share capital
BlackRock, Inc 132,891,526 7.13
Reinet Investments S.C.A. 76,518,264 4.10
The Capital Group Companies, Inc. 75,240,878 4.04

In 2015, the organization completed it's acquisition of TDR in Croatia, the leading independent cigarette manufacturer in Central Europe. British American Tobacco also acquired the rest of the shares in its Brazilian subsidiary, Souza Cruz, not currently owned by the Group and de-listed the company the same year. [21]:14

In 2015, British American Tobacco signed a vapour products technology-sharing agreement with R.J. Reynolds Tobacco Company. The agreement provides a framework for collaboration and mutual cross-licensing of the parties’ vapour product technologies up to 31 December 2022. British American Tobacco completed the acquisition of the CHIC Group, the market-leading Vapour Product (e-cigarette) business in Poland. [21]:5

In August 2018, The Guardian reported more than GBP 1.7 billion had been directly invested in tobacco company stocks by healthcare providers, fire authorities and schools via UK council pension funds. It found Council retirement schemes in the UK are major investors in firms including British American Tobacco, Imperial Brands and Philip Morris International, according to data compiled from more than 100 freedom of information requests. [25]

Tobacco companies have received more than GBP 45 million investment from the United Kingdom's Lincolnshire County Council’s pension fund. The current investment (as of January 2019) for British American Tobacco sits at GBP 24.1 million – one per cent of the total fund. [26]

The Auckland Council has been told it might have more than $700,000 indirectly invested in British American Tobacco. The council has been told by the Janus Global Research growth fund that it might have more than $700,000 invested in the company. [27]

Market Share

The Group’s cigarette market share in its Key Markets continued to grow strongly (up 40 bps) in 2017. This was due to the comapny's GDBs, which grew 110 bps (ex US) and currently accounts for more than 50 percent of Group cigarette and THP volume outside the US. Over the year, market share in the US was up 20 bps, with the RAI Strategic Brands growing 40 bps. Total Group cigarette and THP volume grew 3.2 percent to 686 billion, or on an organic basis fell 2.6 percent, outperforming the industry, which was estimated to have declined by around 3.5 percent. Flagship THP, glo, first launched in Japan in December 2016, reached 3.6 percent market share by the end of 2017 – having been rolled out nationally from October 2017. Since then, 50 percent of the overall category growth in Japan has been from glo – with initial progress in other launch markets such as South Korea, Russia, Canada, Romania and Switzerland. [11]:13

Emerging Markets

British American Tobacco has a significant presence in emerging markets across South America, Africa, the Middle East and Asia. According to the company's website emerging markets will account for 60 percent of volume in the enlarged group. Over the last 5 years, revenue per pack in emerging markets has grown at more than twice the rate compared to developed markets. With generally low cigarette pack prices and expectations of continued growth in consumer disposable income over the long term, the future profit growth opportunity remains strong. [28] Nik Oliver, consumer goods analyst at UBS said in a March 2017 interview with Financial Times, British American Tobacco derives more than 50 per cent of its total revenues from emerging markets with the strongest emerging market portfolio of the company's peers. [29]

Factory Openings and Closures

In 2018, British American Tobacco had 55 factories, 47 of which produce cigarettes, [18]:19 including two new factories, one in Zambia and one in Malaysia. [18]:23 In 2018, British American Tobacco invested EUR 45 million in plant in Croatia. According to the company's director for the Adria region, Antal Bekefi, the company has been investing significant funds into research and development since 2012, investing more than USD 2.5 million for new generation products. [30]

The British America Tobacco Zambia Plc has constructed a cigarette manufacturing plant at a cost of USD 25 million aimed at localizing its brand portfolio in Zambia. [31]

In June 2018, British American Tobacco announced it would invest €800 million over the next five years in its factory in Ploiești, Romania. The investment, which will generate 200 new jobs in Romania, will support the expansion of innovative tobacco heating product – glo – in countries across Europe during the second half of 2018. [32] The unit in Ploiesti will be the third in the world (after South Korea and Russia) to produce Neosticks for glo and the first in Europe. [33]

Dividends

On 22 February 2018, the Company announced that the Board had declared an interim dividend of 195.2p per ordinary share of 25p, payable in four equal quarterly instalments of 48.8p per ordinary share in May 2018, August 2018, November 2018 and February 2019. [34]

As announced in April 2017, the Group has moved to quarterly dividends with effect from 1 January 2018. In order to effect the transition to quarterly dividends, British American Tobacco committed to ensuring shareholders would receive an equivalent cash amount in 2018 under the quarterly dividend approach as they would have done under the previous methodology. As part of this process, a second interim dividend of 43.6p (equivalent to 25 percent of the cash dividend paid in 2017) was declared in December 2017 and paid in February 2018. The Board has declared an interim dividend of 195.2p per ordinary share, payable in four equal dividend payments of 48.8p per ordinary share, to shareholders registered on the UK main register or the South Africa branch register and to ADS holders, each on the applicable record dates. The dividends receivable by ADS holders in US dollars will be calculated based on the exchange rate on the applicable payment dates." [11]:37

Products

Strategic Portfolio

The following brands are part of a portfolio of British American Tobacco priority brands.

Combustible tobacco products[35]: Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit: Potentially reduced-risk products[35]: vype, glo, epo, mocca, vuse, neo, lyfy, kodiak, chic group, Granit, Ten Motives, Grizzly, VIP, Camel Snus.

British American Tobacco also owns a number of international and local cigarette brands, including Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A and State Express 555.[35]

Combustible Tobacco Products

British American Tobacco's share of the cigarette market has been largely driven by five global brands – Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.[35] At the end of 2018, British American Tobacco had 47 manufacturing facilities producing cigarettes around the world. [36]

Heated Tobacco Products

British American Tobacco offers four core product ranges [35]

  • Tobacco heating products
  • Vapour products
  • Modern oral products, including tobacco-free nicotine pouches
  • Traditional oral products, including moist snuff and snus

The 2018 heated tobacco product revenue increased to GBP 565 million or GBP576 million, at constant rates. The glo brand has achieved 4.7 percent market share in Japan, and continues to grow market share in South Korea, Romania and Italy. [18]:12

British American Tobacco launched glo in 2015. [37] Japan is also the market where heat-not-burn has had the biggest success, and the amount of cigarettes sold there has dropped by about 20 percent over two years. South Korea is currently the market with the next-biggest potential. [38]

In April 2018, The Rolling Stone Magazine profiled several British American Tobacco sponsored events around Italy that have been used to promote Glo by continuing to build an association with fashion, music, technology, and partying. [39] In September 2018, British American Tobacco launched glo in Ukraine. [40]

In a press release from December 2018, British American Tobacco announced it is introducing a new vaping device in the United Kingdom market, called Vype iSwitch. [41] The iSwitch comes in a standard version, which retails for about GBP 30 (USD 38), and an upscale version, the Maxx, which sells for about GBP 50. [42] In December 2018, Vype ePen 3 launched in New Zealand. [43] In September 2018, U.S. Food and Drug Administration determined that British American Tobacco hasn’t produced adequate data to show its Camel smokeless tobacco pouches are a less risky alternative to cigarettes. [44] In February 2019, British American Tobacco launched Vype iSwitch and Vype iSwitch Maxx with ‘Puretech’ technology that incorporates an ultra-slim stainless steel blade that heats the e-liquid to create vapour. [45]

To date, British American Tobacco published 25 peer-reviewed articles on heated tobacco products. In 2018, the company presented at 24 scientific conferences and external meetings. [18]:28 The company carried out a series of tests tests to prove that its vaping products produce ‘greatly reduced mutagenicity, cytotoxicity and effects on wound healing as compared to cigarette smoke.’ [46]

Volumes

In 2018, the volume was 3.5 percent lower as growth in Pakistan, Japan (driven by THP), Turkey, Poland, Romania and Egypt was more than offset by declines in the GCC, US, Russia and Brazil.[18]:20 In 2018, volume was up 0.7 percent in the Asia-Pacific and Middle East region at 228 billion sticks driven by the recovery in the combustibles volume in Pakistan and the performance of glo in Japan and South Korea with sales of 6.5 billion sticks in the period. [18]:347

Volume of Cigarettes by Region

Effective January 2018, British American Tobacco uses a new organizational structure consisting of four regions: Americas and Sub Saharan Africa (including East & Central Africa; West Africa and South Africa), Europe and North Africa (including Russia, Ukraine, Caucasus, Central Asia, Belarus, and Turkey), Asia-Pacific and Middle East and the United States of America.[47]

Year (in Billions) 2018 [18]:35 2017 [11]:44-47 2016 [11]:44-47 2015 [11]:44-47 2014 [22]:9 2013 [22]:9
United States 77 NA NA NA NA NA
Americas and Sub-Saharan Africa 157 NA NA NA NA NA
Europe and North Africa 246 NA NA NA NA NA
Asia Pacific and Middle East 228 NA NA NA NA NA
Asia-Pacific NA 193 196 198 197 197
Americas NA 107 113 124 131 134
Western Europe NA 122 120 112 112 119
Eastern Europe, Middle East and Africa (EEMEA) NA 228 236 229 227 226
Total 708 686

(includes tobacco heating products)

665 663 667 676

Product Unit Volume

Product Category/ Year (in Billions) 2018 [18]:35 2017 [11]:10 2016 [11]:10 2015 [11]:10 2014 [22]:3 2013 [22]:3
Tobacco Units 708 686 665 663 667 676
Percentage Growth 3.2 3.2 0.2 (0.5) (1.3) -

Marketing and Campaigns

Social Media

In February 2019, Campaign For Tobacco Free Kids and Netnografica LLC published the results of a two-year investigation into how the big tobacco companies, including Philip Morris, British American Tobacco, Japan Tobacco, and Imperial Brands used social media influencers to promote their products online. [48]

The Tobacco Institute of Southern Africa paid social media celebrities in what could be a ploy to undermine new government efforts to curb tobacco use in the country. The social media campaign coincided with the July 2018 release of proposed anti-tobacco legislation that would curtail advertising and smoking in public places, with violators facing fines and even up to three months in jail. [49]

Sponsorship

British American Tobacco announced a multi-year sponsorship deal with McLaren Racing. The partnership focuses around the promotion of British American Tobacco's potentially “reduced risk products”. [50] The Centre for Substance Use Research has taken money from Philip Morris International and British American Tobacco. [51]

Controversies

Two new studies from the Tobacco Control Research Group, published in the BMJ journal, Tobacco Control, expose evidence that big tobacco companies are still facilitating tobacco smuggling, while attempting to control a global system designed to prevent it and funding studies that routinely overestimate levels of tobacco smuggling. [52]

Financials disclosures for President Trump's interim choice for U.S. Defence Secretary role Patrick Shanahan showed he was invested in more than 400 diverse stocks for companies such as British American Tobacco, CBS, Diamond Offshore Drilling, Facebook, Marathon Petroleum and Qualcomm. [53]

In August 2018, The Guardian reported that British American Tobacco has promoted sales of its cigarettes in some of the most fragile, war-torn and unstable countries of Africa and the Middle East. Documents acquired by The Guardian describe how cartons of cigarettes were distributed to traders hidden in black bags in Somalia after Al-Shabaab banned sales and threatened punishments under Sharia law between late 2008 and early 2009. The documents also show that British American Tobacco made plans to launch in South Sudan just two days before it gained independence from the north after years of destruction from a civil war that left 4 million people displaced. [54]

Internal British American Tobacco documents revealed that illicit trade was both profitable and integral to British American Tobacco operations in the People’s Republic of China over the span of two decades.[55] British American Tobacco's involvement in cigarette smuggling in Africa and Lebanon has also been documented. [56][57]

A 2015 BBC investigation uncovered evidence of bribery when British American Tobacco illegally paid politicians and civil servants in countries in East Africa. [58] Independent further reported British American Tobacco recruited and paid for a union to disrupt production at one of its chief rivals. [59] Emails reveal British American Tobacco made illegal payments to two members and one former member of the World Health Organization's Framework Convention on Tobacco Control. British American Tobacco lobbyist Julie Adell-Owino arranged bribes totalling USD 26,000 for three public officials in Rwanda, Burundi and the Comoros Islands. All three officials were connected to a United Nations effort to reduce the number of tobacco related deaths, the Framework Convention on Tobacco Control. [58] British-American Tobacco's response to the allegations stated: "The truth is that we do not and will not tolerate corruption, no matter where it takes place."

But the evidence, as presented, looks damning. [60] In 2016, lawyers investigating bribery and corruption allegations against one of the world’s leading tobacco firms have been urged to expand their investigation after fresh international accusations emerged. According to court documents seen by The Independent on Sunday, two former police officers who went to work for private corporate investigation companies paid cash to South African law enforcement officials to disrupt British American Tobacco’s competitors’ business operations. [61]

South African Revenue Service (SARS) says it is owed R 143 million by the local arm of British American Tobacco as a result of tax fraud and evasion. [62] In 2014, South African subsidiary British American Tobacco Zimbabwe (Batz) was under scrutiny from SARS who has unearthed errant and illegal behavior on the part of the company. [63]

Marketing to Kids

For a full list of Marketing to Kids cases look here.

British American Tobacco signed up New Zealanders with large social media followings to promote its e-cigarette brand Vype by posting pictures of themselves vaping on Instagram. [64]

Campaign for Tobacco-Free Kids investigation into over 100 social media campaigns by Philip Morris International, British American Tobacco, Japan Tobacco International and Imperial Brands revealed tobacco companies pay social media influencers on platforms like Instagram, Facebook and Twitter to advertise their products. [65] Campaign for Tobacco-Free Kids reported British American Tobacco is behind several high profile influencer marketing campaigns for its Lucky Strike and Dunhill cigarette brands. An influencer paid to promote British American Tobacco brands explained:

  “I put the pack of cigarettes here on the table and I take a photo. Because it’s obviously illegal. So they have this group of people in every city… They try to create this thing where they give packets of cigarettes to people with a certain number of followers, so that they post a picture with the packet. The final image they want to give is that smoking Lucky Strike is cool." [65]

Political Spending

For a list of political contributions in the United States look here.

According to the 2018 Annual report, the total amount of British American Tobacco’s political contributions made to non-EU political parties in 2018 was GBP 3,718,540 (2017: GBP4,832,321).[18]:70 RAI Companies reported political contributions totalling GBP 3,718,540 (USD 4,965,850) for the full year 2018 to US political organisations, non-federal-level political party committees and to campaign committees of various non-federal candidates. [18]:70

Research and Development

Portal Chemical & Engineering News reported that representatives from British American Tobacco, Japan Tobacco International, Philip Morris International, and Reynolds American attended the annual meeting of the American Society for Cellular & Computational Toxicology focused on non-animal toxicology testing. The website cited the ultimate goal to:

  "to convince officials at the U.S. Food & Drug Administration’s Center for Tobacco Products (CTP) that in vitro methods for predicting respiratory toxicology in humans are ready for prime time." [66]

Corporate Social Responsibility

In 2019, British American Tobacco announced the roll-out of VerifY, a scheme aimed at ensuring that all retailers of e-cigarettes are aware of their role in the prevention of access to vaping by under-18s. [67]

British American Tobacco Bangladesh was amongst 28 companies honored for practising transparency and good governance in their day-to-day operations by the Institute of Chartered Secretaries of Bangladesh, a professional body tasked with developing, promoting and regulating the profession of chartered secretaries, organised the awards. British American Tobacco Bangladesh won the gold award in the manufacturing companies category. [68]

In October 2018 Reuters reported that British American Tobacco ranked second and third (alongside Tesco) on the first Global Governance FTSE 100 League Table. The ranking judges companies based on their compliance with the 2015 Modern Slavery Act. [69]

In 2016, British American Tobacco Peru and British American Tobacco Central America and Caribbean are “recognised … amongst top employers in LatAm 2016”. British American Tobacco Mexico has been recognised as the leading employer in the country and British American Tobacco West Africa won "awards for outstanding employee engagement strategies”. [70] British American Tobacco was named as a "Top Employer" for 2019 in eight countries – Australia, Bangladesh, Indonesia, Japan, Malaysia, Pakistan, South Korea and Vietnam, by the Top Employers Institute. [71]

Reporting and Regulation

Investigations

According to the Independent, British American Tobacco, Imperial Brands, Japan Tobacco International and Philip Morris International have all shifted their corporate structures to minimise their tax bills in the United Kingdom, researchers from the University of Bath found. Despite being headquartered in Britain, Imperial Brands paid an effective rate of just 13 per cent over the past seven years, during which corporation tax has varied between 20 per cent and 28 per cent. British American Tobacco is also based in the UK but paid “virtually no” corporation tax over the same period, including four consecutive years (2011-14) where it paid nothing at all, the paper found. [72]

Tobacco Litigation

Brazil's solicitor general's office is suing British American Tobacco Plc and Philip Morris International to recover the public health treatment costs of tobacco-related diseases over the last five years. [73] This move had been praised by the World Health Organisation. [74]

A full list of tobacco industry litigation cases can be found here.

Souza Cruz (a subsidiary of British American Tobacco ) was sentenced to pay around USD 180,000 to the widow of a smoker in Caxias do Sul. According ACT, this is the 1st time that the responsibility of the tobacco industry is recognized. Historically in Brazil, the industry has won all lawsuits filed by victims or relatives. [75] In a lawsuit, filed in the High Court in Auckland, Philip Morris (New Zealand) is suing British American Tobacco (New Zealand), alleging its larger rival is breaching competition law by locking retailers into contracts designed to preserve its dominance in a NZD 2.5 billion market. [76]

In 2015, British American Tobacco, Philip Morris International and Japan Tobacco ordered to pay CAD 12.5 billion in damages to Quebec smokers. [77]

In 2014, Philip Morris International and British American Tobacco, with support from other companies including Imperial Tobacco and Japan Tobacco International,made a legal bid to have new European Union picture health warnings and a ban on menthol cigarettes overturned. [78]

Partners and Allies

According to Transparency Register, in 2017 British American Tobacco disclosed it was a member of the following associations: [79]

  • The American Chamber of Commerce to the European Union
  • American European Community Association
  • British Chamber of Commerce in Belgium
  • BusinessEurope
  • European Policy Centre
  • Confederation of British Industry
  • European Risk Forum
  • Ad Hoc Council (The European Government Business Relations Council)
  • Confederation of European Community Cigarette Manufacturers (CECCM)
  • European Smoking Tobacco Association (ESTA)
  • European Smokeless Tobacco Council (ESTOC)
  • International Chamber of Commerce (ICC)
  • International Trademark Association
  • ICC Business Action to Stop Counterfeiting and Piracy (BASCAP)
  • Kangaroo Group
  • The Mentor Group
  • Tobacco Industry Platform (TIP)
  • Transatlantic Business Dialogue
  • Tobaksproducenterne (Tobacco Manufacturers Denmark)
  • Tobacco Manufacturers' Association (TMA)

A full list of memberships and associations is available on Tobacco Tactics wikipedia by clicking here.

Right-wing lobbying group, the NZ Taxpayers’ Union, was identified as being supported by British American Tobacco. [80]

Lobbying

Think-tanks from multiple countries received funding from British American Tobacco, Japan Tobacco International and Philip Morris International, alongside governments as they argued against tobacco controls (James to enter individual countries). [81] According to Politico, among the lobbyists on the EU Transparency Register, representing British American Tobacco are Bernstein Public Policy and Red Flag. [82] Philip Morris South Africa previously contributed to the Free Market Foundation, a South African libertarian think-tank. [83] British American Tobacco has previously donated to one of Australia’s most prominent right-wing think tank, the Institute of Public Affairs (IPA). [84]

The European Union Register lists the following lobbyists:

Name Contract Status Start Date End Date
Giovanni Carucci [85] Active 26 September 2018 25 September 2019
Thomas Compernolle [85] Active 18 April 2019 30 April 2020
Devrla Gleeson [85] Active 26 February 2019 20 February 2020
Ruth Gunning [85] Active 26 February 2019 20 February 2020
Federica Patalano [85] Active 21 September 2018 20 September 2019
Christa Pelsers [85] Active 26 February 2019 20 February 2020
Nicole Scourti [85] Active 26 February 2019 20 February 2020


British American Tobacco Australia wants Western Australia to pave the way for nation-wide e-cigarette regulations. British American Tobacco Australia has fronted WA's Parliamentary Select Committee on Personal Choice and Community Safety, which is assessing whether the use of electronic cigarettes should be made legal in the state. [86]

Wall Street Journal reported British American Tobacco plans to challenge possible restrictions on menthol cigarettes in the United States and argue that a ban in Canada hasn’t reduced smoking rates. [87]

Australia

Strategic public affairs firm Wells Haslem Mayhew lists British American Tobacco Australia as one of their clients. [88]

Kenya

Researchers have previously suggested British American Tobacco has undue influence over the Kenyan government and is in breach of WHO tobacco convention. The company has been accused of intimidation and interference in the country. [89]

Pakistan

In 2018, Philip Morris International Inc and British American Tobacco Plc lobbied Pakistan’s government to not implement bigger health warnings on cigarette packs. British American Tobacco, through its local subsidiary, also lobbied then Prime Minister Shahid Khaqan Abbasi with a letter and met Pakistani officials, according to government documents and a review of the October 2017 correspondence. [90]

United Kingdom

The 2018 Freedom of information requests revealed that the U.K. Foreign Office and the Department for International Trade had been championing the interests of British American Tobacco in the past. This is despite the government being forced to draw up new guidelines for UK embassy staff after it emerged in 2012 that the UK ambassador had been lobbying the Panama government on behalf of company. [91]

Front Groups

British American Tobacco is a Silver member of the Scottish Grocers Federation, a front group 'promoting responsible community retailing by lobbying, communication, networking and advice.' As of 2018, Japan Tobacco International and Imperial Tobacco were both listed as members on the organization's website. [92]

British think-tank Institute of Economic Affairs has carried articles opposing tobacco taxes. While the think tank does not disclose its funding online, Open Democracy and Guardian reported it has received money from British American Tobacco in the past. [93] [94]

Ceylon Tobacco Company is a part of a consortium of multinational corporations in Sri Lanka known as the League of Multinational Corporates. Business Mirror described them as a 'business association that will promote the island nation’s economic potential and initiate a dialogue with the government on the issues and opportunities in the investment landscape.' [95] Managing Director and Chief Executive Officer of the Ceylon Tobacco Company Michael Koest held the chairmanship of the organization as of 2018. [96]

The Eliminating Child Labor in Tobacco-Growing is a front group for tobacco industry interests under the guise of a corporate social responsibility initiative. Eliminating Child Labor in Tobacco-Growing was co-founded by British American Tobacco and represents an alliance of tobacco companies and growers - led exclusively by members of the tobacco industry. In 2016 every member of the board came from tobacco. [97] The Organization has close ties to the United Nation's agency for labot, the International Labour Organization. The partnership has been ongoing since 2002 and seeks to eliminate child labour and promote workers’ rights in tobacco-growing communities in Brazil, Malawi, Tanzania, Uganda and Zambia. [98] In November 2018, the International Labour Organization announced it will no longer rely on tobacco-industry funding for its projects to end child labor and promote workers’ rights in select tobacco growing communities. The International Labour Organization will no longer rely on its public-private partnerships with the tobacco industry to fund projects on addressing child labor and tobacco workers’ rights in the short term. [99] In 2018, the Eliminating Child Labour in Tobacco Growing provided training and communications to farmers and rural community members to raise awareness of human rights issues, which reached over 134,000 beneficiaries in 2018. [18]:30

Tobacco Tactics reported a number of tobacco companies, including British American Tobacco were a donors to the Atlas Network in 2015 and 2016. According to the organisation's Wiki "internal tobacco industry documents show the Atlas Network has had a longstanding funding relationship with the tobacco industry." [100]. Full profile on the organisation can be found here.

Law Firms and Consultancies

Name Contract Status Notes Other Clients
Cravath, Swaine & Moore (2017) NA Six top law firms have advised on British American Tobacco’s mega-buyout of Reynolds American. According to official announcements from BAT and Reynolds, the law firms and other reports, the legal advisers to various groups involved in the deal are: Cravath, Swaine & Moore; Herbert Smith Freehills; Jones Day; Weil, Gotshal & Manges; Moore & Van Allen; and Simpson Thacher & Bartlett. [101]
  • AXA
  • The Walk Disney Company
  • Pinnacle Foods
  • Bacardi Limited [102]
Shearn Delamore & Co. NA Law firm for British American Tobacco Malaysia. [103]

NA

Wong & Partners (Baker & McKenzie International) NA Law firm for British American Tobacco Malaysia.[103]

NA

De Borja Marasigan Allado Law Partnership NA Law firm for British American Tobacco Philippines.[103]

NA

Herbert Smith Freehills (2017) Active Herbert Smith Freehills advised their long-standing client British American Tobacco on a recommended offer to acquire the remaining 57.8 percnt of Reynolds it does not already own, which amounts to a total current value of USD 49.4 billion. [104]
Jones Day (2017) NA Six top law firms have advised on British American Tobacco’s mega-buyout of Reynolds American. According to official announcements from BAT and Reynolds, the law firms and other reports, the legal advisers to various groups involved in the deal are: Cravath, Swaine & Moore; Herbert Smith Freehills; Jones Day; Weil, Gotshal & Manges; Moore & Van Allen; and Simpson Thacher & Bartlett.[101]
  • Rex Energy
  • Byron Hamburgers
  • Seven Energy [107]
Weil, Gotshal & Manges LLP (2017) NA Six top law firms have advised on British American Tobacco’s mega-buyout of Reynolds American. According to official announcements from BAT and Reynolds, the law firms and other reports, the legal advisers to various groups involved in the deal are: Cravath, Swaine & Moore; Herbert Smith Freehills; Jones Day; Weil, Gotshal & Manges; Moore & Van Allen; and Simpson Thacher & Bartlett.[101]
  • American Airlines
  • CBS
  • Hilton Worldwide [108]
Moore&VanAllen (2017) NA Herbert Smith Freehills advised their long-standing client British American Tobacco on a recommended offer to acquire the remaining 57.8 percnt of Reynolds it does not already own, which amounts to a total current value of USD49.4 billion. [109]
  • Frontier Capital
  • Spice World, Inc [110]
Simpson Thacher & Bartlett (2017) NA Six top law firms have advised on British American Tobacco’s mega-buyout of Reynolds American. According to official announcements from BAT and Reynolds, the law firms and other reports, the legal advisers to various groups involved in the deal are: Cravath, Swaine & Moore; Herbert Smith Freehills; Jones Day; Weil, Gotshal & Manges; Moore & Van Allen; and Simpson Thacher & Bartlett.[101]
  • Mars
  • AT&T
  • Thermo Fisher [111]
KPMG (2014) NA A KPMG conducted a study for British American Tobacco, Imperial Tobacco, Japan Tobacco International and Philip Morris International that revealed one in every ten cigarettes consumed in the European Union in 2013 were illicit. [112]

KPMG LLP was appointed as the Group Auditors for British American Tobacco in March 2015 and their appointment was confirmed by shareholders at the 2015 AGM. [113]

  • Siemens
  • Dangote Group
  • The State of Hawaii [114]
EY (2017) Active British American Tobacco hired EY to conduct an independent review of the company's sustainability data. [115]

NA

Marketing, Conferences and PR

Name Contract Status Notes Other Clients
IsoNTech Conference (2019) Active Developers, manufactures and distributors of eCigsar invited to demonstrate new products and discuss their design and development at IsoNTech Conference. Representatives from British American Tobacco (Chris Proctor), Philip Morris International (Gizelle Baker) and Juul (Erik Augustson) were present. [116]
FTI Consulting (2017) Active FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political and regulatory, reputational and transactional. Individually, each practice is a leader in its specific field, staffed with experts recognized for the depth of their knowledge and a track record of making an impact.
  • Yahoo! Inc
  • Jackson Walker LLP
  • Liquidation Trustee - Bernard L. Madoff Investment Securities
  • Sportsman's Warehouse
  • TXCO Resources
Geometry Global (2017) NA Geometry Global Japan has curated an art installation, “Do-Re-Mi-Rella by glo”. The event is designed for British American Tobacco Japan which launched the next-generation tobacco device “glo” in Sendai in December 2016. [117]
Sard Verbinnen (2017) Active Sard Verbinnen & Co., LLC provides strategic communications advice and services that help clients in managing their position and specific events affecting their reputation, business, and market value. The company also provides services in the areas of corporate positioning that include development of strategies and initiatives based on research, judgment, and thinking for individuals and institutions; and offers communication advisory services to boards and senior management of public and private organizations, as well as small and mid-cap companies.
  • SoftBank
  • Alibaba Group
  • Didi Chuxing
  • Nikon
  • HNA Group
  • Grab
  • KKR
EUK Consulting (2017) Active EUK Westminster and Brussels based consultancy, bespoke public affairs, lobbying and issues-management services, political consultants, politics, british politics, London parliament. [119]
  • Stubhub
  • Emergent BioSolutions Inc
  • McCain Foods (GB) Ltd
  • Colgate Palmolive SARL
  • SC Johnson EURAFNE
  • Nicoventures Limited (also owned by BAT)
  • United Technologies Corporation
  • Lonza Limited
Red Flag (2017) Active Red Flag is an international consultancy specialising in strategic communications, government relations, crisis management and regulatory engagement. The company was listed as lobbyists for British American Tobacco in 2016 EU talks regarding implementation of FCTC. [120]
  • ESTA
  • Anitox
  • EDiMA
  • NuFarm
  • Barclay Chemicals Manufacturing
  • North American Meat Institute
  • Irish Distillers Limited (Pernod Ricard)
  • Anitox
  • Monsanto
  • National Coffee Association of USA
Ogilvy Hong Kong (2016) NA According to company's website, Ogilvy has been working with British American Tobacco for 15 years. [121]
  • Google
  • Nestlé
  • VW
  • Melco Crown Entertainment
  • Calvin Klein
  • CompareAsia
  • Galaxy Macau
  • American Express (22 years)
  • IBM (20 years)
  • UPS (10 years)
  • Coca-Cola (nine years)
  • Yum (five years)
  • MetLife (five years)
  • Nike (three years)
  • Huawei (three years).

References

  1. British American Tobacco, News Release British American Tobacco underlines commitment to transforming tobacco in latest Group reports, March 2018, Accessed September 2018
  2. Annual report, British American Tobacco (https://www.bat.com/group/sites/UK__9D9KCY.nsf/vwPagesWebLive/DOAWWGJT/$file/Annual_Report_and_Form_20-F_2018.pdf), p. 5, 28 February 2019, Accessed March 2019
  3. 1. Euromonitor International [database on the Internet]. Cigarettes. Euromonitor International; c 2017.
  4. British American Tobacco, News Release British American Tobacco underlines commitment to transforming tobacco in latest Group reports, March 2018, Accessed September 2018
  5. Switzerland: the land of the tobacco industry, Swissinfo.ch, 3 October 2018, Accessed 2019
  6. BAT prepares for chairman transition; new CEO took over April 1, Journal Now, 12 April 2019, Accessed April 2019
  7. News release, British American Tobacco website, 28 February 2019, Accessed April 2019
  8. 8.00 8.01 8.02 8.03 8.04 8.05 8.06 8.07 8.08 8.09 8.10 8.11 8.12 British American Tobacco, Management Board, British American Tobacco website, Accessed September 2018
  9. British American Tobacco, Meet the Board, Accessed June, 2018
  10. Investopedia, Unconsolidated Subsidiary,2018, Accessed September 2018
  11. 11.00 11.01 11.02 11.03 11.04 11.05 11.06 11.07 11.08 11.09 11.10 11.11 11.12 11.13 11.14 11.15 11.16 11.17 11.18 11.19 11.20 11.21 11.22 11.23 British American Tobacco, 2017, Transforming Tobacco, Annual Report and Form 20-F 2017 Accessed: September, 2018
  12. British American Tobacco, EX-21.1 of F-4 for British American Tobacco p l c, May 2017, Accessed September 2018
  13. TITLE, Reuters, 28 February 2019, Accessed April 2019
  14. Tobacco shares US BAT Imperial Brands FDA mentor ban, The Guardian, November 2018, Accessed December 2018
  15. 15.0 15.1 Tobacco Shares Plunge on Possible U.S. Ban of Menthol Cigarettes, Bloomberg, November 2018, Accessed November 2018
  16. Opinion: BAT/menthol cigarettes: puff baddy, Financial Times, November 2018, November 2018
  17. British American Tobacco cuts sales target for new products, Reuters, October 2018, Accessed October 2018
  18. 18.00 18.01 18.02 18.03 18.04 18.05 18.06 18.07 18.08 18.09 18.10 18.11 18.12 18.13 18.14 Cite error: Invalid <ref> tag; no text was provided for refs named BAT_AR2019
  19. Preliminary Announcement - Year Ended 31 December 2018British American Tobacco, Accessed March 2019
  20. British American Tobacco, Annual Review 2014,p.3, Accessed September 2018
  21. 21.0 21.1 21.2 21.3 21.4 21.5 21.6 British American Tobacco, 2015, Delivering today, Investing in tomorrow, Annual Report 2015 Accessed: September, 2018
  22. 22.00 22.01 22.02 22.03 22.04 22.05 22.06 22.07 22.08 22.09 22.10 22.11 British American Tobacco, 2014, Delivering today, Investing in tomorrow, Annual Report 2014 Accessed: September, 2018
  23. British American Tobacco to Take Over Reynolds American in $49 Billion Deal, New York Times, January 2017, Accessed September 2018
  24. Crunchbase, British American Tobacco, Accessed August 2018
  25. Council pension funds are major investors in tobacco companies, The Guardian, August 2018, Accessed September 2018
  26. Lincolnshire County Council invests £45 million from pension fund in tobacco companies, Grantham Reporter, January 5, 2019, Accessed January 2019
  27. Akl Council might have $700k tobacco investment, Radio NZ, 9 August 2016, Accessed December 2018
  28. British American Tobacco,News Release BAT announces agreement to acquire Reynolds, January 2017, Accessed September 2018
  29. British American Tobacco chief confident of ecigarette push, FT, March 2017, Accessed September 2018
  30. BAT invests 45 Million Euro in Plant in CroatiaTotal Croatia News, September 2018, Accessed September 2018
  31. British America Tobacco constructs a $ 25million cigarette plant, Lusaka Times, October 2018, Accessed November 2018
  32. British American Tobacco, News Release BAT to invest €800 million in its Romanian factory by 2022 to support the European expansion of glo, June 2018, Accessed September 2018
  33. BAT’s factory in Ploiesti, the third in the world and the first in Europe to produce Neosticks, Business Review, June 2018, Accessed September 2018
  34. British American Tobacco, http://www.bat.com/group/sites/UK__9D9KCY.nsf/vwPagesWebLive/DOALSC3V, February 2018, Accessed December 2018
  35. 35.0 35.1 35.2 35.3 35.4 British American Tobacco, Overview of our portfolio, Accessed May 2019
  36. Manufacturing, British American Tobacco website, Accessed 3 May 2019
  37. Potentially reduced-risk products, British American Tobacco, Accessed May 2019
  38. Cite error: Invalid <ref> tag; no text was provided for refs named BAT_Bloomberg1
  39. Glo live, l’opening party della mostra torinese, April 2018, Accessed November 2018
  40. BAT Launches Glo in Ukraine, Vaping Post, September 2018, Accessed November 2018
  41. Launches High-Tech Vape in the U.K. to Fend Off Juul, IQOS, Bloomberg, December 2018, Accessed December 2018
  42. BAT Launches High-Tech Vape in U.K. to Fend Off Juul, IQOS, Bloomberg, 11 December 2018, Accessed December 2019
  43. Vype ePen 3 launches in New Zealand - BAT NZ, Voxy.co.nz, 11 December 2018, Accessed December 2018
  44. Yet Another Smoking Alternative Isn't Better for You Than Cigarettes,Bloomberg, September 2018, Accessed September 2018
  45. BAT launches Vype iSwitch and Vype iSwitch Maxx, Better Retailing, 16 February 2019, Accessed April 2019
  46. BAT's novel vaping product shows minimal toxicity in laboratory tests, Eureka, 12 March 2019, Accessed April 2019
  47. Global Company, British American Tobacco website, Accessed 3 May 2019
  48. How the tobacco industry targets young people with social media influencers, Dazed & Confused, 13 February 2019, Accessed 7 May 2019
  49. Bhekisa, Did Big Tobacco buy Twitter?, 7 September 2018, Accessed December 2018
  50. McLaren announces global partnership with British American Tobacco!, F1, 11 February 2019, Accessed April 2019
  51. Critic SNP government anti drugs strategy in row over tobacco industry funding, Herald Scotland, 31 March 2019, Accessed April 2019
  52. University of Bath, New research uncovers 'one of the tobacco industry’s greatest scams', August 2018, Accessed September 2018
  53. Meet Trump’s pick to take over for Mattis at Pentagon, The Hill, December 24, 2018, Accessed January 2019
  54. Revealed: how British American Tobacco exploited war zones to sell cigarettes, The Guardian, August 2017, Accessed September 2018
  55. Lee K, Collin J. “Key to the future”: British American Tobacco and cigarette smuggling in China. PLoS Med. 2006;3:e228
  56. LeGresley E, Lee K, Muggli ME, Patel P, Collin J, Hurt RD. British American Tobacco and the “insidious impact of illicit trade” in cigarettes across Africa. Tob Control. 2008;17:339-46.
  57. Nakkash R, Lee K. Smuggling as the “key to a combined market”: British American Tobacco in Lebanon. Tob Control. 2008;17:324-31
  58. 58.0 58.1 The secret bribes of big tobacco, BBC, November 2015, Accessed September 2018
  59. British American Tobacco accused of corporate espionage in South Africa, Independent, February 2016, Accessed September 2018
  60. An exceptional insight into commercial bribery practices at British American Tobacco,Forbes December 2015, Accessed September 2018
  61. British American Tobacco accused of corporate espionage in South Africa, Independent, February 2016, Accessed September 2018
  62. Sars faces off with British American Tobacco over R143m tax bill, Times Live, 7 April 2019, Accessed April 2019
  63. BAT faces fresh espionage allegations, The Independent in Business, June 6, 2014, Accessed January 2019
  64. Outrage as tobacco giants pay instagram influencers to promote vaping product, Stuff, 27 January 2019, Accessed April 2019
  65. 65.0 65.1 Campaign for Tobacco-Free Kids, PRESS RELEASE New Investigation Exposes How Tobacco Companies Market Cigarettes on Social Media in the U.S. and Around the World,August 2018, Accessed October 2018
  66. Big tobacco embraces in vitro toxicology, Chemical & Engineering News, October 2018, Accessed October 2018
  67. British American Tobacco tackles youth vaping, Talking Retail, 26 February 2019, Accessed April 2019
  68. Improve corporate governance, The Daily Star, November 2018, Accessed November 2018
  69. Marks & Spencer tops list of major British firms tackling modern slavery, Reuters, October 2018, Accessed October 2018
  70. https://www.theguardian.com/commentisfree/2016/jul/13/the-problem-with-selling-a-lethal-product-you-just-cant-get-the-staff The problem with selling a lethal product: you just can't get the staff], The Guardian, 13 July 2016, Accessed December 2018
  71. British American Tobacco, We’re a top employer again in Asia-Pacific!, December 20, 2018, Accessed January 2019
  72. Tobacco companies uk corporation tax profits university bath study, Independent, 16 February 2019, Accessed April 2019
  73. Philip Morris Influencer Tobacco Ads on Social Media Under Fire, Bloomberg, 22 May 2019, Accessed 13 June 2019
  74. [ https://www.dailymail.co.uk/wires/afp/article-7068245/WHO-praises-Brazil-lawsuit-against-tobacco-giants.html WHO praises Brazil lawsuit against tobacco giants], Mail Online, 24 May 2019, Accessed 13 June 2019
  75. Empresa de cigarros é condenada a pagar R$ 637 mil para viúva de fumante de Caxias do Sul, ACT, 30 January 2019, Accessed April 2019
  76. BIG TOBACCO FIRMS CLASH IN NZ AS PHILIP MORRIS SUES BAT FOR ANTI-COMPETITIVE BEHAVIOUR, Sharechat.co.nz, 22 March 2018, Accessed December 2018
  77. Tobacco Firms Ordered to Pay $12.5 Billion to Smokers in Canada, The Wall Street Journal, 2 June 2015, Accessed December 2018
  78. Tobacco Firms Fight EU Picture Health Warning, Yahoo! Finance, 3 November 2014, Accessed December 2018
  79. Europe.eu, Transparency Register British American Tobacco, Accessed September 2018
  80. Anti-tobacco advocates suspicions confirmed by investigation http://www.scoop.co.nz/stories/PO1901/S00164/anti-tobacco-advocates-suspicions-confirmed-by-investigation.htm, Scoop, 31 January 2019, Accessed April 2019
  81. Tobacco industry free market thinktanks cigarette controls, The Guardian, 23 January 2019, Accessed April 2019
  82. Tobacco lobbyists demand say in EU debate on … tobacco lobbying, Politico, April 2016, Accessed September 2018
  83. Free Market Foundation, Members, Accessed October 2018
  84. Institute of Public Affairs growing but think tank remains tight-lipped about donors, The New Daily, July 2018, Accessed October 2018
  85. 85.0 85.1 85.2 85.3 85.4 85.5 85.6 European Transparency Register, British American Tobacco, Accessed 3 May 2019
  86. British American Tobacco pushes for e-cigarette regulations, saying WA could 'champion' change, ABC, 22 February 2019, Accessed April 2019
  87. Newport Owner BAT Sets Out Defense of Menthols, Wall Street Journal, 28 February 2019, Accessed April 2019
  88. Department of Prime Minister and Cabinet website, View Lobbyist Profile, August 2018, Accessed November 2018
  89. Tobacco industry accused of 'intimidation and interference' in Kenya, The Guardain, 3 March 2015, Accessed December 2018
  90. Pakistan diluted proposed tobacco health warnings after Philip Morris, BAT lobbying, Reuters, 29 May 2018, Accessed December 2018
  91. UK accused of hypocrisy on overseas tobacco control, The Guardian, 28 January 2018, Accessed December 2018
  92. Scottish Grocers Federation, Corporate Members, Accessed December 2018
  93. Right-wing think tank accused of promoting tobacco and oil industry “propaganda” in schools, Open Democracy, November 2018, Accessed December 2018
  94. Health groups dismayed by news 'big tobacco' funded rightwing thinktanks, The Guardian, June 2013, Accessed December 2018
  95. ‘League of Multinational Corporates’ launched, Mirror Business, October 2018, Accessed November 2018
  96. Tobacco unmasked website, League of Multinational Corporates (LMNC),Accessed November 2018
  97. Campaign for Tobacco-Free Kids, PRESS RELEASE Campaign for Tobacco-Free Kids Calls on ILO to Finally Sever Ties with Deadly Tobacco Industry, June 2018, Accessed September 2018
  98. Should the ILO maintain financial ties to the tobacco industry?, Swiss Info, October 2018, Accessed September 2018
  99. After 3 deferments, ILO finally decides on tobacco industry-funded projects, Devex, November 2018, Accessed November 2018
  100. Tobacco Tactics, Atlas Network, Accessed November 2018
  101. 101.0 101.1 101.2 101.3 Six law firms act on British American Tobacco’s US$49b takeover of Reynolds American, Australasian Lawyer, January 2017, Accessed October 2018
  102. Cravath, Swaine & Moore, Corporate, Accessed October 2018
  103. 103.0 103.1 103.2 Tobacco Industry Watch website, Lawyers and Law Firms, Accessed December 2018
  104. Herbert Smith Freehills,HERBERT SMITH FREEHILLS ADVISES BRITISH AMERICAN TOBACCO ON ITS US$49.4 BILLION ACQUISITION OF REYNOLDS AND US$25 BILLION ACQUISITION FACILITIES, January 2017, Accessed October 2018
  105. 105.0 105.1 105.2 Herbert Smith Freehills,GOVERNMENT AND PUBLIC SECTOR, Accessed October 2018
  106. 106.0 106.1 106.2 Herbert Smith Freehills,CONSUMER, Accessed October 2018
  107. Jones Day, Business Restructuring & Reorganization, Accessed October 2018
  108. Weil, Gotshal & Manges LLP, Antitrust Litigation, Accessed October 2018
  109. Herbert Smith Freehills,HERBERT SMITH FREEHILLS ADVISES BRITISH AMERICAN TOBACCO ON ITS US$49.4 BILLION ACQUISITION OF REYNOLDS AND US$25 BILLION ACQUISITION FACILITIES, January 2017, Accessed October 2018
  110. Moore&VanAllen, News, Accessed October 2018
  111. Simpson Thacher & Bartlett, Banking and Credit, Accessed October 2018
  112. Japan Tobacco International, One in Ten Cigarettes Consumed in the EU in 2013 Were Illegal; Dramatic Rise in Consumption of ‘Illicit Whites’, June 2014, Accessed October 2018
  113. British American Tobacco, Annual Report 2015, p. 46, Accessed November 2018
  114. KPMG, Empowering access, Accessed October 2018
  115. British American Tobacco website, INDEPENDENT SUSTAINABILITY ASSURANCE 2017, Accessed November 2018
  116. IsoNTech Conference website, ISoNTech Programme, 13 June 2019
  117. GEOMETRY GLOBAL JAPAN CURATES AN ART INSTALLATION “DO-RE-MI-RELLA BY GLO” WITH COLOURFUL UMBRELLAS, Campaign Brief Asia, 28 June 2017, Accessed 7 May 2019
  118. Geometry Global, Our Work, Accessed 7 May 2019
  119. EUK Consulting, Our Clients, Accessed September 2018
  120. Tobacco lobbyists demand say in EU debate on … tobacco lobbying, Politico, April 2016, Accessed September 2018
  121. Ogilvy & Mather: Reclaiming the Crown, Marketing Interactive, June 2016, Accessed September 2018
Cite error: <ref> tag with name "BAT_AR_2013" defined in <references> is not used in prior text.