Difference between revisions of "Imperial Brands"
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− | Imperial Tobacco Group is a British company. It is the fifth largest company participating in the global tobacco market and controls 3.7 percent of the international cigarette market. <ref> Euromonitor International [database on the Internet]. Cigarettes. Euromonitor International; c 2018. </ref> Imperial operates in more than 160 markets, and key growth markets are in Italy, Russia, Japan, and Saudi Arabia. {{r|IB_2017_AR}} <ref>Imperial Brands | + | Imperial Tobacco Group is a British company. It is the fifth largest company participating in the global tobacco market and controls 3.7 percent of the international cigarette market. <ref> Euromonitor International [database on the Internet]. Cigarettes. Euromonitor International; c 2018. </ref> Imperial operates in more than 160 markets, and key growth markets are in Italy, Russia, Japan, and Saudi Arabia. {{r|IB_2017_AR}} <ref>Imperial Brands website, [http://www.imperialbrandsplc.com/About-us.html About Us], 2018, Accessed 13 July 2020</ref> Top brands include West, Davidoff, John Player Special, and Gauloises. <ref> Euromonitor International [database on the Internet]. Cigarettes. Euromonitor International; c 2018. </ref> In 2016, Imperial Tobacco was the world’s fifth-largest international cigarette company based on market share. <ref name="IB_Statista">Statista, [https://www.statista.com/topics/3221/imperial-brands-plc/ Imperial Brands - Statistics & Facts], Accessed 16 September 2018 </ref> |
==Company Overview== | ==Company Overview== | ||
− | Imperial Brands is a FTSE 100 company headquartered in Bristol in the United Kingdom. Imperial Brands consists of five distinct entities: Imperial Tobacco, Tabacalera, ITG Brands, Fontem Ventures and Logista. <ref name="IB_TransparencyRegister"> Transparency Register, [ | + | Imperial Brands is a FTSE 100 company headquartered in Bristol in the United Kingdom. Imperial Brands consists of five distinct entities: Imperial Tobacco, Tabacalera, ITG Brands, Fontem Ventures and Logista. <ref name="IB_TransparencyRegister"> Transparency Register, [https://web.archive.org/save/https://ec.europa.eu/transparencyregister/public/consultation/displaylobbyist.do?id=62460931291-40 Imperial Brands PLC], Accessed 10 May 2021 </REF> |
The core business is built around a tobacco portfolio that offers a comprehensive range of cigarettes (e.g. Davidoff, Gauloises), fine cut (e.g. Drum, Golden Virginia) and smokeless tobaccos (e.g. skruf), papers (e.g. Rizla) and cigars (e.g. Montecristo, Cohiba). Through the Fontem Ventures business, Imperial Brands are also developing a portfolio of brands beyond tobacco, including the e-vapour brand blu. {{r|IB_TransparencyRegister}} | The core business is built around a tobacco portfolio that offers a comprehensive range of cigarettes (e.g. Davidoff, Gauloises), fine cut (e.g. Drum, Golden Virginia) and smokeless tobaccos (e.g. skruf), papers (e.g. Rizla) and cigars (e.g. Montecristo, Cohiba). Through the Fontem Ventures business, Imperial Brands are also developing a portfolio of brands beyond tobacco, including the e-vapour brand blu. {{r|IB_TransparencyRegister}} | ||
− | === | + | ===Executive Committee=== |
+ | |||
+ | Yahoo revealed the company pays its new (2021) male chief executive a bigger salary than his female predecessor. <ref> [https://uk.news.yahoo.com/cigarette-giant-imperial-brands-lights-141000264.html Cigarette giant Imperial Brands lights up fresh investor pay row], ''Yahoo'', 28 January 2021, Accessed 25 February 2021 </ref> Imperial Brands has decided to cut Chief Executive Officer Stefan Bomhard’s performance-linked pay after shareholders expressed concerns over his remuneration package. The company said Bomhard, who joined as CEO in July last year, and the remuneration committee have agreed that the face value of his 2021 long term incentive plan award will be cut to 315 from 350 percent of his salary. <ref>[https://www.reuters.com/article/imperial-brands-pay/cigarette-maker-imperial-cuts-ceos-pay-package-after-investor-concerns-idUSL4N2KO3G1 Cigarette maker Imperial cuts CEO's pay package after investor concerns], ''Reuters'', 18 February 2021, Accessed 25 February 2021 </ref> | ||
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! style="font-weight:bold; width:50%" |Bio | ! style="font-weight:bold; width:50%" |Bio | ||
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− | | | + | |Stefan Bomhard |
|Chief Executive Officer | |Chief Executive Officer | ||
− | | | + | |Stefan joined Imperial in July 2020 from Inchcape plc, a global distribution and retail leader in the premium and luxury automotive sectors, where he delivered successful transformational change during a five-year tenure as Chief Executive. Stefan has a PhD in marketing and has accrued significant experience in the consumer and retail sectors during his career. Previous roles have included Chief Commercial Officer of Cadbury plc and Chief Operating Officer of Unilever Food Solutions Europe. This followed senior management and sales and marketing positions at Diageo (Burger King) and Procter & Gamble. |
''Appointment:'' | ''Appointment:'' | ||
− | Appointed | + | Appointed to the Board as Chief Executive Officer on 1 July 2020. |
''External Appointments:'' | ''External Appointments:'' | ||
− | + | Non-Executive Director on the Board of Compass PLC.{{r|IB_WEB_LEADERSHIP}} | |
|- | |- | ||
− | | | + | |Lukas Paravicini |
|Chief Financial Officer | |Chief Financial Officer | ||
− | | | + | |Lukas has a proven track record in international consumer goods companies. Beyond his finance credentials, he has considerable operational experience as well as expertise in driving transformational change including in global shared services in large international organisations. Lukas joined Imperial from agricultural commodities and brokerage group ED&F Man Holdings, where he was Chief Financial Officer. He has also held senior positions at Fonterra, a New Zealand and Australia listed co-operative and the world’s largest dairy exporter, with sales in 130 countries. He was Chief Financial Officer from 2013-2017 and Chief Operating Officer, Global Consumer and Foodservice Business from 2017-2018. Prior to that, he spent 22 years with Nestlé in various senior finance and general management roles. {{r|IB_WEB_LEADERSHIP}} |
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− | | | + | |Anindya Dasgupta |
− | |Chief | + | |Chief Consumer Officer |
− | | | + | |Anindya (Andy) has held senior executive roles in Marketing, Strategy and General Management positions in multiple markets, including the USA, India, Singapore, Thailand and the UK. After achieving success in various positions within the consumer healthcare division at GlaxoSmithKline, he joined PepsiCo, where in his 9 year career, he held senior positions culminating in the Global Beverages Group based in New York. He then joined the world’s largest dairy processing company, Fonterra, where he led the Global consumer branded business. Prior to joining Imperial, he was the CEO and Founder of Growth Officers Inc Pte. Ltd., a management consulting firm based in Singapore with operations across South East Asia, Africa and Europe. {{r|IB_WEB_LEADERSHIP}} |
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|- | |- | ||
|Joerg Biebernick | |Joerg Biebernick | ||
|Division Director, Returns | |Division Director, Returns | ||
− | |Joerg has considerable brand marketing and general management experience built during a 25-year career in Europe and the US. Prior to joining Imperial, Joerg served as President, Latin America for Kimberly Clark. He has also held senior positions working in the consumer goods sector for both Georgia Pacific and Procter & Gamble. In addition to managing | + | |Joerg has considerable brand marketing and general management experience built during a 25-year career in Europe and the US. Prior to joining Imperial, Joerg served as President, Latin America for Kimberly Clark. He has also held senior positions working in the consumer goods sector for both Georgia Pacific and Procter & Gamble. In addition to managing the Returns Division, Joerg has responsibility for Market Repeatable Model and the Imperial Tobacco brand portfolio. Joerg joined Imperial in November 2017.{{r|IB_WEB_LEADERSHIP}} |
+ | |- | ||
+ | |Alison Clarke | ||
+ | |Chief People and Culture Officer | ||
+ | |Prior to joining Imperial Alison was Chief Human Resource Officer at Inchcape plc, with responsibility for all aspects of people and culture strategies. She is a highly experienced global business leader, having held a number of senior positions at Whitbread, Hutchison and United Utilities. As well as leading a number of large HR functions, Alison has led teams responsible for business transformation, communications and sustainability. Her career also includes time consulting and working with the not-for-profit sector supporting organisational development. Alison is a qualified Executive coach and mentor.{{r|IB_WEB_LEADERSHIP}} | ||
|- | |- | ||
|Dominic Brisby | |Dominic Brisby | ||
|Division Director, Growth | |Division Director, Growth | ||
− | |Dominic leads the Growth Division, which includes selected markets in the EU, Eastern Europe, Asia, and the Middle East and also incorporates the USA and | + | |Dominic leads the Growth Division, which includes selected markets in the EU, Eastern Europe, Asia, and the Middle East and also incorporates the USA and Premium Cigar Division. He previously led the Returns Division. Prior to becoming a Division Director in 2013, Dominic held a number of international general management roles at Imperial and has been responsible for businesses in the Czech Republic, Poland and Iberia. Appointed Growth Division Director in November 2017.{{r|IB_WEB_LEADERSHIP}} |
|- | |- | ||
− | | | + | |Javier Huerta |
− | |Group | + | |Group Manufacturing & Supply Chain Director |
− | | | + | |Javier has extensive experience in supply chain, operations and consumer goods, and has overall responsibility for all tobacco and Next Generation Product manufacturing and supply chain operations at Imperial. Prior to joining the business, Javier held a number of senior roles in an 11-year career at Unilever, most latterly as Executive Vice President Supply Chain for Foods and Refreshment. He also held a number of roles over a 14-year period at Nestlé.{{r|IB_WEB_LEADERSHIP}} |
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− | | | + | |Murray McGowan |
− | |Group | + | |Group Strategy and Transformation Director |
− | | | + | |Murray has a strong background in strategy having worked in various strategic and operational leadership roles for a number of high profile businesses including Costa Coffee (Whitbread), Yum! Brands, Cadbury and The Restaurant Group. He also worked with a range of leading global FMCG and retail businesses during his time at McKinsey & Company.{{r|IB_WEB_LEADERSHIP}} |
|- | |- | ||
|} | |} | ||
+ | |||
+ | In January 2019, Morgan Lee was appointed as the group’s market manager for Ireland. <ref> [https://www.checkout.ie/imperial-tobacco-john-player-announce-new-market-manager-ireland/69227 Imperial Tobacco John Player Announce New Market Manager For Ireland], ''Checkout'', 2 January 2019, Accessed 21 January 2019 </ref> | ||
===Board Members=== | ===Board Members=== | ||
+ | Ngozi Edozien and Diane de Saint Victor will join the Imperial Brands Board as Non-Executive Directors, with effect from 15 November 2021. <ref>Imperial Brands, [https://web.archive.org/save/https://www.imperialbrandsplc.com/media/key-announcements/2021/board-appointments.html Board Appointments], 31 August 2021, Accessed 21 September 2021</ref> | ||
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! style="font-weight:bold; width:50%" |Bio | ! style="font-weight:bold; width:50%" |Bio | ||
|- | |- | ||
− | | | + | |Therese Esperdy |
|Chairman of the Board | |Chairman of the Board | ||
− | | | + | |Thérèse has significant international investment banking experience having held a number of roles at JP Morgan including Global Chairman of JP Morgan’s Financial Institutions Group, Co-Head of Asia-Pacific Corporate & Investment Banking, Global Head of Debt Capital Markets, and Head of US Debt Capital Markets. She began her career at Lehman Brothers and joined Chase Securities in 1997 prior to the firm's merger with JP Morgan in 2000. |
''Committee Membership:'' | ''Committee Membership:'' | ||
− | Chairman | + | Appointed Chairman on 1 January 2020 having previously served as Senior Independent Director since May 2019. Thérèse joined the Board in July 2016. |
+ | |||
''External Appointments:'' | ''External Appointments:'' | ||
− | Chairman | + | Appointed Chairman on 1 January 2020 having previously served as Senior Independent Director since May 2019. Thérèse joined the Board in July 2016. {{r|IB_WEB_LEADERSHIP}} |
+ | |- | ||
|- | |- | ||
− | | | + | |Stefan Bomhard |
|Chief Executive Officer | |Chief Executive Officer | ||
− | | | + | |Stefan joined Imperial in July 2020 from Inchcape plc, a global distribution and retail leader in the premium and luxury automotive sectors, where he delivered successful transformational change during a five-year tenure as Chief Executive. Stefan has a PhD in marketing and has accrued significant experience in the consumer and retail sectors during his career. Previous roles have included Chief Commercial Officer of Cadbury plc and Chief Operating Officer of Unilever Food Solutions Europe. This followed senior management and sales and marketing positions at Diageo (Burger King) and Procter & Gamble. |
+ | ''Appointment:'' | ||
+ | Appointed to the Board as Chief Executive Officer on 1 July 2020. | ||
+ | |||
+ | ''External Appointments:'' | ||
+ | Non-Executive Director on the Board of Compass PLC.{{r|IB_WEB_LEADERSHIP}} | ||
|- | |- | ||
− | | | + | |Lukas Paravicini |
|Chief Financial Officer | |Chief Financial Officer | ||
− | | | + | |Lukas has a proven track record in international consumer goods companies. Beyond his finance credentials, he has considerable operational experience as well as expertise in driving transformational change including in global shared services in large international organisations. Lukas joined Imperial from agricultural commodities and brokerage group ED&F Man Holdings, where he was Chief Financial Officer. He has also held senior positions at Fonterra, a New Zealand and Australia listed co-operative and the world’s largest dairy exporter, with sales in 130 countries. He was Chief Financial Officer from 2013-2017 and Chief Operating Officer, Global Consumer and Foodservice Business from 2017-2018. Prior to that, he spent 22 years with Nestlé in various senior finance and general management roles.{{r|IB_WEB_LEADERSHIP}} |
|- | |- | ||
− | | | + | |Simon Langelier |
− | |||
− | |||
− | |||
− | |||
|Non-Executive Director | |Non-Executive Director | ||
− | | | + | |Simon has significant international experience within the tobacco industry. He held a number of senior commercial positions during a 30-year career with [[Philip Morris International]], including in Latin America, Asia, Western and Eastern Europe, Middle East and Africa. In addition, he was President of their Next Generation Products & Adjacent Businesses. Appointed Non-Executive Director in June 2017. |
''Committee Membership:'' | ''Committee Membership:'' | ||
Line 92: | Line 96: | ||
''External Appointments:'' | ''External Appointments:'' | ||
− | + | Chairman of PharmaCielo Limited; Ambassador of Lancaster University.{{r|IB_WEB_LEADERSHIP}} | |
|- | |- | ||
− | | | + | |Alan Johnson |
|Non-Executive Director | |Non-Executive Director | ||
− | | | + | |Alan has a strong financial background in consumer goods and retail, having held a number of senior finance positions at Unilever during a 30-year career, including Chief Audit Executive and Chief Financial Officer of the Global Foods Division. He was previously Chief Financial Officer and then a Non-Executive Director at food retailer Jerónimo Martins, SGPS, SA until April 2016. |
+ | ''Committee Membership:'' | ||
+ | Member of the Audit Committee and the Succession & Nominations Committee. | ||
+ | ''External Appointments:'' | ||
+ | President and Chair of the Board of the International Federation of Accountants and a member of the Board and Chair of the Audit Committee of the International Valuation Standards Council.{{r|IB_WEB_LEADERSHIP}} | ||
+ | |- | ||
+ | |Sue Clark | ||
+ | |Senior Independent Non-Executive Director | ||
+ | |Sue has strong international business credentials with over 20 years’ Executive Committee and Board level experience in the FMGC, regulated transport and utility sectors. Sue held the role of Managing Director of SABMiller Europe and was an Executive Committee member of SABMiller plc. She joined SABMiller in 2003 as Corporate Affairs Director and was part of the executive team that built the business into a top five FTSE company. | ||
+ | |||
+ | ''Appointment:'' | ||
+ | Appointed Non-Executive Director in December 2018, Chair of the Remuneration Committee in February 2019 and Senior Independent Director on 1 January 2020. | ||
''Committee Membership:'' | ''Committee Membership:'' | ||
− | + | Chair of the Remuneration Committee and member of the Succession & Nominations Committee. | |
''External Appointments:'' | ''External Appointments:'' | ||
− | Chairman of | + | Non-Executive Director and Chairman of the Remuneration Committee of Britvic plc, Non-Executive Director and member of the Audit and Remuneration Committees of Bakkavor Group plc. Sue is also a Non-Executive Director of Tulchan Communications LLP and a member of the Supervisory Board and Remuneration Committee of AkzoNobel N.V. |
|- | |- | ||
|Steven Stanbrook | |Steven Stanbrook | ||
Line 113: | Line 128: | ||
Member of the Remuneration Committee and the Succession & Nominations Committee.{{r|IB_WEB_LEADERSHIP}} | Member of the Remuneration Committee and the Succession & Nominations Committee.{{r|IB_WEB_LEADERSHIP}} | ||
|- | |- | ||
− | | | + | |John Downing |
− | | | + | |Company Secretary |
− | | | + | |John joined Imperial in 2005 having worked for the law firm Linklaters. He has had a number of senior legal roles in Imperial including playing a leading role in the Altadis acquisition and becoming Head of Group Legal in 2010. He has considerable experience in managing key corporate projects related to financing, business development and other commercial matters. In addition to his Group Company Secretary role, John also has responsibility for the Group's governance, Code of Conduct, security and information security. |
+ | ''Appointment:'' | ||
+ | Appointed Company Secretary in June 2012.{{r|IB_WEB_LEADERSHIP}} | ||
+ | |- | ||
+ | |Pierre-Jean Sivignon | ||
+ | |Non-Executive Director | ||
+ | |Pierre-Jean is an experienced finance professional, having held Chief Financial Officer positions at Faurecia S.A., a global leader in automotive technology, Philips, the global health technology company, and most recently Groupe Carrefour, the global retailer, where he was also deputy Chief Executive Officer. Having stepped down from executive duties in 2017, he was advisor to the Carrefour Chair and CEO until the end of 2018. He was appointed Non-Executive Director on 1 July 2020. | ||
''Committee Membership:'' | ''Committee Membership:'' | ||
− | + | Member of the Audit Committee. | |
− | |||
''External Appointments:'' | ''External Appointments:'' | ||
− | + | Non-Executive Director of Vista Oil & Gas SAB which is listed on the Mexican Stock Exchange and the New York Stock Exchange. {{r|IB_WEB_LEADERSHIP}} | |
|- | |- | ||
− | | | + | |Jon Stanton |
− | | | + | |Non-Executive Director |
− | | | + | |Jon has a wide range of experience, with a first-class international business track record, including significant US exposure. In 2016 he was appointed Chief Executive of Weir Group PLC, having previously been CFO from 2010. Prior to that he spent 22 years at Ernst & Young, LLP, the last nine years of which were as an audit partner. He was Aapointed Non-Executive Director in May 2019 and Chairman of the Audit Committee in June 2020. |
− | |||
''Committee Membership:'' | ''Committee Membership:'' | ||
− | + | Chairman of the Audit Committee and member of the Succession & Nominations Committee. | |
− | |||
''External Appointments:'' | ''External Appointments:'' | ||
− | + | Chief Executive of Weir Group PLC. {{r|IB_WEB_LEADERSHIP}} | |
|- | |- | ||
− | | | + | |Bob Kunze-Concewitz |
− | | | + | |Non-Executive Director |
− | | | + | |Kunze-Concewitz is an experienced marketing professional and has held a number of senior roles at leading FCMG companies. He has been Chief Executive Officer at Campari Group, a major player in the global spirits industry, since May 2007 having joined the business in 2005 as Group Marketing Director. Prior to his time at Campari Group, he held positions of increasing responsibility at Procter & Gamble, including Global Prestige Products Corporate Marketing Director. {{r|IB_WEB_LEADERSHIP}} |
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− | === | + | ====Government Ownership of Philip Morris International==== |
− | In September 2018, Reuters reported Imperial Brands expects alternatives to smoking such as vaping pens and a heated tobacco device to add up to 1.5 billion pounds to its revenues by 2020. Imperial has estimated the e-cigarette market could exceed USD 30 billion by 2020, up from around USD 4 billion | + | In Lao, the government owns 47 percent of the Lao Tobacco Company. The remaining 53 percent is owned by Imperial Tobacco Group. <ref>[https://www.smokefreeworld.org/wp-content/uploads/2020/09/Contradictions-and-Conflicts-FINAL-V2.pdf CONTRADICTIONS AND CONFLICTS], Smoke-Free World website, p.9, September 2020, Accessed 5 October 2020 </ref> |
+ | |||
+ | ===Forecast=== | ||
+ | |||
+ | In February 2021, Imperial Brands laid out a five-year plan, led by its new chief executive Stefan Bomhard, to focus on the company’s top five cigarette markets. <ref>[https://web.archive.org/save/https://www.reuters.com/article/uk-imperialbrands-outlook/imperial-brands-to-focus-on-top-five-cigarette-markets-idUSKBN29W1KY Imperial Brands sets five-year focus on top five cigarette markets], ''Reuters'', 27 January 2021, Accessed 25 February 2021 </ref> Imperial Brands will target cigarette sales in the UK, Spain, Germany, Australia and the US, which make up roughly 72 per cent of profits from combustible tobacco. <ref>[https://www.ft.com/content/120caa78-2a62-46e2-9f31-fc4b07106316 Imperial Brands turns focus back to cigarettes], ''FT'', 28 January 2021, Accessed 25 February 2021 </ref> | ||
+ | |||
+ | Imperial Brands is raising GBP 2 billion through asset sales and has adopted a more flexible dividend policy. <ref> [https://web.archive.org/save/https://www.nasdaq.com/article/investors-can-give-imperial-brands-a-bit-more-time-20190820-00141 Investors can give Imperial Brands a bit more time], ''Nasdaq'', 20 August 2019, Accessed 12 September 2019 </ref> | ||
+ | |||
+ | Imperial Brands and [[British American Tobacco]] 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. <ref> [https://web.archive.org/save/https://www.theguardian.com/business/2018/nov/12/tobacco-shares-us-bat-imperial-brands-fda-menthol-ban Tobacco shares US BAT Imperial Brands FDA mentor ban], ''The Guardian'', November 2018, Accessed 23 December 2018 </ref> | ||
+ | Imperial reported net revenue increase by 2.2 percent in 2019, driven by growth in tobacco and NGP. <ref name="IMP_PR2019"> [https://web.archive.org/save/https://www.imperialbrandsplc.com/content/dam/imperial-brands/corporate/investors/results-centre/2019/2019.11.05%20Prelims_19%20RNS.pdf RESILIENCE IN TOBACCO AND ADDITIVE REVENUE GROWTH FROM NGP], Imperial Tobacco, 5 November 2019, p. 2, Accessed 20 November 2019 </ref> | ||
+ | |||
+ | In September 2018, Reuters reported Imperial Brands expects alternatives to smoking such as vaping pens and a heated tobacco device to add up to 1.5 billion pounds to its revenues by 2020. Imperial has estimated the e-cigarette market could exceed USD 30 billion by 2020, up from around USD 4 billion in 2018. <ref>[https://www.reuters.com/article/us-imperial-brands-strategy/imperial-brands-eyes-2-billion-boost-from-vaping-products-idUSKCN1M50ZP Imperial Brands eyes $2 billion boost from vaping products], ''Reuters'', September 2018, Accessed 30 November 2018 </ref> | ||
==Profitability== | ==Profitability== | ||
+ | |||
+ | In 2019, tobacco net revenue was up 1.1 percent, while total adjusted operating profit declined 2.4 per cent. <ref name="IMP_2020">Imperial Brands website, [https://www.imperialbrandsplc.com/content/dam/imperial-brands/corporate/investors/shareholder-centre/AGM/2020/AGM%202020%20script.pdf AGM 2020 script], p. 3, 6 February 2020, Accessed 11 February 2020 </ref> | ||
According to Imperial's website, Priority Growth Markets are characterised by large profit and/or volume pools with shares below 15 per cent and a real potential for long-term share and profit growth. The website lists the following countries: Italy, Japan, Russia, Saudi Arabia. {{r|IB_WEB_MARKET-FOOTPRINT}} | According to Imperial's website, Priority Growth Markets are characterised by large profit and/or volume pools with shares below 15 per cent and a real potential for long-term share and profit growth. The website lists the following countries: Italy, Japan, Russia, Saudi Arabia. {{r|IB_WEB_MARKET-FOOTPRINT}} | ||
Line 1,616: | Line 1,644: | ||
{| class="wikitable" | {| class="wikitable" | ||
− | ! Tobacco Segment (in millions GBP) | + | ! Tobacco Segment |
+ | (in millions GBP) | ||
+ | ! style="text-align: center;" | 2019 <ref name="IMP_2019">Imperial Brands Plc website, [https://www.imperialbrandsplc.com/media/key-announcements/2019/preliminary-results-for-the-year-ended-30-september-2019.html Preliminary Results for the year ended 30 September 2019], 5 November 2019, Accessed 20 November 2019 </ref> | ||
+ | ! style="text-align: center;" | 2018 {{r|IMP_2019|}} | ||
! style="text-align: center;" | 2017 {{r|IB_2017_AR|p=91}} | ! style="text-align: center;" | 2017 {{r|IB_2017_AR|p=91}} | ||
! style="text-align: center;" | 2016 {{r|IB_2016_AR|p=90}} | ! style="text-align: center;" | 2016 {{r|IB_2016_AR|p=90}} | ||
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! style="text-align: center;" | 2014 (Restated) {{r|IB_2015_AR|p=85}} | ! style="text-align: center;" | 2014 (Restated) {{r|IB_2015_AR|p=85}} | ||
! style="text-align: center;" | 2014 {{r|IB_2014_AR|p=83}} | ! style="text-align: center;" | 2014 {{r|IB_2014_AR|p=83}} | ||
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− | |||
|- | |- | ||
| Net revenue | | Net revenue | ||
+ | | 7,713 | ||
+ | | 7,510 | ||
| 7,757 | | 7,757 | ||
| 7,167 | | 7,167 | ||
Line 1,638: | Line 1,662: | ||
| 6,421 | | 6,421 | ||
| 6,576 | | 6,576 | ||
− | |||
|- | |- | ||
| Operating profit | | Operating profit | ||
+ | | 2,197 | ||
+ | | 2,407 | ||
| 2,199 | | 2,199 | ||
| 2,126 | | 2,126 | ||
Line 1,646: | Line 1,671: | ||
| 1,925 | | 1,925 | ||
| 1,970 | | 1,970 | ||
− | |||
|- | |- | ||
− | | | + | | Tobacco & NGP adjusted operating profit |
+ | | 3,531 | ||
+ | | 3,557 | ||
| 3,595 | | 3,595 | ||
| 3,360 | | 3,360 | ||
Line 1,654: | Line 1,680: | ||
| 2,805 | | 2,805 | ||
| 2,850 | | 2,850 | ||
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− | ===Profits Per Reportable Segments ( | + | ===Profits Per Reportable Segments (prior 2018)=== |
====Growth Markets==== | ====Growth Markets==== | ||
{| class="wikitable" | {| class="wikitable" | ||
− | ! Growth Markets (in millions GBP) | + | ! Growth Markets |
+ | (in millions GBP) | ||
! style="text-align: center;" | 2017 {{r|IB_2017_AR|p=91-92}} | ! style="text-align: center;" | 2017 {{r|IB_2017_AR|p=91-92}} | ||
! style="text-align: center;" | 2016 {{r|IB_2016_AR|p=90-91}} | ! style="text-align: center;" | 2016 {{r|IB_2016_AR|p=90-91}} | ||
Line 1,705: | Line 1,724: | ||
{| class="wikitable" | {| class="wikitable" | ||
− | ! Returns Markets North (in millions GBP) | + | ! Returns Markets North |
+ | (in millions GBP) | ||
! style="text-align: center;" | 2017 {{r|IB_2017_AR|p=91-92}} | ! style="text-align: center;" | 2017 {{r|IB_2017_AR|p=91-92}} | ||
! style="text-align: center;" | 2016 {{r|IB_2016_AR|p=90-91}} | ! style="text-align: center;" | 2016 {{r|IB_2016_AR|p=90-91}} | ||
Line 1,741: | Line 1,761: | ||
{| class="wikitable" | {| class="wikitable" | ||
− | ! Returns Markets South (in millions GBP) | + | ! Returns Markets South |
+ | (in millions GBP) | ||
! style="text-align: center;" | 2017 {{r|IB_2017_AR|p=91-92}} | ! style="text-align: center;" | 2017 {{r|IB_2017_AR|p=91-92}} | ||
! style="text-align: center;" | 2016 {{r|IB_2016_AR|p=90-91}} | ! style="text-align: center;" | 2016 {{r|IB_2016_AR|p=90-91}} | ||
Line 1,777: | Line 1,798: | ||
{| class="wikitable" | {| class="wikitable" | ||
− | ! USA (in millions GBP) | + | ! USA |
+ | (in millions GBP) | ||
! style="text-align: center;" | 2017 {{r|IB_2017_AR|p=91-92}} | ! style="text-align: center;" | 2017 {{r|IB_2017_AR|p=91-92}} | ||
! style="text-align: center;" | 2016 {{r|IB_2016_AR|p=90-91}} | ! style="text-align: center;" | 2016 {{r|IB_2016_AR|p=90-91}} | ||
Line 1,811: | Line 1,833: | ||
(in USD) | (in USD) | ||
|- | |- | ||
− | | Nerudia acquired by Imperial Brands <ref name = | + | | Nerudia acquired by Imperial Brands <ref name="IB_Crunchbase"> Crunchbase, [https://www.crunchbase.com/search/acquisitions/field/organizations/num_acquisitions/imperial-tobacco List of Imperial Brands's 5 acquisitions, including Nerudia and Barjan - Mistic Electronic Cigarettes Brand], Accessed 30 September 2018 </ref> |
− | + | | Nerudia | |
− | | Nerudia | ||
| Imperial Brands | | Imperial Brands | ||
| 1/11/2017 | | 1/11/2017 | ||
| 0.00 | | 0.00 | ||
|- | |- | ||
− | | Rizla acquired by Imperial Brands | + | | Rizla acquired by Imperial Brands {{r|IB_Crunchbase|}} |
| Rizla | | Rizla | ||
| Imperial Brands | | Imperial Brands | ||
Line 1,824: | Line 1,845: | ||
| 0.00 | | 0.00 | ||
|- | |- | ||
− | | | + | |Barjan - Mistic Electronic Cigarettes Brand acquired by Imperial Brands {{r|IB_Crunchbase|}} |
− | Barjan - Mistic Electronic Cigarettes Brand acquired by Imperial Brands | ||
− | |||
| | | | ||
Barjan - Mistic Electronic Cigarettes Brand | Barjan - Mistic Electronic Cigarettes Brand | ||
Line 1,833: | Line 1,852: | ||
| 0.00 | | 0.00 | ||
|- | |- | ||
− | | Reemtsma Cigarettenfabriken GmbH acquired by Imperial Brands | + | | Reemtsma Cigarettenfabriken GmbH acquired by Imperial Brands {{r|IB_Crunchbase|}} |
− | |||
| Reemtsma Cigarettenfabriken GmbH | | Reemtsma Cigarettenfabriken GmbH | ||
| Imperial Brands | | Imperial Brands | ||
Line 1,840: | Line 1,858: | ||
| 0.00 | | 0.00 | ||
|- | |- | ||
− | | Davidoff acquired by Imperial Brands | + | | Davidoff acquired by Imperial Brands |
− | |||
| Davidoff | | Davidoff | ||
| Imperial Brands | | Imperial Brands | ||
Line 1,849: | Line 1,866: | ||
|} | |} | ||
− | === | + | ===Shareholders=== |
{| class="wikitable" | {| class="wikitable" | ||
! Name | ! Name | ||
Line 1,855: | Line 1,872: | ||
! Percentage of issued share capital | ! Percentage of issued share capital | ||
|- | |- | ||
− | | Barrow Hanley Mewhinney & Strauss LLC <ref name="IB_MarketScreener"> Market Screener, [https://www.marketscreener.com/IMPERIAL-BRANDS-9590191/company/ Imperial Brands], Accessed October 2018 </ref> | + | | Barrow Hanley Mewhinney & Strauss LLC <ref name="IB_MarketScreener"> Market Screener, [https://www.marketscreener.com/IMPERIAL-BRANDS-9590191/company/ Imperial Brands], Accessed 31 October 2018 </ref> |
| 13,535,355 | | 13,535,355 | ||
| 1.42 | | 1.42 | ||
Line 1,862: | Line 1,879: | ||
| 2,094,950 | | 2,094,950 | ||
| 0.22 | | 0.22 | ||
− | |||
− | |||
− | |||
− | |||
|- | |- | ||
|} | |} | ||
− | Imperial Brands has recently invested in a cannabis-focused biotech company that is researching how compounds in cannabis can be turned into medicine. <ref>[https://www.rollingstone.com/culture/culture-features/big-tobacco-pot-weed-cannabis-industry-727407/ Big Tobacco Is Already Eyeing Pot], ''The Rolling Stone'', September 2018, Accessed October 2018</ref> | + | Imperial Brands has recently invested in a cannabis-focused biotech company that is researching how compounds in cannabis can be turned into medicine. <ref>[https://www.rollingstone.com/culture/culture-features/big-tobacco-pot-weed-cannabis-industry-727407/ Big Tobacco Is Already Eyeing Pot], ''The Rolling Stone'', September 2018, Accessed 28 October 2018</ref> Imperial Brands signed a CAD 123-million investment deal with Auxly Cannabis Group that includes a research and development partnership. <ref>[https://www.cbc.ca/news/business/auxly-cannabis-deal-with-tobacco-giant-imperial-brands-1.5224955 Auxly cannabis deal with tobacco giant imperial brands], ''CBC'', 25 July 2019, Accessed 9 August 2019 </ref> Auxly Cannabis Group announced the closing of a transaction with Imperial Tobacco Group plc in September. Imperial Brands invested CAD 123 million in Auxly. <ref>[https://www.benzinga.com/markets/cannabis/19/09/14495594/tobacco-company-imperial-brands-auxly-cannabis-close-on-partnership-92-8m-investment Tobacco Company Imperial Brands, Auxly Cannabis Close On Partnership] ''Benzinga'', 26 September 2019, Accessed 9 October 2019</ref> |
+ | |||
+ | 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 Imperial Brands sits at GBP 4.6 million. <ref>[https://www.granthamjournal.co.uk/news/county-council-invests-45-million-of-its-pension-fund-in-tobacco-companies-9058351/ Lincolnshire County Council invests £45 million from pension fund in tobacco companies], ''Grantham Reporter'', January 5, 2019, Accessed 18 January 2019 </ref> | ||
===Market Share=== | ===Market Share=== | ||
+ | In 2017, Imperial Tobacco grew market share in Russia {{r|IB_2017_AR|p=17}} and Poland {{r|IB_2017_AR|p=18}}. | ||
In 2016, Imperial Tobacco was the world’s fifth-largest international cigarette company based on market share. {{r|IB_Statista}} | In 2016, Imperial Tobacco was the world’s fifth-largest international cigarette company based on market share. {{r|IB_Statista}} | ||
===Emerging Markets=== | ===Emerging Markets=== | ||
− | Growth or Emerging Markets are mainly large profit or volume pools where | + | Growth or Emerging Markets are mainly large profit or volume pools where Imperial Market typically have market shares below 15 percent and where the total tobacco approach provides many opportunities for share and profit growth both now and in the future.{{r|IB_2017_AR|p=91}} |
Growth Markets include: Iraq, Norway, Russia, Saudi Arabia, Taiwan (also includes premium cigar and Fontem Ventures){{r|IB_2017_AR|p=91}} | Growth Markets include: Iraq, Norway, Russia, Saudi Arabia, Taiwan (also includes premium cigar and Fontem Ventures){{r|IB_2017_AR|p=91}} | ||
===Factory Openings and Closures=== | ===Factory Openings and Closures=== | ||
+ | In January 2020, Imperial Tobacco announced a proposal to close its cigarette manufacturing facility in Petone, New Zealand. The potential closure follows a review of Imperial Tobacco’s global manufacturing footprint and reflects decreasing production volumes which have led to significant overcapacity. <ref>[https://www.scoop.co.nz/stories/PO2001/S00059/imperial-tobacco-plans-petone-factory-closure.htm Imperial Tobacco plans Petone Factory closure], ''Scoop'', 21 January 2020, Accessed 19 February 2020 </ref> | ||
+ | |||
+ | Imperial Tobacco Group met with Reidsville tobacco manufacturing facility employees in November 2018 to discuss plans to move operations to its Greensboro manufacturing facility. The tobacco company says all of its cigarette production will shift to the company's Greensboro facility by 2020. <ref>[https://www.wfmynews2.com/article/money/business/itg-brands-to-cut-117-jobs-100-year-old-reidsville-plant-to-close-in-2020/83-610371157 ITG Brands to Cut 117 Jobs; 100-Year-Old Reidsville Plant to Close in 2020], ''WFMY NEWS2'', November 2018, Accessed 19 November 2018</ref> | ||
{| class="wikitable" | {| class="wikitable" | ||
! Year | ! Year | ||
! Issue | ! Issue | ||
− | |||
− | |||
− | |||
|- | |- | ||
| 2016 | | 2016 | ||
| Closure of the Logrono (GBP 108 million) and Mullingar (GBP 21 million) factories. {{r|IB_2016_AR|p=92}} | | Closure of the Logrono (GBP 108 million) and Mullingar (GBP 21 million) factories. {{r|IB_2016_AR|p=92}} | ||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
|- | |- | ||
| 2014 | | 2014 | ||
− | | | + | | Imperial Tobacco announced proposed closure of cigarette factories in Nottingham and Nantes. {{r|IB_2014_AR|p=10}} |
|- | |- | ||
|} | |} | ||
===Dividends=== | ===Dividends=== | ||
− | |||
− | + | The current price of Imperial Brands dividend is 1,261.00 GBP. <ref>Imperial Brands website, [https://www.imperialbrandsplc.com/investors/share-price/lse/share-price.html SHARE PRICE], 9 November 2020, Accessed 10 November 2020 </ref> | |
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==Products== | ==Products== | ||
Line 1,976: | Line 1,920: | ||
The company’s tobacco portfolio offers a range of papers and cigars, fine cut, smokeless tobaccos and cigarettes. Through their subsidiary Fontem Ventures, Imperial Brands is also strengthening their range of tobacco free smoking products, including the e-vapour brand blu. The tobacco brands of Imperial Brands are sold in 160 countries worldwide, including the United States where it has a market share of six percent with their ITG brands: Maverick, Winston and Kool, where each of them accounts for some two percent respectively. The share of the company’s revenue in the United States accounted for some 20.6 percent in 2016, amounting to about 1.5 billion USD in that year. {{r|IB_Statista}} | The company’s tobacco portfolio offers a range of papers and cigars, fine cut, smokeless tobaccos and cigarettes. Through their subsidiary Fontem Ventures, Imperial Brands is also strengthening their range of tobacco free smoking products, including the e-vapour brand blu. The tobacco brands of Imperial Brands are sold in 160 countries worldwide, including the United States where it has a market share of six percent with their ITG brands: Maverick, Winston and Kool, where each of them accounts for some two percent respectively. The share of the company’s revenue in the United States accounted for some 20.6 percent in 2016, amounting to about 1.5 billion USD in that year. {{r|IB_Statista}} | ||
− | + | Imperial Brands completed USD 1.44 Billion sale of Premium cigar business. The deal includes half of Cuba’s Habanos S.A., Tabacalera USA, Casa de Montecristo, JR Cigar, the world’s largest cigar factory and some of the world’s most famous cigar brands, including Montecristo and Romeo y Julieta. <ref>[https://www.cigaraficionado.com/article/imperial-completes-1-44-billion-sale-of-premium-cigar-business?utm_campaign=ca_cigarwatch_102920&utm_source=ca_cigarwatch_102920&utm_medium=email&utm_content=76af62246668b614a6473c7b9fa19141 Imperial Completes $1.44 Billion Sale Of Premium Cigar Business], ''Cigar Aficionado'', 29 October 2020, Accessed 19 November 2020 </ref> | |
+ | |||
+ | Imperial Brands set an April launch date for JPS Players Easy Rolling Tobacco in the United Kingdom, a new line of roll-your-own tobacco. <ref> [https://www.betterretailing.com/products/tobacco/imperial-tobacco-to-launch-new-jps-players-easy-rolling-tobacco-in-april/ Imperial Tobacco to launch JPS Players Easy Rolling Tobacco], ''Better Retailing'', 22 March 2021, Accessed 21 April 2021</ref> | ||
− | '''Growth Brands''' <ref name="IB_Brands">Imperial Brands Plc, [http://www.imperialbrandsplc.com/About-us/Brand-portfolio.html Brand Portfolio], Accessed September 2018</REF> | + | '''Growth Brands''' <ref name="IB_Brands">Imperial Brands Plc, [http://www.imperialbrandsplc.com/About-us/Brand-portfolio.html Brand Portfolio], Accessed 18 September 2018</REF> |
*Davidoff | *Davidoff | ||
*Gauloises | *Gauloises | ||
Line 1,987: | Line 1,933: | ||
*L&B | *L&B | ||
*Bastos | *Bastos | ||
− | * | + | *JPS |
*Fine | *Fine | ||
Line 2,003: | Line 1,949: | ||
*skruf | *skruf | ||
*Backwoods | *Backwoods | ||
+ | |||
+ | In January 2020, Imperial Tobacco launched Rizla Flavour Infusions, ahead of the menthol ban next year. The range includes two flavours – Menthol Chill and Fresh Mint – which are packed and wrapped separately so retailers can sell them individually at 25p each. <ref>[https://www.talkingretail.com/products-news/tobacco/imperial-tobacco-adds-menthol-accessories-portfolio-16-12-2019/ Imperial Tobacco adds menthol accessories to portfolio], ''Talking Retail'', 16 December 2019, Accessed 24 January 2020 </ref> | ||
===Heated Tobacco Products=== | ===Heated Tobacco Products=== | ||
− | In | + | In 2019, overall net revenue of Imperial's 'Next Generation Products' business grew by 48 percent, led by the growth of vapour brand blu in Europe and Japan. Fontem Ventures has plans to make its e-cigarette blu available to smokers in China. <ref>[https://www.scmp.com/news/china/society/article/3039423/online-sales-ban-hits-chinas-vaping-industry-dont-expect-it Online sales ban hits China’s vaping industry – but don’t expect it to disappear with a puff of smoke], ''South China Morning Herald'', 26 November 2019, Accessed 15 December 2019</ref> |
+ | {{r|IMP_PR2019|p=4}} | ||
− | A press release sent out on October 3 2018 by ResearchandMarkets.com noted Imperial Brands, in partnership with China National Tobacco, established a joint venture, Global Horizon Ventures Limited (GHVL) focused on long-term earnings potential and competitive position in the growing smokeless tobacco market. <ref> [https://www.businesswire.com/news/home/20181003005355/en/Snus-Worldwide-Market-Growth-Trends-Forecasts-2023 Snus: Worldwide Market Growth, Trends and Forecasts to 2023 featuring British American Tobacco, Imperial Brands, V2 Tobacco, Swedish Match, Gajane, and many more - ResearchAndMarkets.com], Business Wire, October 2018, Accessed October 2018 </ref> | + | A press release sent out on October 3 2018 by ResearchandMarkets.com noted Imperial Brands, in partnership with China National Tobacco, established a joint venture, Global Horizon Ventures Limited (GHVL) focused on long-term earnings potential and competitive position in the growing smokeless tobacco market. <ref> [https://www.businesswire.com/news/home/20181003005355/en/Snus-Worldwide-Market-Growth-Trends-Forecasts-2023 Snus: Worldwide Market Growth, Trends and Forecasts to 2023 featuring British American Tobacco, Imperial Brands, V2 Tobacco, Swedish Match, Gajane, and many more - ResearchAndMarkets.com], ''Business Wire'', October 2018, Accessed 18 October 2018 </ref> |
Imperial said it will debut its first heated-tobacco product Pulze in Japan. The company predicted that such smoking alternatives may add as much as 1.5 billion pounds (USD 2 billion) in revenue in 2020. [12] | Imperial said it will debut its first heated-tobacco product Pulze in Japan. The company predicted that such smoking alternatives may add as much as 1.5 billion pounds (USD 2 billion) in revenue in 2020. [12] | ||
+ | |||
+ | Fontem US LLC, a subsidiary of Imperial Brands Plc, submitted a premarket tobacco application with the U.S. FDA for several styles of its myblu products. <ref>[https://www.journalnow.com/business/blu-ecigs-manufacturer-enters-fda-gauntlet-for-regulatory-approval/article_9fc2a8f2-44a2-5cfb-a5bd-65cca65530a9.html Blu eCigs manufacturer enters FDA gauntlet for regulatory approval], ''Journal Now'', 4 May 2020, Accessed 19 May 2020</ref> In Summer 2018, Imperial launched a product called myblu, in reaction Juul's entry into the US market. <ref>[https://www.reuters.com/article/us-imperial-brands-strategy/imperial-brands-eyes-2-billion-boost-from-vaping-products-idUSKCN1M50ZP Imperial Brands eyes $2 billion boost from vaping products], ''Reuters'', September 2018, Accessed 16 October 2018 </ref> Imperial launched the myblu vaping devices into travel retail earlier in 2019 in partnership with Beirut Duty Free and is now planning to roll them out to other regions <ref>[https://www.dfnionline.com/latest-news/imperial-brands-showcase-tobacco-ngp-portfolio-tfwa-20-09-2019/ Imperial Brands to showcase tobacco and NGP portfolio at TFWA], ''DFNI online'', 20 September 2019, Accessed 10 October 2019 </ref> | ||
+ | |||
+ | A 2014 report by [https://www.gov.uk/government/organisations/public-health-england Public Health England] revealed that Imperial-owned cigarettes are sold in Lloyds and Boots pharmacies around the United Kingdom. This is against the advice of the Royal Pharmaceutical Society. In 2014, Lloyds Pharmacy began selling Vype and Boots pharmacies began selling Puritane, the e-cigarette brand owned by Imperial tobacco’s subsidiary [http://www.fontemventures.com/ Fontem]. <ref> Public Health England, [https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/311491/Ecigarette_uptake_and_marketing.pdf E-cigarette uptake and marketing A report commissioned by Public Health England], May 2014, Accessed 19 October 2018 </ref> In an investor presentation delivered in March, British American Tobacco said nearly 100,000 Vype devices were sold in Canada in 10 months. <ref>[https://www.theglobeandmail.com/canada/article-vaping-advertising-marketing-investigation/ How the vaping industry is targeting teens – and getting away with it], ''The Globe and Mail'', 16 November 2019, Accessed 26 November 2019 </ref> | ||
===Volumes=== | ===Volumes=== | ||
− | |||
{| class="wikitable" | {| class="wikitable" | ||
! Volumes (in billions stick equivalent) | ! Volumes (in billions stick equivalent) | ||
+ | ! style="text-align: center;" | 2019 | ||
+ | ! style="text-align: center;" | 2018 | ||
! style="text-align: center;" | 2017 | ! style="text-align: center;" | 2017 | ||
! style="text-align: center;" | 2016 | ! style="text-align: center;" | 2016 | ||
Line 2,023: | Line 1,977: | ||
|- | |- | ||
| Group Volume | | Group Volume | ||
+ | | 244.2 {{r|IMP_2019|}} | ||
+ | | 255.5 {{r|IMP_2019|}} | ||
| 265.2 {{r|IB_2017_AR|p=15}} | | 265.2 {{r|IB_2017_AR|p=15}} | ||
| 276.5 {{r|IB_2016_AR|p=13}} | | 276.5 {{r|IB_2016_AR|p=13}} | ||
Line 2,031: | Line 1,987: | ||
|- | |- | ||
| Growth Brands Volume | | Growth Brands Volume | ||
+ | | NA | ||
+ | | NA | ||
| 159.6 {{r|IB_2017_AR|p=8}} | | 159.6 {{r|IB_2017_AR|p=8}} | ||
− | | 151. | + | | 151.0 {{r|IB_2016_AR|p=6}} |
| 145.1 {{r|IB_2015_AR|p=12}} | | 145.1 {{r|IB_2015_AR|p=12}} | ||
| 131.0 {{r|IB_2014_AR|p=11}} | | 131.0 {{r|IB_2014_AR|p=11}} | ||
| 131.0 {{r|IB_2014_AR|p=11}} | | 131.0 {{r|IB_2014_AR|p=11}} | ||
| 129.0 {{r|IB_2013_AR|p=8}} | | 129.0 {{r|IB_2013_AR|p=8}} | ||
+ | |- | ||
+ | | Asset Brand Net Revenue | ||
+ | | 5,269 {{r|IMP_2019|}} | ||
+ | | 4,977 {{r|IMP_2019|}} | ||
+ | | NA | ||
+ | | NA | ||
+ | | NA | ||
+ | | NA | ||
+ | | NA | ||
+ | | NA | ||
|- | |- | ||
| Growth Brands Volume (percent) | | Growth Brands Volume (percent) | ||
+ | | NA | ||
+ | | NA | ||
| 60.2 | | 60.2 | ||
| 54.7 | | 54.7 | ||
Line 2,049: | Line 2,019: | ||
==Marketing and External Relations== | ==Marketing and External Relations== | ||
===Global Campaigns=== | ===Global Campaigns=== | ||
+ | Imperial Brands and its affiliated organisations use the following marketing campaigns and partnerships to promote its heated cigarettes (novel and emerging nicotine and tobacco products): | ||
+ | *European Citizens Initiative: Let’s demand smarter vaping regulations <ref>GGTC website, [https://web.archive.org/save/https://ggtc-bucket.s3-ap-southeast-1.amazonaws.com/uploads/2021-05-27/21-59-03-008933/Cessation%20V6.pdf?utm_source=BenchmarkEmail&utm_campaign=31_May_Special_Edition_Final&utm_medium=email HOW THE TOBACCO INDUSTRY UNDERMINES CESSATION], p.4, May 2021, Accessed 12 July 2021</ref> | ||
+ | A 2018 investigation uncovered social media advertising campaigns from Imperial Brands reaching millions online, including in the United States. <ref> TakeAPart, [https://www.takeapart.org/campaigns/advertising-on-social-media/united-states/imperial-brands/ How Imperial Brands advertises on social media], Accessed 21 October 2018 </ref> | ||
− | + | In 2014, an Imperial Tobacco ad campaign promoting a free-to-download app listing smoking-friendly bars and venues was banned by the Advertising Standards Authority for "normalising" and "condoning" smoking. Imperial Tobacco ran a series of poster ads under the name Smoke Spots, with no indication on the ads that the free app was provided by Imperial Tobacco. <ref>[https://www.campaignlive.co.uk/article/imperial-tobacco-ads-smoking-app-banned-asa/1321497 Imperial Tobacco ads for smoking app banned by ASA], ''Campaign Live'', November 2014, Accessed 23 October 2018 </ref> | |
− | In | + | ===Events=== |
+ | In 2015, World Bank pulled out of the 12th Annual Asia Pacific Tax Forum, which was to be co-organized by a consortium funded by several transnational tobacco companies, including Imperial. <ref> [https://timesofindia.indiatimes.com/india/World-Bank-exits-event-funded-by-tobacco-companies/articleshow/47127313.cms World Bank exits event funded by tobacco companies], ''Times of India'', 2 May 2015, Accessed 28 October 2018 </ref> | ||
===Corporate Social Responsibility=== | ===Corporate Social Responsibility=== | ||
− | |||
− | Imperial | + | Imperial Tobacco launched a new and improved anti-illicit trade website as part of its ‘Suspect it? Report it!’ trade campaign to "tackle illegal sales of tobacco". <ref>[https://web.archive.org/save/https://www.kamcity.com/namnews/uk-and-ireland/manufacturers/imperial-tobacco-to-launch-improved-anti-illicit-trade-website/ Imperial Tobacco To Launch Improved Anti-Illicit Trade Website], ''Kamcity'', 4 August 2021, Accessed 20 September 2021 </ref> |
− | + | ||
− | Imperial | + | In March 2021, Imperial brands Madagascar has entered into a three-year partnership with the national government to fund the creation, operation and delivery of five large botanical parks. <ref>Imperial Brands, [https://web.archive.org/web/20210514150611/https://www.imperialbrandsplc.com/sustainability/case-studies/tobacco-sustainable-supply/government-partnership-to-reforest-island.html GOVERNMENT PARTNERSHIP TO REFOREST ISLAND], 16 March 2021, Accessed 14 May 2021 </ref> |
− | |||
− | |||
− | + | In May 2019, Imperial conducted a panel meeting of expert facilitators, people development specialists from different stakeholder groups, including retailers, banks, tobacco and vaping consumers, customers, employees, investors, media, non-governmental organisation, tobacco and NGP supplier, non-tobacco material | |
+ | supplier and two experts representing the environment and age-gating certification schemes. The panel meeting resulted in Imperial's Sustainability Strategy. Imperial has identified a number of ESG issues that represent the biggest risks or opportunities for its business: adult choice, business conduct, climate and energy, consumer health, farmer livelihoods and welfare, forestry, health and safety, human rights, illicit trade, recruitment and development, regulation, waste and water. <ref>Imperial website, [https://www.imperialbrandsplc.com/content/dam/imperial-brands/corporate/sustainability/sustainability-documents/stakeholder-engagement.pdf IMPERIAL BRANDS STAKEHOLDER PANEL STATEMENT], pp. 3-4, Accessed 11 March 2020 </ref> | ||
− | In the United States, | + | In May 2014, Guardian reported Imperial Tobacco Group was amongst the companies purchasing tobacco grown in the United States. According to Guardian, these companies current approaches 'did not sufficiently protect children from hazardous work and some companies allow for lower standards of protection for children in their US supply chain than for children working on tobacco farms in other countries'.<ref>[https://www.theguardian.com/commentisfree/2014/may/14/tobacco-farm-child-labor-laws Cigarette makers can't market to kids. Why do tobacco farms employ them?], ''Guardian'', May 2014, Accessed 27 September 2018 </ref> |
− | + | Imperial is a board member of the Eliminating Child Labour in Tobacco Growing Foundation (ECLT). <ref> ILO, [https://www.ilo.org/wcmsp5/groups/public/---ed_norm/---relconf/documents/meetingdocument/wcms_545944.pdf ILO cooperation with the tobacco industry in the pursuit of the Organization’s social mandate], November 2017, p. 3, Accessed 30 September 2018 </ref> A report published in April 2018 by Human Rights Watch said there was widespread child labour in tobacco farms in Zimbabwe, where multinationals including Imperial buy tobacco. <ref>[https://www.theguardian.com/world/2018/jun/25/tobacco-companies-child-labour-pressure Tobacco: activist investors pressure £20bn companies over child labour], ''Guardian'', June 2018, Accessed 19 October 2018</ref> The ECLT Board members include: International Tobacco Growers Association; Alliance One International; Altria Client Services; [[British American Tobacco]]; Contrax-Nicotex Tobacco; Hail & Cotton; Imperial Tobacco Group; [[Japan Tobacco International]]; [[Philip Morris International]]; Premium Tobacco; Scandinavian Tobacco Group; Sunel Ticaret Turk; Swedish Match; and Universal Leaf Tobacco. <ref> International Labor Organization, [https://www.ilo.org/wcmsp5/groups/public/---ed_norm/---relconf/documents/meetingdocument/wcms_545944.pdf ILO cooperation with the tobacco industry in the pursuit of the Organization’s social mandate], November 2017, p. 3, Accessed 22 September 2018 </ref> 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. <ref> [https://www.swissinfo.ch/eng/international-geneva_should-the-ilo-maintain-financial-ties-to-the-tobacco-industry-/44506474 Should the ILO maintain financial ties to the tobacco industry?], ''Swiss Info'', October 2018, Accessed 24 September 2018 </REF> | |
− | |||
− | {| class="wikitable" | + | In 2015, Imperial Tobacco contributed GBP 57,000 to help tackle the Ebola outbreak in West Africa. <ref> Tobacco Reporter, [https://www.tobaccoreporter.com/2015/01/imperial-provides-more-funds-to-help-fight-ebola/ Imperial provides more funds to help fight Ebola], 6 January 2015, Accessed 23 December 2018 </ref> |
+ | |||
+ | Academic resource [http://www.tobaccotactics.org/index.php?title=Main_Page Tobacco Tactics] provides an extensive overview of Imperial's 2014 Love Where You Live campaign [http://www.tobaccotactics.org/index.php?title=CSR:_Imperial_and_Love_Where_You_Live here]. <ref> Tobacco Tactics, [http://www.tobaccotactics.org/index.phptitle=CSR:_Imperial_and_Love_Where_You_Live CSR: Imperial and Love Where You Live], Accessed 21 September 2018 </ref> | ||
+ | |||
+ | In 2014, Imperial Tobacco Poland was presented with an award from the country's Business Centre Club, recognizing the significant contribution it makes to the nation’s economy. <ref> Tobacco Reporter, [https://www.tobaccoreporter.com/2014/10/poland-recognizes-imperials-contribution/ Poland recognizes Imperial’s contribution], 30 October 2014, Accessed 30 December 2018 </ref> | ||
+ | |||
+ | ===Sponsorship=== | ||
+ | |||
+ | The PETA International Science Consortium Ltd., Imperial Brands PLC, Altria Client Services, British American Tobacco (BAT) PLC, and Philip Morris International Inc have joined together to donate USD 110,000 worth of equipment that will help to replace the use of animals in respiratory testing with more human-relevant, non-animal test methods. <ref> PETA website, [https://www.peta.org/media/news-releases/peta-international-science-group-and-tobacco-companies-donate-to-save-animals/ Media], 22 August 2019, Accessed 12 September 2019 </ref> | ||
+ | |||
+ | Imperial Tobacco was one of the sponsors of the 2018 Middle East & Africa Duty Free Association (MEADFA) Conference was held in November 2018under the patronage of H.E. Mr. Saad Hariri, Lebanese President of the Council of Ministers, in Beirut, Lebanon. <ref>[https://www.moodiedavittreport.com/more-than-400-delegates-expected-at-meadfa-2018-in-beirut-this-november/ More than 400 delegates expected at MEADFA 2018 in Beirut this November], ''The Moodie Davitt Report'', October 2018, Accessed 31 October 2018</ref> | ||
+ | |||
+ | ===Marketing to Kids=== | ||
+ | |||
+ | A 2018 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. <ref>Campaign for Tobacco-Free Kids, [https://www.tobaccofreekids.org/press-releases/2018_08_27_ftc PRESS RELEASE New Investigation Exposes How Tobacco Companies Market Cigarettes on Social Media in the U.S. and Around the World], August 2018, Accessed 31 October 2018 </ref> | ||
+ | |||
+ | An investigation exposing how tobacco companies market cigarettes on social media around the world revealed Imperial Tobacco products were seen near schools in 22 countries. Despite the findings a spokesman for Imperial Brands said the company ensures: | ||
+ | |||
+ | "that our product and brand communications are not aimed at, or made appealing to, people under the age of 18 or non-smokers, and that we operate in accordance with local laws”. <ref>[https://www.theguardian.com/world/2018/mar/09/how-children-around-the-world-are-exposed-to-cigarette-advertising How children around the world are exposed to cigarette advertising], ''Guardian'', March 2018, Accessed 31 October 2018 </ref> | ||
+ | |||
+ | In the United States, investigations into Imperial Brands’ efforts to market to kids have uncovered an explosion of sweet flavored tobacco products, especially e-cigarettes and cigars. <ref>TakeAPart, [https://www.takeapart.org/campaigns/marketing-to-kids/united-states/imperial-brands/ How Imperial Brands Markets Products to Kids], Accessed 31 October 2018 </ref> | ||
+ | |||
+ | ===Political Spending=== | ||
+ | For a list of political contributions in the United States look [[Political Spending|<strong>here</strong>]]. | ||
+ | |||
+ | {| class="wikitable" | ||
! | ! | ||
! style="text-align: center;" | 2016 | ! style="text-align: center;" | 2016 | ||
Line 2,076: | Line 2,072: | ||
! style="text-align: center;" | 2012 | ! style="text-align: center;" | 2012 | ||
|- | |- | ||
− | | Democrats <ref name="IB_OpenSecrets"> Open Secrets, [https://www.opensecrets.org/orgs/totals.php?id=D000043289&cycle=2016 Imperial Tobacco Group], Accessed October 2018 </ref> | + | | Democrats <ref name="IB_OpenSecrets"> Open Secrets, [https://www.opensecrets.org/orgs/totals.php?id=D000043289&cycle=2016 Imperial Tobacco Group], Accessed 27 October 2018 </ref> |
| 12,500 | | 12,500 | ||
| 4,000 | | 4,000 | ||
Line 2,107: | Line 2,103: | ||
! style="text-align: center;" | Chamber | ! style="text-align: center;" | Chamber | ||
! style="text-align: center;" | Member | ! style="text-align: center;" | Member | ||
− | ! style="text-align: center;" | Amount {{r|IB_OpenSecrets}} | + | ! style="text-align: center;" | Amount |
+ | (in USD) {{r|IB_OpenSecrets}} | ||
|- | |- | ||
Line 2,164: | Line 2,161: | ||
|} | |} | ||
− | ==Reporting and | + | ==Reporting and Regulation== |
===Investigations=== | ===Investigations=== | ||
+ | |||
+ | New research co-authored by University of Bath details tax avoidance tactics used by the world’s four largest publicly-traded tobacco companies. British American Tobacco and Imperial Brands move large dividends and interest payments to holding companies in the United Kingdom. British American Tobacco and Imperial Brands UK subsidiaries have lowered their corporation tax burden by GBP 2.5-billion over the past decade. They have done this by offsetting losses made by one subsidiary against profit made by another. This is known as group relief. In this way, Imperial Brands was able to lower its UK corporate tax bill by an estimated GBP 1.8-billion over the past 10 years and British American Tobacco by an estimated GBP 760-million. <ref name="BATH"> University of Batch, [https://web.archive.org/web/20201207072922/https://www.bath.ac.uk/announcements/big-tobacco-big-avoidance/ Big Tobacco, Big Avoidance], 5 November 2020, Accessed 7 December 2020 </ref> | ||
+ | |||
+ | In August 2019 a US House of Representatives committee asked e-cigarette manufacturers to hand over details about the health impacts of products. The energy and commerce committee wrote to Fontem Ventures, a subsidiary of [[Imperial Brands]], Reynolds American, the US business of [[British American Tobacco]], [[Japan Tobacco International]] and Juul. <ref> [https://www.thetimes.co.uk/edition/business/e-cigarette-brands-quizzed-by-house-of-representatives-over-risk-to-young-smokers-56d62hdgf E-cigarette brands quizzed by House of Representatives over risk to smokers], ''The Times'', 23 August 2019, Accessed 12 September 2019 </ref> | ||
+ | |||
+ | New Zealand MPs questioned Imperial Brand’s claim that they are not targeting new customers. In an inquiry into smoking in cars, MPs on the Health Select Committee questioned the company's integrity, after an Imperial Brands representative said the company is only looking to transition current smokers to vape products, claiming they are only concerned with "people who have tried absolutely everything and cannot quit." One MP pointed out that the company's website states tobacco maximisation as a core part of its strategy, seemingly contradicting the Imperial Brands’ representative’s claim. <ref> [https://www.newshub.co.nz/home/politics/2019/08/i-m-confused-mps-question-tobacco-firm-imperial-brands-anti-smoking-goals.html 'I'm confused': MPs question tobacco firm Imperial Brands' anti-smoking motivation], ''Newshub'', 28 August 2019, 12 September 2019 </ref> | ||
+ | |||
===Tobacco Litigation=== | ===Tobacco Litigation=== | ||
+ | |||
+ | In December 2020, a group of tobacco farmers filed a claim in British courts, alleging that years of worker exploitation and child labor violations are among the real reasons for why two tobacco firms have been so profitable. The claims against [[British American Tobacco]], [[Imperial Brands]], and their parent companies and subsidiaries were filled in High Court in London.<ref>[https://web.archive.org/save/https://africatimes.com/2020/12/21/malawi-farmers-lawsuit-says-child-labor-fuels-tobacco-profits/ Malawi farmers’ lawsuit says child labor fuels tobacco profits], ''Africa Times'', 21 December 2020, Accessed 13 January 2021 </ref> | ||
+ | |||
A full list of tobacco industry litigation cases can be found [[Tobacco Control Litigation | <strong>here</strong>]]. | A full list of tobacco industry litigation cases can be found [[Tobacco Control Litigation | <strong>here</strong>]]. | ||
− | + | According to Imperial's 2017 annual report, no tobacco litigation claim brought against the Imperial Group has been successful and/or resulted in the recovery of damages.{{r|IB_2017_AR|p=27}} | |
− | + | ||
+ | In February 2018, Dutch prosecutors rejected an attempted murder case brought against the world's largest tobacco companies, including [[Philip Morris International]], [[British American Tobacco]], [[Japan Tobacco International]] and Imperial Tobacco by mother with lung cancer. <ref>[https://www.independent.co.uk/news/business/news/smoking-netherlands-attempted-murder-case-philip-morris-british-american-tobacco-benedicte-ficq-lung-a8223381.html Dutch prosecutors reject attempted murder case brought against tobacco giants by mother with lung cancer], ''The Independent'', February 2018, Accessed 31 October 2018 </ref> | ||
− | According to Transparency Register, in 2017 Imperial disclosed it was a member of the following associations: | + | {| class="wikitable" |
− | *Confederation of EC Cigarette Manufacturers {{r|IB_TransparencyRegister}} | + | ! Year |
− | *European Smoking Tobacco Association {{r|IB_TransparencyRegister}} | + | ! Country |
+ | ! Update | ||
+ | |- | ||
+ | |2006 | ||
+ | |Italy | ||
+ | | Imperial Tobacco is currently facing two claims in Italy. The first is against Logista, which is the subject of a challenge on grounds of jurisdiction and the admission of evidence. This challenge was heard in 2006 but judgment is still awaited. The second claim has been brought in the Court of Messina against Imperial Tobacco Italia and Reemtsma by two individuals claiming EUR800,000 in total. We have denied liability. {{r|IB_2017_AR|p=50}} | ||
+ | |- | ||
+ | | 2015 | ||
+ | |Morocco | ||
+ | | In June 2015, a claim was filed in the Casablanca Court by the heirs of a deceased individual against our Moroccan subsidiary, | ||
+ | Société Marocaine des Tabacs. The total amount of compensation sought was not specified. On 9 February 2016, the Casablanca Court found in favour of SMT and dismissed the claim. No appeal has been filed. {{r|IB_2017_AR|p=50}} | ||
+ | |- | ||
+ | | NA | ||
+ | |Argentina | ||
+ | | Imperial Tobacco subsidiary, Société Nationale d’Exploitation Industrielle des Tabacs et Allumettes SAS (SEITA), has been notified of a claim filed in the Court of Buenos Aires against Nobleza Piccardo by an individual smoker. Nobleza Piccardo has denied liability. Nobleza Piccardo manufactures and distributes two brands of cigarettes owned by SEITA in Argentina under the terms of a Licence Agreement. Nobleza Piccardo has sought to invoke an indemnity contained in the Licence Agreement, pursuant to which SEITA is responsible for any product liability to third parties. The amount claimed is ARS 8,980,200. The claim is currently in the evidence production period, during which all expert and witness evidence will be produced. {{r|IB_2017_AR|p=50}} | ||
+ | |- | ||
+ | | 2016 | ||
+ | |Russia | ||
+ | | In August 2016, a claim was filed in the Russian Court against 18 tobacco companies including JSC Imperial Tobacco Yaroslavl by an individual claiming RUB 523,480,297 and other amounts related to the profits of the defendants. Imperial was notified of the claim by the Russian Court in February 2017. The claim was dismissed in full at a hearing in April 2017. The claimant appealed the decision. The appeal was heard on 18 July 2017 by Moscow Court’s Judicial Panel for Civil Cases. The appeal was dismissed in full and the claimant has until 18 January 2018 to appeal the decision. {{r|IB_2017_AR|p=50}} | ||
+ | |- | ||
+ | | NA | ||
+ | |The Netherlands | ||
+ | | Reports in the public media indicate that a complaint has been lodged with the Public Prosecutor in the Netherlands directed at the four major tobacco manufacturers, including Imperial Tobacco Benelux. Neither Imperial Tobacco Benelux nor any of its employees has been charged by the Public Prosecutor in the Netherlands, but we are monitoring developments. {{r|IB_2017_AR|p=50}} | ||
+ | |- | ||
+ | | 2017 | ||
+ | |Poland | ||
+ | | On 9 October 2017, Imperial Tobacco Polska SA (“Imperial Polska”) received notice that a claim has been filed against it in the | ||
+ | Regional Court in Poznań by an individual claiming PLN 1,000,000 by way of compensation for alleged smoking related health effects. Imperial Polska has not yet filed a Statement of Defence but it intends to deny liability. {{r|IB_2017_AR|p=50}} | ||
+ | |- | ||
+ | | 2016 | ||
+ | |United States | ||
+ | | A number of smoking and health-related claims have been brought against Imperial Tobacco Group Brands in the state courts. Imperial Tobacco Group Brands has the benefit of an indemnity from another manufacturer in respect of each of these claims. As a result, ITG Brands either has been dismissed, or is expected to be dismissed, without prejudice from each of the claims.{{r|IB_2017_AR|p=50}} | ||
+ | |- | ||
+ | | 2016 | ||
+ | |United States | ||
+ | |Imperial Tobacco is currently defending one e-vapour-related claim in the USA. This is a consolidation of two purported class actions (Diek and Whitney) seeking to recover unquantified damages, including punitive damages. A claim that had been brought by the Center for Environmental Health alleging violations of the California Safe Drinking and Toxic Enforcement Act ended. {{r|IB_2017_AR|p=50}} | ||
+ | |- | ||
+ | |} | ||
+ | |||
+ | In 2015, tobacco companies including [[Philip Morris International]], [[British American Tobacco]], [[Japan Tobacco International]] and Imperial Tobacco Group took the British government to court, arguing that the UK’s “plain packaging” law, unlawfully takes away its intellectual property. <ref> [https://www.reuters.com/article/us-uk-tobacco-idUSKBN0TT1H820151210#QIEUq9UE2w3FzHLv.99 Big Tobacco takes UK government to court over plain packaging], ''Reuters'', 10 December 2015, Accessed 18 December 2018 </ref> | ||
+ | |||
+ | Imperial Brands (majority share owner of Lao Tobacco Company) and Lao-China Hongta Good Luck Company Ltd., violated the law by not printing pictorial health warnings on their cigarette packs. These two companies control over 80 percent of the cigarette market in Lao PDR. <ref> Tobacco Watch, [https://tobaccowatch.seatca.org/index.php/2018/02/11/lao-tobacco-companies-disregard-tobacco-control-law/ Lao: Tobacco Companies Disregard Tobacco Control Law], 10 February 2018, Accessed 5 December 2018 </ref> | ||
+ | |||
+ | ==Partners and Allies== | ||
+ | In 2017, the organization has paid between EUR 400,000 and EUR 499,999 on activities related to lobbying and registration fees within the EuropeanUnion. {{r|IB_TransparencyRegister}} | ||
+ | |||
+ | According to Transparency Register, in 2017 Imperial disclosed it was a member of the following associations: | ||
+ | *Confederation of EC Cigarette Manufacturers {{r|IB_TransparencyRegister}} | ||
+ | *European Smoking Tobacco Association {{r|IB_TransparencyRegister}} | ||
*European Cigar Manufacturers Association {{r|IB_TransparencyRegister}} | *European Cigar Manufacturers Association {{r|IB_TransparencyRegister}} | ||
*European Rolling Papers Association {{r|IB_TransparencyRegister}} | *European Rolling Papers Association {{r|IB_TransparencyRegister}} | ||
Line 2,182: | Line 2,238: | ||
===Lobbying=== | ===Lobbying=== | ||
− | Main European Union initiatives, policies and legislative files followed by the | + | |
+ | ====Canada==== | ||
+ | Imperial Tobacco Canada and JTI Canada Tech, together with Juul Labs Canada have launched the Vaping Industry Trade Association (VITA) with the intention of fighting against proposed government regulations to tighten cigarette regulations amidst the ever increasing number of “vape-related” lung disease cases in the United States. VITA was officially launched in November 2019, and president Daniel David said that the aim is ensuring that regulations aimed at preventing youth access, do not come in the way of adults smokers being able to make use of the devices. <ref>Vaping Post website, [https://www.vapingpost.com/2019/12/03/canada-three-tobacco-companies-launch-vaping-trade-association/ Canada: Three Tobacco Companies Launch Vaping Trade Association], 3 December 2019, Accessed 24 January 2020</ref> | ||
+ | |||
+ | ====Czech Republic==== | ||
+ | The Czech Senate is preparing to vote on a disputed tax package, the situation can be abused by the food and tobacco lobby to push its interests. When the Chamber of Deputies passed a tax package last Friday canceling the super-gross wage and increasing the taxpayer's rebate, there was horror. The letter was signed by the CEOs of the Czech branches of [[British American Tobacco]], [[Imperial Tobacco]], [[Japan Tobacco International]] and several smaller cigarette importers. <ref>[https://web.archive.org/web/20201221024036/https://www.parlamentnilisty.cz/arena/monitor/Danovy-balicek-v-ohrozeni-Lobbiste-uz-si-brousi-zuby-645641 Daňový balíček v ohrožení. Lobbisté už si brousí zuby], ''Parlamentni Listy'', 30 November 2020, Accessed 13 January 2021</ref> | ||
+ | |||
+ | ====European Union==== | ||
+ | Main European Union initiatives, policies and legislative files followed by the organization are: | ||
− | *The implementation of Directive 2014/40/EU on the approximation of the laws, regulations and administrative provisions of the Member States concerning the manufacture , presentation, and sale of tobacco and related products. {{r|IB_TransparencyRegister}} | + | *The implementation of Directive 2014/40/EU on the approximation of the laws, regulations and administrative provisions of the Member States concerning the manufacture, presentation, and sale of tobacco and related products. {{r|IB_TransparencyRegister}} |
*Review of Directive 2011/64/EC, on the structure and rates of excise duty applied to manufactured tobacco. {{r|IB_TransparencyRegister}} | *Review of Directive 2011/64/EC, on the structure and rates of excise duty applied to manufactured tobacco. {{r|IB_TransparencyRegister}} | ||
*Review of Council Directive 2008/118/EC concerning the general arrangements for excise duty and repealing Directive 92/12/EEC {{r|IB_TransparencyRegister}} | *Review of Council Directive 2008/118/EC concerning the general arrangements for excise duty and repealing Directive 92/12/EEC {{r|IB_TransparencyRegister}} | ||
− | The | + | The organization employs three part-time and four full-time lobbyists. The European Union Register lists the following employees: |
{| class="wikitable" | {| class="wikitable" | ||
Line 2,198: | Line 2,262: | ||
|Valerio Forconi {{r|IB_TransparencyRegister}} | |Valerio Forconi {{r|IB_TransparencyRegister}} | ||
|Active | |Active | ||
− | | | + | |18 December 2020 |
− | | | + | |17 December 2021 |
|- | |- | ||
− | | | + | |Niccolo Balzini {{r|IB_TransparencyRegister}} |
|Active | |Active | ||
− | | | + | |08 October 2020 |
− | | | + | |07 October 2021 |
|- | |- | ||
− | | | + | |Jon House {{r|IB_TransparencyRegister}} |
|Active | |Active | ||
− | | | + | |07 October 2020 |
− | | | + | |06 October 2021 |
|- | |- | ||
− | | | + | |Justyna Smok-Chajn{{r|IB_TransparencyRegister}} |
|Active | |Active | ||
− | | | + | |08 October 2020 |
− | | | + | |07 October 2021 |
|- | |- | ||
|} | |} | ||
− | In 2017, Fontem Ventures, affiliated with Imperial Tobacco used the services of Aspect Consulting for lobbying in Brussels | + | Mr Valerio Forconi, Head of EU Corporate Affairs, Brussels Office is in charge of EU relations.{{r|IB_TransparencyRegister}} |
+ | |||
+ | EU Transparency register lists Philip Morris International as a member of various associations and networks around the world, including:{{r|IB_TransparencyRegister}} | ||
+ | *Tobacco Europe (previously CECCM) | ||
+ | *European Smoking Tobacco Association (ESTA) | ||
+ | *European Cigar Manufacturers Association (ECMA) | ||
+ | *European Rolling Papers Association (ERPA) | ||
+ | *European Travel Retail Council (ETRC) | ||
+ | *Public Affairs Council | ||
+ | *SEAP | ||
+ | |||
+ | Dustin Dahlman from the German eCig Industry Association was part of a proposed "citizen-led initiative" asking the EU Commission to 'repeal Article 20 of Directive 2014/40/EU and create bespoke legislation which clearly sets vaping products apart from tobacco & pharmaceutical products'. <ref>[https://web.archive.org/web/20190509105428/http:/ec.europa.eu/citizens-initiative/public/initiatives/ongoing/details/2019/000001?lg=en Let's demand smarter vaping regulation!], The European Citizen's Initiative Official register, 20 February 2019, Accessed 22 July 2021</ref> | ||
+ | |||
+ | Between October 2018 and September 2019, Imperial Tobacco had an estimated annual cost related to activities covered by the European Transparency Registry in the amount of EUR 600,000 - 699,999. | ||
+ | |||
+ | In 2017, Fontem Ventures, affiliated with Imperial Tobacco used the services of Aspect Consulting for lobbying in Brussels <ref>Transparency Register website, [http://ec.europa.eu/transparencyregister/public/consultation/displaylobbyist.do?id=15392729381-19 Aspect Consulting], Accessed 17 October 2018 </ref> and Blue Star Strategies globally. <ref>Blue Star Strategies, [http://www.bluestarstrategies.com/about/our-clients Our Clients], Accessed 29 October 2018 </ref> | ||
+ | |||
+ | ====Lao==== | ||
+ | Lao PDR’s joint venture agreement with Imperial Brands gives preferential treatment to the tobacco industry. This lopsided 25-year agreement grants a tax rate of 15 percent if production costs are less than LAK 1,500 per pack of 20 units and 30 percent if production cost is more than LAK 1,500 per pack of 20 units. This agreement caused the government to lose about USD 144 million in tax revenues between 2002-2017. Additionally, no action has ever been taken against Imperial Tobacco for non-compliance with the pictorial health warnings on its packs. <ref>Mary Assunta, [http://www.globaltobaccoindex.org Global Tobacco Industry Interference Index 2019], Global Center for Good Governance in Tobacco Control (GGTC), September 2019, p. 16 </ref> | ||
+ | |||
+ | ====United Kingdom==== | ||
+ | [[Philip Morris International]], [[British American Tobacco]], [[Japan Tobacco International]], [[Imperial Brands]] and Juul are all members if the UK Vaping Industry Association (UKVIA), United Kingdom's leading forum for supporting, developing and promoting the vaping industry. <ref> UKVIA website, [http://www.ukvia.co.uk/who-we-are/ Who we are], 12 February 2020 </ref> | ||
+ | |||
+ | ====Ukraine==== | ||
+ | Two years after Ukraine’s antitrust agency gave big tobacco with a record $256 million in fines, the state budget will not be adding anything to its coffers. On June 1, the Supreme Court of Ukraine, the country’s highest judicial body, ruled that allegations Imperial Tobacco Ukraine had acted in violation of anti-monopoly legislation were groundless, overturning the $17 million fine imposed by the Anti-Monopoly Committee of Ukraine. <ref>[https://web.archive.org/save/https://www.kyivpost.com/business/ukraines-supreme-court-hands-win-to-tobacco-giant-imperial-tobacco.html Ukraine’s Supreme Court hands win to tobacco giant Imperial Tobacco], Kyiv Post, 3 June 2021, Accessed 11 July 2021</ref> | ||
+ | |||
===Memberships=== | ===Memberships=== | ||
− | The website TobaccoTactics, offers [http://www.tobaccotactics.org/index.php?title=Imperial_Tobacco an updated list] of | + | The website TobaccoTactics, offers [http://www.tobaccotactics.org/index.php?title=Imperial_Tobacco an updated list] of organizations Imperial Tobacco was a member or supporter of in 2017. The [https://oepav.at/ Austrian Public Affairs Association] website lists Hanna Friedl and Jared Wiener from Imperial Tobacco Austria as members. <ref>Austrian Public Affairs Association website, [https://oepav.at/en/members/ Members], Accessed 30 November 2018 </ref> |
− | + | Imperial Tobacco is a Gold member of the [https://www.scottishshop.org.uk Scottish Grocers Federation], a front group 'promoting responsible community retailing by lobbying, communication, networking and advice.' As of 2018, British American Tobacco and Japan Tobacco International were both listed as members on the organization's website. <ref> Scottish Grocers Federation, [https://www.scottishshop.org.uk/about/corporate-members-sgf Corporate Members], Accessed 29 December 2018 </ref> | |
===Politics=== | ===Politics=== | ||
− | Scottish National Party accepted conference fees from Japan Tobacco International | + | Scottish National Party accepted conference fees from [[Japan Tobacco International]] and Imperial Tobacco. Both companies were at the SNP Party Conference after buying "business day" passes advertised at GBP 1,750 each. <ref> [https://www.heraldscotland.com/news/16981736.snp-in-row-over-conference-fees-from-tobacco-giants/ SNP in row over conference fees from tobacco giants], ''The Herald'', October 2018, Accessed 31 October 2018 </ref> |
+ | |||
+ | In 2010, European Commission announced a multi-year agreement with Imperial Tobacco to work together in tackling the illicit trade in tobacco products. Under the legally binding agreement, ITL will work with the European Commission, its anti-fraud office OLAF, and Member States’ law enforcement authorities to help in the fight against contraband and counterfeit cigarettes. The Agreement included a USD 300 million contribution (over the next 20 years) by Imperial Tobacco. <ref>European Commission EUROPEAN ANTI-FRAUD OFFICE, [https://ec.europa.eu/anti-fraud/investigations/eu-revenue/imperial_tobacco_en Imperial Tobacco Limited (ITL) 2010], Accessed 31 October 2018 </ref> | ||
+ | |||
+ | ===Consultancies, Banking and Finance=== | ||
− | + | {{ImperialBrandsPartnerTableProfessionalServices}} | |
− | + | ===Marketing, Conferences and Public Relations=== | |
− | ===Marketing and Public Relations=== | ||
− | { | + | {{ImperialBrandsPartnerTableMarketingAndPR}} |
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==References== | ==References== | ||
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{{Reflist| | {{Reflist| | ||
refs= | refs= | ||
− | <ref name ="IB_2013_AR">[http://www.imperialbrandsplc.com/content/dam/imperial-brands/corporate/investors/annual-report-and-accounts/annual_report_2013.pdf.downloadasset.pdf Imperial Brands, 2013, ''Focused on sustainable growth, Annual Report and accounts 2013''] Accessed: September, 2018</ref> | + | <ref name ="IB_2013_AR">[http://www.imperialbrandsplc.com/content/dam/imperial-brands/corporate/investors/annual-report-and-accounts/annual_report_2013.pdf.downloadasset.pdf Imperial Brands, 2013, ''Focused on sustainable growth, Annual Report and accounts 2013''] Accessed: September, 2018.</ref> |
<ref name ="IB_2014_AR">[http://www.imperialbrandsplc.com/content/dam/imperial-brands/corporate/investors/annual-report-and-accounts/Annual%20Report%202014.pdf.downloadasset.pdf Imperial Brands, 2014, ''A stronger business, Annual Report and accounts 2014''] Accessed: September, 2018</ref> | <ref name ="IB_2014_AR">[http://www.imperialbrandsplc.com/content/dam/imperial-brands/corporate/investors/annual-report-and-accounts/Annual%20Report%202014.pdf.downloadasset.pdf Imperial Brands, 2014, ''A stronger business, Annual Report and accounts 2014''] Accessed: September, 2018</ref> | ||
<ref name ="IB_2015_AR">[http://www.imperialbrandsplc.com/content/dam/imperial-brands/corporate/investors/annual-report-and-accounts/full-annual-report-2015.pdf.downloadasset.pdf Imperial Brands, 2015, ''Imperial Tobacco Group PLC, Annual Report and accounts 2015''] Accessed: September, 2018</ref> | <ref name ="IB_2015_AR">[http://www.imperialbrandsplc.com/content/dam/imperial-brands/corporate/investors/annual-report-and-accounts/full-annual-report-2015.pdf.downloadasset.pdf Imperial Brands, 2015, ''Imperial Tobacco Group PLC, Annual Report and accounts 2015''] Accessed: September, 2018</ref> | ||
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<ref name ="IB_2017_AR">[http://....pdf Imperial Brands, 2017, ''Investing for growth, Annual Report and accounts 2017''] Accessed: September, 2018</ref> | <ref name ="IB_2017_AR">[http://....pdf Imperial Brands, 2017, ''Investing for growth, Annual Report and accounts 2017''] Accessed: September, 2018</ref> | ||
<ref name="IB_WEB_LEADERSHIP">Imperial Brands, [http://www.imperialbrandsplc.com/About-us/Leadership-team.html Leadership Team], Accessed September 2018</ref> | <ref name="IB_WEB_LEADERSHIP">Imperial Brands, [http://www.imperialbrandsplc.com/About-us/Leadership-team.html Leadership Team], Accessed September 2018</ref> | ||
− | <ref name="IB_WEB_ABOUT-US">Imperial Brands, [http://www.imperialbrandsplc.com/About-us.html About Us], Accessed September 2018</ref> | + | <nowiki><ref name="IB_WEB_ABOUT-US">Imperial Brands, [http://www.imperialbrandsplc.com/About-us.html About Us], Accessed September 2018</ref></nowiki> |
<ref name="IB_WEB_MARKET-FOOTPRINT">Imperial Brands, [http://www.imperialbrandsplc.com/About-us/Market-footprint.html Market footprint], Accessed September 2018</ref> | <ref name="IB_WEB_MARKET-FOOTPRINT">Imperial Brands, [http://www.imperialbrandsplc.com/About-us/Market-footprint.html Market footprint], Accessed September 2018</ref> | ||
− | <ref name="IB_WEB_BRAND-PORTFOLIO">Imperial Brands, [http://www.imperialbrandsplc.com/About-us/Brand-portfolio.html Brand portfolio], Accessed September 2018</ref> | + | <nowiki><ref name="IB_WEB_BRAND-PORTFOLIO">Imperial Brands, [http://www.imperialbrandsplc.com/About-us/Brand-portfolio.html Brand portfolio], Accessed 8 September 2018</ref></nowiki> |
}} | }} |
Revision as of 12:07, 20 September 2021
Imperial Tobacco Group is a British company. It is the fifth largest company participating in the global tobacco market and controls 3.7 percent of the international cigarette market. [1] Imperial operates in more than 160 markets, and key growth markets are in Italy, Russia, Japan, and Saudi Arabia. [2] [3] Top brands include West, Davidoff, John Player Special, and Gauloises. [4] In 2016, Imperial Tobacco was the world’s fifth-largest international cigarette company based on market share. [5]
Contents
- 1 Company Overview
- 2 Profitability
- 3 Products
- 4 Marketing and External Relations
- 5 Reporting and Regulation
- 6 Partners and Allies
- 7 References
Company Overview
Imperial Brands is a FTSE 100 company headquartered in Bristol in the United Kingdom. Imperial Brands consists of five distinct entities: Imperial Tobacco, Tabacalera, ITG Brands, Fontem Ventures and Logista. [6]
The core business is built around a tobacco portfolio that offers a comprehensive range of cigarettes (e.g. Davidoff, Gauloises), fine cut (e.g. Drum, Golden Virginia) and smokeless tobaccos (e.g. skruf), papers (e.g. Rizla) and cigars (e.g. Montecristo, Cohiba). Through the Fontem Ventures business, Imperial Brands are also developing a portfolio of brands beyond tobacco, including the e-vapour brand blu. [6]
Executive Committee
Yahoo revealed the company pays its new (2021) male chief executive a bigger salary than his female predecessor. [7] Imperial Brands has decided to cut Chief Executive Officer Stefan Bomhard’s performance-linked pay after shareholders expressed concerns over his remuneration package. The company said Bomhard, who joined as CEO in July last year, and the remuneration committee have agreed that the face value of his 2021 long term incentive plan award will be cut to 315 from 350 percent of his salary. [8]
Name | Position | Bio |
---|---|---|
Stefan Bomhard | Chief Executive Officer | Stefan joined Imperial in July 2020 from Inchcape plc, a global distribution and retail leader in the premium and luxury automotive sectors, where he delivered successful transformational change during a five-year tenure as Chief Executive. Stefan has a PhD in marketing and has accrued significant experience in the consumer and retail sectors during his career. Previous roles have included Chief Commercial Officer of Cadbury plc and Chief Operating Officer of Unilever Food Solutions Europe. This followed senior management and sales and marketing positions at Diageo (Burger King) and Procter & Gamble.
Appointment: Appointed to the Board as Chief Executive Officer on 1 July 2020. External Appointments: Non-Executive Director on the Board of Compass PLC.[9] |
Lukas Paravicini | Chief Financial Officer | Lukas has a proven track record in international consumer goods companies. Beyond his finance credentials, he has considerable operational experience as well as expertise in driving transformational change including in global shared services in large international organisations. Lukas joined Imperial from agricultural commodities and brokerage group ED&F Man Holdings, where he was Chief Financial Officer. He has also held senior positions at Fonterra, a New Zealand and Australia listed co-operative and the world’s largest dairy exporter, with sales in 130 countries. He was Chief Financial Officer from 2013-2017 and Chief Operating Officer, Global Consumer and Foodservice Business from 2017-2018. Prior to that, he spent 22 years with Nestlé in various senior finance and general management roles. [9] |
Anindya Dasgupta | Chief Consumer Officer | Anindya (Andy) has held senior executive roles in Marketing, Strategy and General Management positions in multiple markets, including the USA, India, Singapore, Thailand and the UK. After achieving success in various positions within the consumer healthcare division at GlaxoSmithKline, he joined PepsiCo, where in his 9 year career, he held senior positions culminating in the Global Beverages Group based in New York. He then joined the world’s largest dairy processing company, Fonterra, where he led the Global consumer branded business. Prior to joining Imperial, he was the CEO and Founder of Growth Officers Inc Pte. Ltd., a management consulting firm based in Singapore with operations across South East Asia, Africa and Europe. [9] |
Joerg Biebernick | Division Director, Returns | Joerg has considerable brand marketing and general management experience built during a 25-year career in Europe and the US. Prior to joining Imperial, Joerg served as President, Latin America for Kimberly Clark. He has also held senior positions working in the consumer goods sector for both Georgia Pacific and Procter & Gamble. In addition to managing the Returns Division, Joerg has responsibility for Market Repeatable Model and the Imperial Tobacco brand portfolio. Joerg joined Imperial in November 2017.[9] |
Alison Clarke | Chief People and Culture Officer | Prior to joining Imperial Alison was Chief Human Resource Officer at Inchcape plc, with responsibility for all aspects of people and culture strategies. She is a highly experienced global business leader, having held a number of senior positions at Whitbread, Hutchison and United Utilities. As well as leading a number of large HR functions, Alison has led teams responsible for business transformation, communications and sustainability. Her career also includes time consulting and working with the not-for-profit sector supporting organisational development. Alison is a qualified Executive coach and mentor.[9] |
Dominic Brisby | Division Director, Growth | Dominic leads the Growth Division, which includes selected markets in the EU, Eastern Europe, Asia, and the Middle East and also incorporates the USA and Premium Cigar Division. He previously led the Returns Division. Prior to becoming a Division Director in 2013, Dominic held a number of international general management roles at Imperial and has been responsible for businesses in the Czech Republic, Poland and Iberia. Appointed Growth Division Director in November 2017.[9] |
Javier Huerta | Group Manufacturing & Supply Chain Director | Javier has extensive experience in supply chain, operations and consumer goods, and has overall responsibility for all tobacco and Next Generation Product manufacturing and supply chain operations at Imperial. Prior to joining the business, Javier held a number of senior roles in an 11-year career at Unilever, most latterly as Executive Vice President Supply Chain for Foods and Refreshment. He also held a number of roles over a 14-year period at Nestlé.[9] |
Murray McGowan | Group Strategy and Transformation Director | Murray has a strong background in strategy having worked in various strategic and operational leadership roles for a number of high profile businesses including Costa Coffee (Whitbread), Yum! Brands, Cadbury and The Restaurant Group. He also worked with a range of leading global FMCG and retail businesses during his time at McKinsey & Company.[9] |
In January 2019, Morgan Lee was appointed as the group’s market manager for Ireland. [10]
Board Members
Ngozi Edozien and Diane de Saint Victor will join the Imperial Brands Board as Non-Executive Directors, with effect from 15 November 2021. [11]
Name | Position | Bio |
---|---|---|
Therese Esperdy | Chairman of the Board | Thérèse has significant international investment banking experience having held a number of roles at JP Morgan including Global Chairman of JP Morgan’s Financial Institutions Group, Co-Head of Asia-Pacific Corporate & Investment Banking, Global Head of Debt Capital Markets, and Head of US Debt Capital Markets. She began her career at Lehman Brothers and joined Chase Securities in 1997 prior to the firm's merger with JP Morgan in 2000.
Committee Membership: Appointed Chairman on 1 January 2020 having previously served as Senior Independent Director since May 2019. Thérèse joined the Board in July 2016.
|
Stefan Bomhard | Chief Executive Officer | Stefan joined Imperial in July 2020 from Inchcape plc, a global distribution and retail leader in the premium and luxury automotive sectors, where he delivered successful transformational change during a five-year tenure as Chief Executive. Stefan has a PhD in marketing and has accrued significant experience in the consumer and retail sectors during his career. Previous roles have included Chief Commercial Officer of Cadbury plc and Chief Operating Officer of Unilever Food Solutions Europe. This followed senior management and sales and marketing positions at Diageo (Burger King) and Procter & Gamble.
Appointment: Appointed to the Board as Chief Executive Officer on 1 July 2020. External Appointments: Non-Executive Director on the Board of Compass PLC.[9] |
Lukas Paravicini | Chief Financial Officer | Lukas has a proven track record in international consumer goods companies. Beyond his finance credentials, he has considerable operational experience as well as expertise in driving transformational change including in global shared services in large international organisations. Lukas joined Imperial from agricultural commodities and brokerage group ED&F Man Holdings, where he was Chief Financial Officer. He has also held senior positions at Fonterra, a New Zealand and Australia listed co-operative and the world’s largest dairy exporter, with sales in 130 countries. He was Chief Financial Officer from 2013-2017 and Chief Operating Officer, Global Consumer and Foodservice Business from 2017-2018. Prior to that, he spent 22 years with Nestlé in various senior finance and general management roles.[9] |
Simon Langelier | Non-Executive Director | Simon has significant international experience within the tobacco industry. He held a number of senior commercial positions during a 30-year career with Philip Morris International, including in Latin America, Asia, Western and Eastern Europe, Middle East and Africa. In addition, he was President of their Next Generation Products & Adjacent Businesses. Appointed Non-Executive Director in June 2017.
Committee Membership: Member of the Audit Committee and the Succession & Nominations Committee. External Appointments: Chairman of PharmaCielo Limited; Ambassador of Lancaster University.[9] |
Alan Johnson | Non-Executive Director | Alan has a strong financial background in consumer goods and retail, having held a number of senior finance positions at Unilever during a 30-year career, including Chief Audit Executive and Chief Financial Officer of the Global Foods Division. He was previously Chief Financial Officer and then a Non-Executive Director at food retailer Jerónimo Martins, SGPS, SA until April 2016.
Committee Membership: Member of the Audit Committee and the Succession & Nominations Committee. External Appointments: President and Chair of the Board of the International Federation of Accountants and a member of the Board and Chair of the Audit Committee of the International Valuation Standards Council.[9] |
Sue Clark | Senior Independent Non-Executive Director | Sue has strong international business credentials with over 20 years’ Executive Committee and Board level experience in the FMGC, regulated transport and utility sectors. Sue held the role of Managing Director of SABMiller Europe and was an Executive Committee member of SABMiller plc. She joined SABMiller in 2003 as Corporate Affairs Director and was part of the executive team that built the business into a top five FTSE company.
Appointment: Appointed Non-Executive Director in December 2018, Chair of the Remuneration Committee in February 2019 and Senior Independent Director on 1 January 2020. Committee Membership: Chair of the Remuneration Committee and member of the Succession & Nominations Committee. External Appointments: Non-Executive Director and Chairman of the Remuneration Committee of Britvic plc, Non-Executive Director and member of the Audit and Remuneration Committees of Bakkavor Group plc. Sue is also a Non-Executive Director of Tulchan Communications LLP and a member of the Supervisory Board and Remuneration Committee of AkzoNobel N.V. |
Steven Stanbrook | Non-Executive Director | Steven brings considerable international executive experience to the Board, gained in a number of FMCG companies. This includes 18 years at SC Johnson & Son Inc., most recently as Chief Operating Officer, where he was responsible for managing their international operations.
Steven is a partner of Wind Point Partners and a Director of both Autism Speaks and The Vollrath Company, LLC. Previously he held senior positions at Sara Lee Corporation, including as Chief Executive Officer of Sara Lee Bakery and at CompuServe Corp. He is also a former Non-Executive Director of Chiquita Brands International, Inc. and Hewitt Associates. Appointed Non-Executive Director in February 2016 Committee Membership: Member of the Remuneration Committee and the Succession & Nominations Committee.[9] |
John Downing | Company Secretary | John joined Imperial in 2005 having worked for the law firm Linklaters. He has had a number of senior legal roles in Imperial including playing a leading role in the Altadis acquisition and becoming Head of Group Legal in 2010. He has considerable experience in managing key corporate projects related to financing, business development and other commercial matters. In addition to his Group Company Secretary role, John also has responsibility for the Group's governance, Code of Conduct, security and information security.
Appointment: Appointed Company Secretary in June 2012.[9] |
Pierre-Jean Sivignon | Non-Executive Director | Pierre-Jean is an experienced finance professional, having held Chief Financial Officer positions at Faurecia S.A., a global leader in automotive technology, Philips, the global health technology company, and most recently Groupe Carrefour, the global retailer, where he was also deputy Chief Executive Officer. Having stepped down from executive duties in 2017, he was advisor to the Carrefour Chair and CEO until the end of 2018. He was appointed Non-Executive Director on 1 July 2020.
Committee Membership: Member of the Audit Committee. External Appointments: Non-Executive Director of Vista Oil & Gas SAB which is listed on the Mexican Stock Exchange and the New York Stock Exchange. [9] |
Jon Stanton | Non-Executive Director | Jon has a wide range of experience, with a first-class international business track record, including significant US exposure. In 2016 he was appointed Chief Executive of Weir Group PLC, having previously been CFO from 2010. Prior to that he spent 22 years at Ernst & Young, LLP, the last nine years of which were as an audit partner. He was Aapointed Non-Executive Director in May 2019 and Chairman of the Audit Committee in June 2020.
Committee Membership: Chairman of the Audit Committee and member of the Succession & Nominations Committee. External Appointments: Chief Executive of Weir Group PLC. [9] |
Bob Kunze-Concewitz | Non-Executive Director | Kunze-Concewitz is an experienced marketing professional and has held a number of senior roles at leading FCMG companies. He has been Chief Executive Officer at Campari Group, a major player in the global spirits industry, since May 2007 having joined the business in 2005 as Group Marketing Director. Prior to his time at Campari Group, he held positions of increasing responsibility at Procter & Gamble, including Global Prestige Products Corporate Marketing Director. [9] |
Investments in Unconsolidated Subsidiaries ("significant" > 20 percent):
Incorporated Subsidiaries (overseas, partly owned)
Subsidiary Name [2]:137-140 | Country [2]:137-140 | Principal activity [2]:137-140 | Registered address [2]:137-140 | Interest amount (percent) [2]:137-140 |
---|---|---|---|---|
Be To Be Pharma, S.L | Spain | Distribution of pharmaceuticals | C/ Trigo, 38 – Polígono Industrial Polvoranca – 38914 Leganés, Madrid, Spain | 60 |
Caribbean Investment Corporation, SA (i) | Switzerland | Dormant | c/o Alb. – Louis Dupont-Willemin, Rue du Vieux Collège 10 bis, Ch 1211 Genève 3, 3194, Switzerland | 50 |
CDM Tampa, LLC | United States of America | Retail | c/o Corporation Service Company, 1201 Hays Street, Tallahassee, Florida, 32301, United States | 50 |
Comercial Iberoamericana SA (i) | Spain | Wholesale and distribution of tobacco products | Paseo de la Castellana, 143 – 10ºA, Madrid, 28046, Spain | 50 |
Compagnie Agricole et Industrielle des Tabacs Africains SAS | France | Management company | 143 bd Romain Rolland, Cedex 14, Paris, 75685, France | 99.9 |
Compagnie Agricole et Industrielle des Tabacs de Cote D’Ivoire SA, IL (i) | Cote D’Ivoire | In liquidation | BP 418 – Bouake, Cote d’lvoire, Cote d’Ivoire | 74.6 |
Compagnie Réunionnaise des Tabacs SAS | France, St Pierre (La Réunion) | Manufacture of cigarettes | ZI n° 2 – BP 256 – 97457 Saint Pierre Cedex, La Réunion | 98.6 |
Compañía de Distribución Integral de Publicaciones Logista SLU (iv) | Spain | Distribution of published materials and other products | C/ Trigo, 39 – Polígono Industrial Polvoranca, Leganés, Madrid, 28914, Spain | 60 |
Compañía de Distribución Integral Logista Holdings, S.A. (iii) | Spain | Holding investments in subsidiary companies | C/ Trigo, 39 – Polígono Industrial Polvoranca, Leganés, Madrid, 28914, Spain | 60 |
Compañía de Distribución Integral Logista Polska, sp. Z o.o. (SL) | Poland | Distribution of tobacco products in Poland | Avenida Jerozolimskie 133/131, 02-304 Varsaw, Poland | 60 |
Compañía de Distribución Integral Logista S.A.U. | Spain | Distribution of tobacco products in Spain | C/ Trigo, 39 – Polígono Industrial Polvoranca, Leganés, Madrid, 28914, Spain | 60 |
Coprova SAS (i) | France | Distribution of Cuban cigars in the Caribbean | 171 Avenue Jean Jaures – Paris CEDEX 19, 75927, France | 50 |
Cuba Cigar, S.L. (i) | Spain | Distribution of Cuban cigars in the Canary Islands | Avenida Andrés Perdomo S/N, Edificio de Zona Franca, Planta Baja, Puerto de la Luz (Las Palmas de Gran Canaria), 35008, Spain | 50 |
Cubacigar (Benelux) N.V. (i) | Belgium | Distribution of cigars in Belgium | Reutenbeek, 5 – 3090 Overijse, Belgium | 50 |
Cyberpoint, S.L.U. | Spain | Distribution of POS software | C/ Trigo, 39 – Polígono Industrial Polvoranca, Leganés, Madrid, 28914, Spain | 60 |
Dalso, S.R.L. (i) | Dominican Republic | Distribution of Cuban cigars in Republic Dominican | Avenida Gustavo Mejía Ricart esquina Avenida Abraham Lincoln, Torre Piantini, sexto piso, Ensanche Piantini, Santo Domingo, Distrito Nacional, Dominican Republic | 50 |
Distribérica SA | Spain | Holding investments in subsidiary companies | C/ Trigo, 39 – Polígono Industrial Polvoranca, Leganés, Madrid, 28914, Spain | 60 |
Distribución de Publicaciones Siglo XXI, Guadalajara | Spain | Distribution of published materials and other products in Spain | Francisco Medina y Mendoza, 2, 19171 Cabanillas del Campo, Guadalajara, Spain | 48 |
Distribuidora de Ediciones SADE, SAU | Spain | Distribution of published materials and other products in Spain | Calle B, esquina calle 4, s/n. Sector B, Polígono Industrial Zona Franca, 08040 Barcelona, Spain | 60 |
Distribuidora de las Rias SA | Spain | Distribution of published materials and other products in Spain | Avda. Cerezos, Parcela D-28, Polígono Industrial PO.CO.MA.CO , 15190 Mesoiro, La Coruña, Spain | 60 |
Distribuidora del Este S.A.U. | Spain | Distribution of published materials and other products in Spain | Avenida Saturno, 11, 03007, Alicante, Spain | 60 |
Distribuidora del Noroeste SL | Spain | Distribution of published materials and other products in Spain | C/ Gandarón, 34, interior, Vigo, Pontevedra, 36214, Spain | 60 |
Dronas 2002, SLU | Spain | Industrial parcel and express delivery service | Energía, 25-29; Polígono Industrial Nordeste, Sant Andreu de la Barca, Barcelona, 08740, Spain | 60 |
Empor – Importação e exportação, SA (i) | Portugal | Distribution of tobacco products in Portugal | Rua João Santos, Lote 2, Lisboa, 1300-325, Portugal | 50 |
Habanos Nordic AB (i) | Sweden | Distribution of Cuban cigars in Scandinavia | August Barks gata 30B SE-42132 Västra Frölunda, Sweden | 50 |
Imperial Tobacco Production Ukraine (i) | Ukraine | Manufacture of tobacco products in Ukraine | ul. Akademika Zabolotnogo, 35, 03026, Kiev, Ukraine | 99.9 |
Imperial Tobacco TKS a.d. (i) | Macedonia | Manufacture, marketing and distribution of tobacco products in Macedonia | ul 11, Oktomvri 125, P O Box 37, 1000 Skopje, Macedonia | 99.1 |
Imperial Tobacco TKS a.d. – Dege Kosove | Kosovo | Manufacture, marketing and distribution of tobacco products in Kosovo | Ahmet Krasniqi, Obj.Redoni C1 B Nr 23, Prishtina, Republic of Kosovo | 99.1 |
Imprimerie Industrielle Ivoirienne SA (i) | Cote D’Ivoire | Printing company | Zone Industrielle du Banco, Lots No 147-149-150, 01 BP 4124, Yopougon/Abidjan, Cote d’Ivoire | 72.8 |
Infifon APS (i) | Denmark | Holding investments in subsidiary companies | 21, INFIFON ApS, Harbour House, Sundkrogsgade, 2100 Copenhagen, Denmark | 50 |
Infifon Hong Kong Limited (i) | China | Distribution of Cuban cigars in China | 21/F, Guangdong Investment Tower, 148 Connaught Road Central, Hong Kong | 50 |
Infifon I, BV (i) | The Netherlands | Holding investments in subsidiary companies | Parklaan 34, Rotterdam, 3016 BC, Netherlands | 50 |
Infifon II NV (i) | Netherlands Antilles | Distribution of Cuban cigars in Russia | Van Engelenweg 23, Curaçao, Netherlands Antilles | 50 |
ITB Corporation y Cía., S.R.C. | Spain | Trademark owner | Calle Antonio Maura número 9, Madrid, 28014, Spain | 93.3 |
Jose Costa & Rodrigues, LDA | Portugal | Tobacco distribution through vending machines | Rua de Santa Catarina, bloco E, Loja 20, 4720-352 Ferreiros AMR, freguesia de Ferreiros, Prozelo e Besteiros, Concelho de Amares, Portugal | 60 |
La Mancha 2000, S.A., Sociedad Unipersonal | Spain | Logistics services | Av. de la Veguilla, 12-Nave A- Parcela S-120, Cabanillas del Campo, Guadalajara, 19171, Spain | 60 |
Lao Tobacco Limited (i) | Laos | Manufacture and distribution of cigarettes in Laos | KM 8, Thadeua Road, P O Box 181, Vientiane, Lao People’s Democratic Republic | 53 |
Logesta Deutschland Gmbh, Sociedad Unipersonal | Germany | Long haul transportation in Germany | Pilotystrasse, 4, 80538 München, Germany | 60 |
Logesta France SARL | France | Long haul transportation in France | Inmeuble Le Bristol, 27 Avenue des Murs du Parc, 94300 Vincennes, France | 60 |
Logesta Gestión de Transporte SAU | Spain | Long haul transportation services in Spain | C/ Trigo, 39 – Polígono Industrial Polvoranca, Leganés, Madrid, 28914, Spain | 60 |
Logesta Italia, S.R.L., Sociedad Unipersonal | Italy | Long haul transportation in Italy | Via Valadier, 37 – 00193 Roma, Italy | 60 |
Logesta Lusa LDA | Portugal | Long haul transportation in Portugal | Expanso da Area Industrial do Passil, Edificio Logista, Lote 1A, Palhava, Alcochete, Portugal | 60 |
Logesta Polska Sp Zoo | Poland | Long haul transportation in Poland | Aleje Jerozolimskie 133/32, 02/304 Varsovia, Poland | 60 |
Logista France Holding SA | France | Holding investments in subsidiary companies | Inmeuble Le Bristol, 27 Avenue des Murs du Parc, 94300 Vincennes, France | 60 |
Logista France SAS | France | Holding investments in subsidiary companies | Inmeuble Le Bristol, 27 Avenue des Murs du Parc, 94300 Vincennes, France | 60 |
Logista Italia Spa | Italy | Long haul transportation in Italy | Via Valadier, 37 – 00193 Roma, Italy | 60 |
Logista Pharma SA | Spain | Distribution of pharmaceuticals | Industria, 53-65, Poligono Industrial Nordeste, 08740, Sant Andreu de la Barca, Barcelona, Spain | 60 |
Logista Promotion et Transport SAS | France | Marketing and distribution of tobacco products in France | Inmeuble Le Bristol, 27 Avenue des Murs du Parc, 94300 Vincennes, France | 60 |
Logista, Transportes, Transitários e Pharma, Lda., Sociedad Unipersonal | Portugal | Industrial parcel delivery and pharmaceutical logistics in Portugal | Expanso da Area Industrial do Passil, Edificio Logista, Lote 1A, Palhava, Alcochete, Portugal | 60 |
Logista-Dis SAU | Spain | Sale of tobacco products in Spain | C/ Trigo, 39 – Polígono Industrial Polvoranca, Leganés, Madrid, 28914, Spain | 60 |
MABUCIG (Manufacture Burkinabe de Cigarette) | Burkina Faso | Manufacture of cigarettes in Burkina Faso | Zone Industrielle de Bobo-Dioulasso, Secteur No 19, Rue 19.14 No adressage 55, B.P. 94 – Bobo Dioulasso, Burkina Faso | 72.7 |
Macotab SAS (Manufacture Corse des Tabacs) | France, Bastia | Manufacture and sales of cigarettes | Route Nationale 193, Furiani, 20600, France | 99.9 |
Manufacture de Cigarettes du Tchad SA T | Chad | Manufacture and distribution of cigarettes in Chad | 0502 rue 1039, Arrondissement 1, N’DJamena, Chad | 95 |
Midsid – Sociedade Portuguesa de Distribução, S.A., Sociedad Unipersonal | Portugal | Wholesale of tobacco and other products | Expanso da Area Industrial do Passil, Edificio Logista, Lote 1A, Palhava, Alcochete, Portugal | 60 |
MTOA SA (i) | Senegal | Manufacture and sales of cigarettes in Senegal | Km 2-5 Bld du Centenaire de la commune de Dakar, Dakar, Senegal | 97.3 |
My Von Erl. USA Distribution LLC (i) | United States of America | Sale of e-vapour products in the US | 1013 Centre Road, Suite 403S, City of Wilmington, County of New Castle, 19805 Delaware, USA | 50 |
NITAF Limited, IL (i) | Nigeria | In liquidation | 28, Ground Floor, Ajasa Street, Off King George V Road, Onikan, Lagos, Nigeria | 50 |
Promotora Vascongada de Distribuciones SA | Spain | Distribution of published materials and other products in Biscay and Santander | C/ Guipúzcoa, 5, Polígono Industrial Lezama Leguizamón, 48450 Echevarri, Vizcaya, Spain | 60 |
Publicaciones y Libros SA | Spain | Publishing company | C/ Trigo, 39 – Polígono Industrial Polvoranca, Leganés, Madrid, 28914, Spain | 60 |
Puro Tabaco SA (i) | Argentina | Distribution of Cuban cigars in Argentina and Chile | Lavalle 445, Piso 1, Buenos Aires, Argentina | 50 |
Reemtsma Kyrgyzstan OJSC (i) | Kyrgyzstan | Manufacture and sale of tobacco products in Kyrgyzstan | 249 Ibraimov Street, Bishkek, Kyrghyz Republic, 720011, Kyrgyzstan | 98.6 |
S3T Pte Ltd (i) | Singapore | Holding investments in subsidiary companies | 80 Robinson Road, #02-00, 068898, Singapore | 51 |
SACIMEM SA (i) | Madagascar | Manufacture of cigarettes in Madagascar | 110 Antsirabe – Madagascar, Route d’Ambositra, BP 128, Madagascar | 65.4 |
SITAB Industries SA (i) | Cote D’Ivoire | Manufacture of cigarettes in Cote D’Ivoire | Rue de I’Industrie – Lot No 19, 01 – BP 607, Bouake, Cote d’Ivoire | 80.5 |
SITAR Holding SAS | France (La Réunion Island) | Holding investments in subsidiary companies | Z.I n2, B.P. 256, 97457 Saint Pierre, IIe de La Réunion, France | 98.6 |
Société Africaine d’Impression Industrielle SA (i) | Senegal | Manufacture and distribution of cigarettes in Senegal | route de Bel Air – Km 2200, Dakar, Senegal | 99.8 |
Société Allumettiere Française SAS | France | Manufacture and distribution of cigarettes | Inmeuble Le Bristol, 27 Avenue des Murs du Parc, 94300 Vincennes, France | 60 |
Société de Distribution Sénégalaise SA (i) | Senegal | In liquidation | Bld Felix Eboue, Dakar, Senegal | 97.5 |
Société des Cigarettes Gabonaises SA (i) | Gabon | In liquidation | 2381 bld Léon MBA, BP 2175, Libreville, Gabon | 87.8 |
Société Industrielle et Agricole du Tabac Tropical SA (i) | Congo | Manufacture and distribution of cigarettes in Congo | Avenue de la Pointe Hollandaise, Mpila, BP 50, Brazzaville, Congo | 89.7 |
Société Ivoirienne des Tabacs SA (i) (iii) | Cote D’Ivoire | Manufacture and distribution of cigarettes in Ivory Coast | Cocody-Nord, Quartier Gendarmerie, TF 5937, 01 B.P. 724, Abidjan | 74.1 |
Société Marocaine des Tabacs SA | Morocco | Manufacture and distribution of cigarettes in Morocco | Boulevard La Corniche, Anfa Place, Immeublep Bureaux Batiments Ousst, Casablanca, 20180, Morocco | 99.9 |
SOCTAM SA (i) | Madagascar | Manufacture and distribution of cigarettes in Mali | 15 Rue Geoges V, Mahajanga, Madagascar | 50.5 |
Supergroup SAS | France | Wholesale of tobacco products | Inmeuble Le Bristol, 27 Avenue des Murs du Parc, 94300 Vincennes, France | 60 |
T2 Gran Canaria SA | Spain | Pharmaceutical products logistics in Canary Islands | C/ Entreríos Nave 3; Las Palmas de Gran Canaria, 35600, Spain | 60 |
Top Cigars Corporation LLC (i) | Russia | Distributor of Habanos in Russia | Dimitrovskoe shosse 167, 127204 Moscow, Russian Federation | 50 |
Universal Brands, S.A. | Spain | Trademark owner | Calle Antonio Maura número 9, Madrid, 28014, Spain | 93.3 |
Von Erl. Gmbh (i) | Austria | Sale of e-vapour products in the US and Europe | Alte Landstrasse 27, 6060 Hall in Tirol, Austria | 50 |
Von Erl. USA LLC (i) | United States of America | Holding investments in subsidiary companies | 54 Merion Road, PO Box 72, Dover, 19904 Delaware, USA | 50 |
Von Erl. USA Production LLC (i) | United States of America | Sale of e-vapour products in the US | 1013 Centre Road, Suite 403S, City of Wilmington, County of New Castle, 19805 Delaware, Universal | 50 |
Xinet SA (i) | Uruguay | Distribution of Cuban cigars in Uruguay | Ciudadela 1373, Montevideo, Uruguay | 50 |
List of Significant Subsidiaries
Registered in England and Wales, Fully Owned
Subsidiary Name [2]:130-131 | Principal activity [2]:130-131 | Registered address [2]:130-131 |
---|---|---|
Attendfriend Limited | Dormant | 121 Winterstoke Road, Bristol, BS3 2LL, England |
British Tobacco Company Limited | Dormant | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Congar International UK Limited | Dormant | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Fontem UK Limited | In liquidation | BDO LLP, Two Snowhill, Birmingham, B4 6GA, England |
Imperial Brands Enterprise Finance Limited | Provision of treasury services to other Group companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Brands Finance PLC | Provision of treasury services to other Group companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Investments Limited | Dormant | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Altadis Limited | Provision of finance to other Group companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Capital Assets (1) | Provision of finance to other Group companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Capital Assets (2) | Provision of finance to other Group companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Capital Assets (3) | Provision of finance to other Group companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Capital Assets (4) | Dormant | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Group Limited | Dormant | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Holdings (1) Limited (iv) | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Holdings (2007) Limited (iv) | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Holdings Limited | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Initiatives | Provision of finance to other Group companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco International Limited | Export and marketing of tobacco products | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Lacroix Limited | Provision of finance to other Group companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Limited | Manufacture, marketing and sale of tobacco products in the UK | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Overseas (Polska) Limited | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Overseas Holdings (1) Limited (viii) | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Overseas Holdings (2) Limited | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Overseas Holdings (3) Limited | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Overseas Holdings Limited | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Overseas Limited (x) | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Pension Trustees (Burlington House) Limited | Dormant | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Imperial Tobacco Pension Trustees Limited (iv) | Dormant | 121 Winterstoke Road, Bristol, BS3 2LL, England |
ITG Brands Limited | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Joseph & Henry Wilson Limited | Licensing rights for the manufacture and sale of tobacco products | 121 Winterstoke Road, Bristol, BS3 2LL, England |
La Flor de Copan UK Limited | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Park Lane Tobacco Company Limited | Dormant | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Rizla UK Limited | Entity ceased trading | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Sinclair Collis Limited (iv) | Distributor of tobacco products in England, Scotland and Wales | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Tabacalera de Garcia UK Limited | Holding investments in subsidiary companies | 121 Winterstoke Road, Bristol, BS3 2LL, England |
Incorporated Overseas (Wholly Owned)
Subsidiary Name[2]:131-137 | Country[2]:131-137 | Principal activity[2]:131-137 | Registered address[2]:131-137 |
---|---|---|---|
800 JR Cigar Inc | United States of America | Holding investments in subsidiary companies | 301 Route 10 East, Whippany, New Jersey, 07981, USA |
Altadis Canarias SAU (ii) | Spain | Marketing and sale of tobacco products in the Canary Islands | Parque Empresarial Cristalia, Vía de los Poblados, 3, Edificio 7/8, Madrid, 28033, Spain |
Altadis Emisiones Financieras SAU | Spain | Provision of finance to Altadis SA and its subsidiaries | Parque Empresarial Cristalia, Vía de los Poblados, 3, Edificio 7/8, Madrid, 28033, Spain |
Altadis Holdings USA Inc | United States of America | Holding investments in subsidiary companies | 5900 North Andrews Avenue, Ste. 1100, Fort Lauderdale, FL, 33309, USA |
Altadis Luxembourg SA | Luxembourg | Holding investments in subsidiary companies | Luna ArenA, Herikerbergweg 238, 1101 CM Amsterdam, Netherlands |
Altadis Management Services Corporation | United States of America | Trademark service company | 5900 North Andrews Avenue, Ste. 1100, Fort Lauderdale, FL, 33309 USA |
Altadis Mayotte SAS | France, Mayotte Island | Sales and distribution of tobacco products in Mayotte Island | C/o SOMACO, BP 15 – Mamoudzou, 97600, Mayotte |
Altadis Middle East FZCO | United Arab Emirates | Sales and marketing of tobacco products in the Middle East | P.O. Box. No. 261718, Jebel Ali Free Zone, Dubai, 261718, United Arab Emirates |
Altadis Ocean Indien SAS | France (La Réunion Island) | Sales and distribution of tobacco products in La Réunion Island | ZI n° 2 – BP 256 – 97457 Saint Pierre Cedex, La Réunion |
Altadis Retail Corporation | United States of America | Trademark owner | 300 Delaware Avenue, Ste. 1230, Wilmington, DE, 19801, USA |
Altadis S.A.U. | Spain | Manufacture, sales and distribution of tobacco products in Spain | Parque Empresarial Cristalia, Vía de los Poblados, 3, Edificio 7/8, Madrid, 28033, Spain |
Altadis Shade Company LLC | United States of America | Manufacture and sale of tobacco products in the USA | 217 Shaker Road, Somers, CT, 06071, USA |
Altadis USA Inc | United States of America | Manufacture and sale of cigars in the USA | 5900 North Andrews Avenue, Ste. 1100, Fort Lauderdale, FL, 33309, USA |
Association pour la Recherche sur les Nicotianées (ARN) | France | Research and development | 48 rue Danton, Fleury-les-Aubrais, 45404, France |
Athena IP Vermogensverwaltungs GmbH | Germany | Davidoff cigarette trademark owner | Max-Born-Straße 4, Hamburg, 22761, Germany |
Badische Tabakmanufaktur Roth-Händle GmbH | Germany | Trademark owner | Max-Born-Straße 4, Hamburg, 22761, Germany |
Cacique, SA – Comércio, Importaçao e Exportaçao | Brazil | Dormant | Rua Marechal Deodoro, 690 – Centro Arapiraca, Alagoas, Brazil |
Casa Blanca Inc | United States of America | Restaurant | 301 Route 10 East, Whippany, New Jersey, 07981, USA |
Casa de Montecristo Inc | United States of America | Retail | Corporation Service Company, 2711 Centerville Road, Suite 400, City of Wilmington, County of New Castle, DE, 19808, USA |
Casa de Montecristo FL LLC | United States of America | Retail | CT Corporation Systems, 1200 South Pine Island Road Plantation, Florida, 33324, USA |
Casa de Montecristo TN LLC | United States of America | Retail | C T Corporation System, 800 S. Gay Street, Suite 2021, Knoxville, TN 37929, USA |
Casa de Montecristo TX LLC | United States of America | Retail | Corporate Service Company, 211 E. 7th Floor, Suite 260, Austin, Texas, TX 78701, USA |
CBHC Inc | United States of America | Dormant | 5900 North Andrews Avenue, Ste. 1100, Fort Lauderdale, FL, 33309, USA |
Cigar Savor Enterprises LLC | United States of America | Manufacture of tobacco products | 5900 North Andrews Avenue, Ste. 1100, Fort Lauderdale, FL, 33309, USA |
Commonwealth Brands Inc | United States of America | Manufacture and sale of tobacco products in the USA | 5900 North Andrews Avenue, Ste. 1100, Fort Lauderdale, FL, 33309, USA |
Commonwealth-Altadis, Inc | United States of America | Sales and distribution of tobacco products in the USA | 5900 North Andrews Avenue, Ste. 1100, Fort Lauderdale, FL, 33309, USA |
Congar International Corp (Delaware) | United States of America | Manufacturing and distribution of mass market cigars | Road 14, Km. 72.2, Ave. Antonio R. Barcelo, Cayey, DE, PR 00736, USA |
Connecticut Shade Corporation | United States of America | Holding investments in subsidiary companies | 1013, Centre Road, Wilmington, New Castle, DE, 19805, USA |
Consolidated Cigar Holdings Inc (vii) | United States of America | Holding investments in subsidiary companies | 5900 North Andrews Avenue, Ste. 1100, Fort Lauderdale, FL, 33309, USA |
Coralma International SAS | France | Holding investments in subsidiary companies | 143 bd Romain Rolland, Cedex 14, Paris, 75685, France |
Cuban Cigar Brands BV (v) | Netherlands Antilles | Trademark owner | N.V. Fides, 15 Pietermaai, Curaçao, Netherlands Antilles |
Direct Products Inc (Inactive) | United States of America | Holding investments in subsidiary companies | 5900 North Andrews Avenue, Ste. 1100, Fort Lauderdale, FL, 33309, USA |
Dunkerquoise des Blends SAS | France | Tobacco processing | 143 bd Romain Rolland, Cedex 14, Paris, 75685, France |
East Side Cigar, Inc | United States of America | Production and distribution of cigars | Corporate Service Company, 80 State St, Albany, NY12207-2543, USA |
Ets L Lacroix Fils NV/SA | Belgium | Manufacture and sale of tobacco products in Belgium | Sint-Bavostraat 66, 2610 Wilrijk, Belgium |
Fontem (Beijing) Technology Solutions Limited (i) | People’s Republic of China | Research and development | Units 701 and 702, Level 7, No 15 Southern Jiaodaokou Avenue, Dongcheng District, Beijing, China |
Fontem Holdings 1 B.V. | The Netherlands | Holding investments in subsidiary companies | 12th Floor, Barbara Strozzilaan 101, Amsterdam, 1083 HN, Netherlands |
Fontem Holdings 2 B.V. | The Netherlands | Holding investments in subsidiary companies | 12th Floor, Barbara Strozzilaan 101, Amsterdam, 1083 HN, Netherlands |
Fontem Holdings 3 B.V. | The Netherlands | Holding investments in subsidiary companies | 12th Floor, Barbara Strozzilaan 101, Amsterdam, 1083 HN, Netherlands |
Fontem Holdings 4 B.V. | The Netherlands | Holding investments in subsidiary companies | 12th Floor, Barbara Strozzilaan 101, Amsterdam, 1083 HN, Netherlands |
Fontem Holdings B.V. | The Netherlands | Holding investments in subsidiary companies | 12th Floor, Barbara Strozzilaan 101, Amsterdam, 1083 HN, Netherlands |
Fontem International GmbH | Germany | Holding investments in subsidiary companies | Max-Born-Straße 4, Hamburg, 22761, Germany |
Fontem US, Inc. | United States of America | Sales and marketing of tobacco products in the US | Suite 350, 1100 South Tryon Road, Charlotte, NC28203, USA |
Fontem Ventures B.V. | The Netherlands | Holding investments in subsidiary companies | 12th Floor, Barbara Strozzilaan 101, Amsterdam, 1083 HN, Netherlands |
Huotraco International Limited | Cambodia | Production and marketing of tobacco products | No 299, Preah Ang Duong Street, Sangkat Wat Phnom, Khan Daunh Penh, Phnom Penh, Cambodia |
Imperial Brands Finance France SAS | France | Provision of finance to other Group companies | 143 bd Romain Rolland, Cedex 14, Paris, 75685, France |
Imperial Nominees Limited (ii) | New Zealand | Trustee Company | 124-130, Richmond Street, Petone, Wellington, New Zealand |
Imperial Tobacco (Asia) Pte. Ltd., | Singapore | Trading of tobacco related products | 80 Robinson Road, #02-00, 068898, Singapore |
Imperial Tobacco (Beijing) Limited (i) | People’s Republic of China | In liquidation | Rm. 305 D-3F, Vantone Center, Jia No. 6 Chaowai Street, Chaoyang District, Beijing, PRC 100020, China |
Imperial Tobacco Australia Holdings B.V. | The Netherlands | Holding investments in subsidiary companies | Slachtedijk 28a, 8501 ZA, Joure, Netherlands |
Imperial Tobacco Australia Limited | Australia | Sales and marketing of tobacco products in Australia | John Player Special House, Level 4, 4-8 Inglewood Place, Baulkham Hills, NSW 2153, Australia |
Imperial Tobacco Austria Marketing Service GmbH | Austria | Marketing of tobacco products in Austria | Schulhof 6, A-1010 Vienna, Austria |
Imperial Tobacco BH doo (i) | Bosnia-Herzegovina | Marketing and distribution of tobacco products in Bosnia | Sarajevo, ul Adema Buce 102, Bosnia |
Imperial Tobacco Brasil Comércio de Produtos de Tabaco Ltda. | Brazil | Co-ordinating and monitoring of WEST licence productions and distribution of tobacco products | 5th andar (floor), Av. Brig. Faria Lima 3.729, itaim Bib, Sao Paolo, 04538-905, Brazil |
Imperial Tobacco Bulgaria EOOD (i) | Bulgaria | Manufacture and sale of tobacco products in Bulgaria | 15 Henrih Ibsen str, Floor 4, Office 4, Sofia, 1407, Bulgaria |
Imperial Tobacco China Limited (i) | People’s Republic of China | In liquidation | Colombo 1 & Colombo 2, No 233 Tai Cang Road, Platinum Tower, Shanghai, 200020, China |
Imperial Tobacco CR s.r.o. | Czech Republic | Sales and marketing of tobacco products in the Czech Republic | Radlicka 14, Prague 5, 150 00, Czech Republic |
Imperial Tobacco Denmark ApS | Denmark | Distribution of tobacco products in Denmark and Greenland | Lyskaer 3 CD, 2730 Herlev, Denmark |
Imperial Tobacco Distribution EOOD (i) | Bulgaria | Marketing and distribution of tobacco products in Bulgaria | 15 Henrih Ibsen str, Floor 4, Office 4, Sofia, 1407, Bulgariak |
Imperial Tobacco Distribution Romania srl | Romania | Marketing and distribution of tobacco products in Romania | Nicolae Canea Street no. 140-160, EOS Business Park, 1st Floor North, 2nd District, Bucharest, Romania |
Imperial Tobacco EFKA Management GmbH | Germany | Manufacture of tobacco products in Germany | Max-Born-Straße 4, Hamburg, 22761, Germany |
Imperial Tobacco España, S.L.U. | Spain | Holding investments in subsidiary companies | C/Via de los Poblados, 3 Edif. 7-8, Plantas 3a y 4a, Madrid, 28033, Spain |
Imperial Tobacco Estonia OÜ | Estonia | Sales of tobacco products | Valge 13, 11145, Tallinn, Estonia |
Imperial Tobacco Finland Oy | Finland | Sales and marketing of tobacco products in Finland | Poikluomantie 1-3, Piispanristi, 20760, Finland |
Imperial Tobacco Germany Finance GmbH | Germany | Holding investments in subsidiary companies | Max-Born-Straße 4, Hamburg, 22761, Germany |
Imperial Tobacco Hellas S.A. | Greece | Sales and marketing of tobacco products in Greece | 300 Klisthenous Str, 15344 Gerakas, Attikis, Athens, Greece |
Imperial Tobacco Holdings (Netherlands) B.V. | The Netherlands | Provision of finance to other Group companies | Slachtedijk 28a, 8501 ZA, Joure, Netherlands |
Imperial Tobacco Holdings International B.V. | The Netherlands | Provision of finance to other Group companies | Slachtedijk 28a, 8501 ZA, Joure, Netherlands |
Imperial Tobacco Ireland Unlimited Company (v) | Ireland | Provision of finance to other Group companies | 6th Floor, 2 Grand Canal Square, Dublin 2, Ireland |
Imperial Tobacco Italia S.r.l. | Italy | Sales and marketing of tobacco products in Italy | Via Luca Passi 22, Roma, 00166, Italy |
Imperial Tobacco Italy S.r.l., | Italy | Holding investments in subsidiary companies | Via Luca Passi 22, Roma, 00166, Italy |
Imperial Tobacco Japan Kabushiki Kaisha | Japan | Sales and marketing of tobacco products in Japan | 5-12-7 Shirokane dai, M6 Shirokane dai Building, Minato-ku, Tokyo, Japan |
Imperial Tobacco Kyrgyzstan LLC (i) | Kyrgyzstan | Marketing and distribution of tobacco products in Kyrgyzstan | 3 Floor, Prime Business Park, 100/2 Furmanov Str, Medeuskiy District, Almaty, 050000, Kazakhstan |
Imperial Tobacco Magyarország Dohányforgalmázo Kft (Imperial Tobacco Hungary) | Hungary | Sales and marketing of tobacco products in Hungary | Váci út 141, 1138, Budapest, Hungary |
Imperial Tobacco Management (1) Limited | Guernsey | Holding investments in subsidiary companies | 1st & 2nd Floors, Elizabeth House, Les Ruettes Brayes, St Peter Port, GY1 1EW, Guernsey |
Imperial Tobacco Management (2) Limited | Guernsey | Holding investments in subsidiary companies | 1st & 2nd Floors, Elizabeth House, Les Ruettes Brayes, St Peter Port, GY1 1EW, Guernsey |
Imperial Tobacco Management Luxembourg sarl | Luxembourg | Holding investments in subsidiary companies | 56 Rue Charles Martel, L-2134, Luxembourg |
Imperial Tobacco Marketing Sdn Bhd | Malaysia | Trading of tobacco products | Symphony Corporatehouse SdnBhd, Level 8 Symphony House, Block D13, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia |
Imperial Tobacco Mullingar Unlimited Company | Ireland | Manufacture of fine cut tobacco in the Republic of Ireland | Dublin Road, Mullingar, Co. Westmeath, Ireland |
Imperial Tobacco New Zealand Limited | New Zealand | Manufacture and sale of tobacco products in New Zealand | 124-130, Richmond Street, Petone, Wellington, New Zealand |
Imperial Tobacco Norway AS | Norway | Sales and marketing of tobacco products in Norway | Ryensvingen 2-4, 0680, Oslo, Norway |
Imperial Tobacco Polska Manufacturing SA | Poland | Manufacture of tobacco products in Poland | Ul. Tytoniowa 2/6, Radom, 26-600, Poland |
Imperial Tobacco Polska S.A. | Poland | Manufacture and sale of tobacco products in Poland | Jankowice, ul. Przemyslowa 1, Pl-62-080, Tarnowo-Podgome, Poland |
Imperial Tobacco Portugal SSPLC | Portugal | Advertising and support management | 144, 7 DT, Avenida da Liberdade, Lisbon, Portugal |
Imperial Tobacco Sales & Marketing LLC | Russia | Sales and marketing of tobacco products in Russia | Degtjarnyi pereulok 4-1, 125009 Moskau, Russian Federation |
Imperial Tobacco SCG doo Beograd (i) | Serbia | Marketing and distribution of tobacco products in Serbia | PC VSCE, Bulevar Mihajla Pupina 6/XII Floor, Belgrade, 11070, Serbia |
Imperial Tobacco Sigara ve Tutunculuck Sanayi Ve Ticaret A.S. | Turkey | Manufacture of tobacco products in Turkey | Halide Edip Adivar Mahallesi, Darülaceze Cad. No:3, Akin Plaza Kat 7, Sisli, Istanbul, 34382, Turkey |
Imperial Tobacco Slovakia a.s. | Slovak Republic | Sales and marketing of tobacco products in the Slovak Republic | 7A Galvaniho, 824 53 Bratislava, Slovakia |
Imperial Tobacco South Africa S.A. | Panama | Provision of services to other Group companies | Regus Business Centre, River Park, River Lane, Mowbray, Cape Town, 7700, South Africa |
Imperial Tobacco Taiwan Co Limited | Taiwan | Sales and marketing of tobacco products in Taiwan | 14F, No 145, Sec 2, Jianguo N. Road, Taipei 104, Taiwan Province of China |
Imperial Tobacco Taiwan Manufacturing Company Limited | Taiwan | Manufacture of tobacco products in Taiwan | No 8 Cyunyi Road, Jhunan, MiaoLi County 350, Taiwan Province of China |
Imperial Tobacco Tutun Urunleri Satis Ve Pazarlama A.S. | Turkey | Sales and marketing of tobacco products in Turkey | Halide Edip Adivar Mahallesi, Darülaceze Cad. No:3, Akin Plaza Kat 7, Sisli, Istanbul, 34382, Turkey |
Imperial Tobacco Ukraine (i) | Ukraine | Sales and marketing of tobacco products in Ukraine | ul. Akademika Zabolotnogo, 35, 03026, Kiev, Ukraine |
Imperial Tobacco US Holdings BV | The Netherlands | Holding investments in subsidiary companies | Slachtedijk 28a, 8501 ZA, Joure, Netherlands |
Imperial Tobacco Volga LLC (i) | Russia | Manufacture of tobacco products in Russia | ul.Tomskaja 7, 400048 Volgograd, Russian Federation |
Imperial Tobacco West Africa SAS (i) | Cote D’Ivoire | Holding investments in subsidiary companies | Cocody-Nord, Quartier Gendarmerie, TF 5937, 01 B.P. 724 Abidjan |
Imperial Tobacco Yaroslavl CJSC (i) | Russia | Manufacture of tobacco products in Russia | 22, Pobedy St., 150040 Yaroslavl, 150040, Russian Federation |
Imperial Tobacco Zagreb doo (i) | Croatia | Marketing and distribution of tobacco related products in Croatia | Gradičanska 30, Zagreb, HR-10000, Croatia |
IMPTOB South Africa (Pty) Limited | South Africa | Provision of services to other Group companies | uite 107, Beacon Rock, 21 Lighthouse Road, Umhlanga 4319, South Africa |
International Marketing Promotional Services Limited | Nigeria | Sales and marketing and of tobacco products in Nigeria | 13 A, Dapo Solanke Close – Lekki Phase 1, Lagos, Nigeria |
ITB Corporation Limited | Bahamas | Trademark owner | Building of the Canadian Imperial Bank of Commerce, Shirley Street, Nassau, Bahamas |
ITG Brands Holdco LLC | United States of America | Holding investments in subsidiary companies | 714, Green Valley Road, Greensboro, NC 27408, USA |
ITG Brands, LLC | United States of America | Marketing and distribution of tobacco products in the USA | Corporate Service Company, 211 E. 7th Floor, Suite 260, Austin, Texas, TX 78701, USA |
ITG Holdings USA Inc (ix) | United States of America | Holding investments in subsidiary companies | C/o The Corporation Trust Co, 1209 Orange Street, City of Wilmington, County of Newcastle, DE 19801, USA |
ITI Cigars SRL | Spain | Holding investments in subsidiary companies | Parque Empresarial Cristalia, Vía de los Poblados, 3, Edificio 7/8, Madrid, 28033, Spain |
ITL Pacific (HK) Limited | Hong Kong | Manufacture and sale of tobacco and tobacco related products | Room 3907-09, 39th floor, Hopewell Centre, 183 Queens Road East, Wanchai, Hong Kong |
J & R Tobacco (New Jersey) Corp | United States of America | Sales of tobacco and tobacco related products | 301 Route 10 East, Whippany, New Jersey, 07981, USA |
JAW-Invest Oy | Finland | Trademark owner | Poikluomantie 1-3, Piispanristi, 20760, Finland |
John Player & Sons Limited | Ireland | Sales and marketing of tobacco products in the Republic of Ireland | 21, Beckett Way, Park West, Nangor Road, Dublin, 12, Ireland |
John Player Ireland Pension Trustee Limited | Ireland | Trustee Company | 21, Beckett Way, Park West, Nangor Road, Dublin, 12, Ireland |
JR Cigar (DC) Inc | United States of America | Sales of tobacco and tobacco related products | 301 Route 10 East, Whippany, New Jersey, 07981, USA |
JR Cigars.com, Inc. | United States of America | Sales of tobacco and tobacco related products | 405 East Market Street, P.O. Drawer 1960, Smithfield, North Carolina, 27577, USA |
JR Mooresville, Inc | United States of America | Sales of tobacco and tobacco related products | 405 East Market Street, P.O. Drawer 1960, Smithfield, North Carolina, 27577, USA |
JR Tobacco NC, Inc | United States of America | Sales of tobacco and tobacco related products | 405 East Market Street, P.O. Drawer 1960, Smithfield, North Carolina, 27577, USA |
JR Tobacco of America Inc | United States of America | Sales of tobacco and tobacco related products | 327, Hillsborough Street, Raleigh, NC, 27603, USA |
JR Tobacco of Burlington Inc | United States of America | Sales of tobacco and tobacco related products | 327, Hillsborough Street, Raleigh, NC, 27603, USA |
JR Tobacco of Michigan Inc | United States of America | Sales of tobacco and tobacco related products | 601, Abbott Road, East lansing, Ingham, MI, 48823, USA |
JR Tobacco Outlet Inc | United States of America | Sales of tobacco and tobacco related products | 301 Route 10 East, Whippany, New Jersey, 07981, USA |
JSNM SARL | France | Trademark owner | 143 bd Romain Rolland, Cedex 14, Paris, 75685, France |
La Flor de Copan SAS | France | Manufacture of cigars in Honduras | 320, Rue Saint-Honore, Paris, 75001, France |
Los Olvidados SRL | Dominican Republic | Manufacture and distribution of cigars | 129, Independencia Street, Santiago, 51000, Dominican Republic |
Max Rohr, Inc | United States of America | Trademark owner | 300 Delaware Avenue, Ste. 1267, Wilmington, DE,19801, USA |
MC Management, Inc. | United States of America | Provision of services to other Group companies | 301 Route 10 East, Whippany, New Jersey, 07981, USA |
Meccarillos France, SA | Luxembourg | Holding investments in subsidiary companies | Route Des Trois Cantons 9, 8399 Windhof, Luxembourg |
Meccarillos International, SA | Luxembourg | Holding investments in subsidiary companies | Route Des Trois Cantons 9, 8399 Windhof, Luxembourg |
Meccarillos Suisse, SA | Luxembourg | Holding investments in subsidiary companies | Route Des Trois Cantons 9, 8399 Windhof, Luxembourg |
Midtown Cigar, Inc. | United States of America | Sales of tobacco and tobacco related products | Corporate Service Company, 80 State St, Albany, NY12207-2543, USA |
Millennium Tobacco Unlimited Company | Ireland | Provision of finance to other Group companies | 21, Beckett Way, Park West, Nangor Road, Dublin, 12, Ireland |
Newglade International Unlimited Company | Ireland | Provision of finance to other Group companies | 6th Floor, 2 Grand Canal Square, Dublin 2, Ireland |
Philippine Bobbin Corporation | Philippines | Manufacture of tobacco related products | Cavite Economic Zone, Phase II, Rosario, Cavite, Philippines |
PT Reemtsma Indonesia | Indonesia | In liquidation | Pondok Indah Office Tower 3, 17th floor, JL Sultan Iskandar Mudakav V-TA, Pondok Indah, Jakarta 12310, Indonesia |
Real Club de Golf la Herrería S.A. | Spain | Management of golf course | CR. Robledo de Chavela, S/N. San Lorenzo del Escorial, Madrid, 28200, Spain |
REEMARK Gesellschaft für Markenkooperation mbH | Germany | Dormant | Max-Born-Straße 4, Hamburg, 22761, Germany |
Reemtsma Cigarettenfabriken GmbH | Germany | Manufacture and sale of tobacco products in Germany | Max-Born-Straße 4, Hamburg, 22761, Germany |
Robert Burton Associates Limited | United States of America | Marketing of papers in the US | 5900 North Andrews Avenue, Ste. 1100, Fort Lauderdale, Florida, FL 33309, USA |
Santa Clara Inc | United States of America | Distribution of cigars | 327, Hillsborough Street, Raleigh, NC, 27603, USA |
Skruf Snus AB | Sweden | Manufacture, marketing, sales of tobacco products in Sweden | Kungsgatan 12-14, Floor 7, Stockholm, SE-111 35, Sweden |
Société Centrafricaine de Cigarettes SA (i) | Central African Republic | Manufacture and distribution of cigarettes in Central African Republic | Rue David Dacko, BP 1446, Bangui, Central African Republic |
Société Centrafricaine de Distribution Sarl (i) | Central African Republic | Dormant | Avenue Boganda Pk4, Bangui, Central African Republic |
Société du Mont Nimba Sarl (i) | Guinea | Dormant | BP 3391, Conakry, Guinea |
Société Nationale d’Exploitation Industrielle des Tabacs et Allumettes SAS (SEITA) | France | Manufacture and sale of tobacco products in France, and export of tobacco products | 143 bd Romain Rolland, Cedex 14, Paris, 75685, France |
Société pour le Développement du Tabac en Afrique SAS | France | Purchasing company | 143 bd Romain Rolland, Cedex 14, Paris, 75685, France |
System Designed to Africa Sarl | Morocco | Distribution of tobacco products | Km 17, Route national de Rabat, Ain Harrouda, Morocco |
Tabacalera Brands Inc | United States of America | Trademark owner | 300 Delaware Avenue, Ste. 1267, Wilmington, DE 19801, USA |
Tabacalera Brands SLU | Spain | Holding investments in subsidiary companies | Parque Empresarial Cristalia, Vía de los Poblados, 3, Edificio 7/8, Madrid, 28033, Spain |
Tabacalera de Garcia Limited | Bermuda | Holding investments in subsidiary companies | Claredon House, 2 Church Street, Hamilton, HM 11, Bermuda |
Tabacalera de Garcia SAS | France | Manufacture of cigars in the Dominican Republic | 320, Rue Saint-Honore, Paris, 75001, France |
Tabacalera SLU | Spain | Holding investments in subsidiary companies | C/Via de los Poblados, 3 Edif. 7-8, Plantas 3a y 4a, Madrid, 28033, Spain |
Tabacalera USA Inc | United States of America | Holding investments in subsidiary companies | Corporation Service Company, 2711 Centerville Road, Suite 400, City of Wilmington, County of New Castle, DE, 19808, USA |
Tahiti Tabacs SASU | France, Papeete (Tahiti) | Distribution of tobacco products in Denmark and Greenland | PK 4, 300 Côté mer, 98701 Arue, BP 20692 Papeete, French Polynesia |
Tobacco Products Fulfillments, Inc. | United States of America | Fulfilment services | PK 4, 300 Côté mer, 98701 Arue, BP 20692 Papeete, French Polynesia |
Tobaccor SAS (v) | France | Holding investments in subsidiary companies | 143 bd Romain Rolland, Cedex 14, Paris, 75685, France |
Tobačna 3DVA, trgovsko podjetje, d.o.o. | Slovenia | Retail of products in Slovenia | Cesta 24., junija 90, SI 1231 Ljubljana – Ĉrnuče, Slovenia |
Tobačna Grosist d.o.o. | Slovenia | Marketing and distribution in Slovenia | Cesta 24., junija 90, SI 1231 Ljubljana – Ĉrnuče, Slovenia |
Tobačna Ljubljana d.o.o. (v) | Slovenia | Sales and marketing tobacco products in Slovenia | Cesta 24., junija 90, SI 1231 Ljubljana – Ĉrnuče, Slovenia |
Tobamark International SA | France | Trademark owner | 143 bd Romain Rolland, Cedex 14, Paris, 75685, France |
Urex Inversiones SA | Spain | Holding investments in subsidiary companies | Parque Empresarial Cristalia, Vía de los Poblados, 3, Edificio 7/8, Madrid, 28033, Spain |
Van Nelle Canada Limited (vii) | Canada | Import and distribution of tobacco and tobacco related products in Canada | Suite 200, 389 Connell Street, Woodstock, NB, E7M 5G5, Canada |
Van Nelle Tabak Nederland B.V. (x) | The Netherlands | Manufacture and sale of tobacco products in the Netherlands | Slachtedijk 28a, 8501 ZA, Joure, Netherlands |
Van Nelle Tobacco International Holdings B.V. | The Netherlands | Sale of tobacco and tobacco related products | Slachtedijk 28a, 8501 ZA, Joure, Netherlands |
West Park Tobacco Inc. | United States of America | Purchase company for USA tobaccos | c/o CT Corporation System, 4701 Cox Road, Ste 301,Glen Allen/Richmond, VA 23060-6802, USA |
Government Ownership of Philip Morris International
In Lao, the government owns 47 percent of the Lao Tobacco Company. The remaining 53 percent is owned by Imperial Tobacco Group. [12]
Forecast
In February 2021, Imperial Brands laid out a five-year plan, led by its new chief executive Stefan Bomhard, to focus on the company’s top five cigarette markets. [13] Imperial Brands will target cigarette sales in the UK, Spain, Germany, Australia and the US, which make up roughly 72 per cent of profits from combustible tobacco. [14]
Imperial Brands is raising GBP 2 billion through asset sales and has adopted a more flexible dividend policy. [15]
Imperial Brands and British American Tobacco 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. [16] Imperial reported net revenue increase by 2.2 percent in 2019, driven by growth in tobacco and NGP. [17]
In September 2018, Reuters reported Imperial Brands expects alternatives to smoking such as vaping pens and a heated tobacco device to add up to 1.5 billion pounds to its revenues by 2020. Imperial has estimated the e-cigarette market could exceed USD 30 billion by 2020, up from around USD 4 billion in 2018. [18]
Profitability
In 2019, tobacco net revenue was up 1.1 percent, while total adjusted operating profit declined 2.4 per cent. [19]
According to Imperial's website, Priority Growth Markets are characterised by large profit and/or volume pools with shares below 15 per cent and a real potential for long-term share and profit growth. The website lists the following countries: Italy, Japan, Russia, Saudi Arabia. [20]
Imperial has relatively large shares in Returns Markets, mostly above 15 percent. The focus is on managing strong positions in these markets, whilst driving sustainable profit growth. Priority Returns Markets include Australia, France,United Kingdom, Germany, Spain. [20]
Annual Trends
Tobacco Segment
(in millions GBP) |
2019 [21] | 2018 [21] | 2017 [2]:91 | 2016 [22]:90 | 2015 [23]:85 | 2014 (Restated) [23]:85 | 2014 [24]:83 |
---|---|---|---|---|---|---|---|
Net revenue | 7,713 | 7,510 | 7,757 | 7,167 | 6,251 | 6,421 | 6,576 |
Operating profit | 2,197 | 2,407 | 2,199 | 2,126 | 1,910 | 1,925 | 1,970 |
Tobacco & NGP adjusted operating profit | 3,531 | 3,557 | 3,595 | 3,360 | 2,895 | 2,805 | 2,850 |
Profits Per Reportable Segments (prior 2018)
Growth Markets
Growth Markets
(in millions GBP) |
2017 [2]:91-92 | 2016 [22]:90-91 | 2015 [23]:85-86 | 2014 (Restated) [23]:85-86 | 2014 [24]:83 | 2013 [25]:98-99 |
---|---|---|---|---|---|---|
Total revenue | 3,665 | 3,137 | 3,019 | 3,192 | 3,893 | 4,303 |
External revenue | 3,602 | 3,085 | 2,970 | 3,145 | 3,846 | 4,253 |
Tobacco Net Revenue | 1,768 | 1,568 | 1,449 | 1,513 | 2,113 | 2,254 |
Returns Markets North
Returns Markets North
(in millions GBP) |
2017 [2]:91-92 | 2016 [22]:90-91 | 2015 [23]:85-86 | 2014 (Restated) [23]:85-86 | 2014 [24]:83 | 2013 [25]:98-99 |
---|---|---|---|---|---|---|
Total revenue | 13,533 | 12,537 | 12,332 | 12,939 | 12,939 | 13,527 |
External revenue | 13,503 | 12,504 | 12,303 | 12,915 | 12,915 | 13,506 |
Tobacco Net Revenue | 2,755 | 2,645 | 2,649 | 2,801 | 2,801 | 2,929 |
Returns Markets South
Returns Markets South
(in millions GBP) |
2017 [2]:91-92 | 2016 [22]:90-91 | 2015 [23]:85-86 | 2014 (Restated) [23]:85-86 | 2014 [24]:83 | 2013 [25]:98-99 |
---|---|---|---|---|---|---|
Total revenue | 2,463 | 2,274 | 2,245 | 2,497 | 2,824 | 3,051 |
External revenue | 1,748 | 1,598 | 1,576 | 1,753 | 2,080 | 2,222 |
Tobacco Net Revenue | 1,569 | 1,477 | 1,446 | 1,600 | 1,662 | 1,824 |
USA
USA
(in millions GBP) |
2017 [2]:91-92 | 2016 [22]:90-91 | 2015 [23]:85-86 | 2014 (Restated) [23]:85-86 |
---|---|---|---|---|
Total revenue | 3,125 | 2,942 | 1,415 | 873 |
External revenue | 3,125 | 2,942 | 1,415 | 873 |
Tobacco Net Revenue | 1,665 | 1,477 | 707 | 507 |
Acquisitions
Recent acquisitions | Acquired Organization Name | Acquiring Organization Name | Announced Date | Value
(in USD) |
---|---|---|---|---|
Nerudia acquired by Imperial Brands [26] | Nerudia | Imperial Brands | 1/11/2017 | 0.00 |
Rizla acquired by Imperial Brands [26] | Rizla | Imperial Brands | 22/01/1997 | 0.00 |
Barjan - Mistic Electronic Cigarettes Brand acquired by Imperial Brands [26] |
Barjan - Mistic Electronic Cigarettes Brand |
Imperial Brands | 12/11/2012 | 0.00 |
Reemtsma Cigarettenfabriken GmbH acquired by Imperial Brands [26] | Reemtsma Cigarettenfabriken GmbH | Imperial Brands | 1/01/2003 | 0.00 |
Davidoff acquired by Imperial Brands | Davidoff | Imperial Brands | 1/08/2006 | 739 million |
Name | Number of ordinary shares | Percentage of issued share capital |
---|---|---|
Barrow Hanley Mewhinney & Strauss LLC [27] | 13,535,355 | 1.42 |
Schafer Cullen Capital Management Inc [27] | 2,094,950 | 0.22 |
Imperial Brands has recently invested in a cannabis-focused biotech company that is researching how compounds in cannabis can be turned into medicine. [28] Imperial Brands signed a CAD 123-million investment deal with Auxly Cannabis Group that includes a research and development partnership. [29] Auxly Cannabis Group announced the closing of a transaction with Imperial Tobacco Group plc in September. Imperial Brands invested CAD 123 million in Auxly. [30]
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 Imperial Brands sits at GBP 4.6 million. [31]
In 2017, Imperial Tobacco grew market share in Russia [2]:17 and Poland [2]:18. In 2016, Imperial Tobacco was the world’s fifth-largest international cigarette company based on market share. [5]
Emerging Markets
Growth or Emerging Markets are mainly large profit or volume pools where Imperial Market typically have market shares below 15 percent and where the total tobacco approach provides many opportunities for share and profit growth both now and in the future.[2]:91
Growth Markets include: Iraq, Norway, Russia, Saudi Arabia, Taiwan (also includes premium cigar and Fontem Ventures)[2]:91
Factory Openings and Closures
In January 2020, Imperial Tobacco announced a proposal to close its cigarette manufacturing facility in Petone, New Zealand. The potential closure follows a review of Imperial Tobacco’s global manufacturing footprint and reflects decreasing production volumes which have led to significant overcapacity. [32]
Imperial Tobacco Group met with Reidsville tobacco manufacturing facility employees in November 2018 to discuss plans to move operations to its Greensboro manufacturing facility. The tobacco company says all of its cigarette production will shift to the company's Greensboro facility by 2020. [33]
Year | Issue |
---|---|
2016 | Closure of the Logrono (GBP 108 million) and Mullingar (GBP 21 million) factories. [22]:92 |
2014 | Imperial Tobacco announced proposed closure of cigarette factories in Nottingham and Nantes. [24]:10 |
Dividends
The current price of Imperial Brands dividend is 1,261.00 GBP. [34]
Products
Key Portfolio
The company’s tobacco portfolio offers a range of papers and cigars, fine cut, smokeless tobaccos and cigarettes. Through their subsidiary Fontem Ventures, Imperial Brands is also strengthening their range of tobacco free smoking products, including the e-vapour brand blu. The tobacco brands of Imperial Brands are sold in 160 countries worldwide, including the United States where it has a market share of six percent with their ITG brands: Maverick, Winston and Kool, where each of them accounts for some two percent respectively. The share of the company’s revenue in the United States accounted for some 20.6 percent in 2016, amounting to about 1.5 billion USD in that year. [5]
Imperial Brands completed USD 1.44 Billion sale of Premium cigar business. The deal includes half of Cuba’s Habanos S.A., Tabacalera USA, Casa de Montecristo, JR Cigar, the world’s largest cigar factory and some of the world’s most famous cigar brands, including Montecristo and Romeo y Julieta. [35]
Imperial Brands set an April launch date for JPS Players Easy Rolling Tobacco in the United Kingdom, a new line of roll-your-own tobacco. [36]
Growth Brands [37]
- Davidoff
- Gauloises
- P&S
- News
- West
- Winston
- L&B
- Bastos
- JPS
- Fine
Specialist Brands[37]
- Gitanes
- Jade
- Habana
- Kool
- Rizzla
- blu
- Cohiba
- Montecristo
- Drum
- Golden Viginia
- skruf
- Backwoods
In January 2020, Imperial Tobacco launched Rizla Flavour Infusions, ahead of the menthol ban next year. The range includes two flavours – Menthol Chill and Fresh Mint – which are packed and wrapped separately so retailers can sell them individually at 25p each. [38]
Heated Tobacco Products
In 2019, overall net revenue of Imperial's 'Next Generation Products' business grew by 48 percent, led by the growth of vapour brand blu in Europe and Japan. Fontem Ventures has plans to make its e-cigarette blu available to smokers in China. [39] [17]:4
A press release sent out on October 3 2018 by ResearchandMarkets.com noted Imperial Brands, in partnership with China National Tobacco, established a joint venture, Global Horizon Ventures Limited (GHVL) focused on long-term earnings potential and competitive position in the growing smokeless tobacco market. [40] Imperial said it will debut its first heated-tobacco product Pulze in Japan. The company predicted that such smoking alternatives may add as much as 1.5 billion pounds (USD 2 billion) in revenue in 2020. [12]
Fontem US LLC, a subsidiary of Imperial Brands Plc, submitted a premarket tobacco application with the U.S. FDA for several styles of its myblu products. [41] In Summer 2018, Imperial launched a product called myblu, in reaction Juul's entry into the US market. [42] Imperial launched the myblu vaping devices into travel retail earlier in 2019 in partnership with Beirut Duty Free and is now planning to roll them out to other regions [43]
A 2014 report by Public Health England revealed that Imperial-owned cigarettes are sold in Lloyds and Boots pharmacies around the United Kingdom. This is against the advice of the Royal Pharmaceutical Society. In 2014, Lloyds Pharmacy began selling Vype and Boots pharmacies began selling Puritane, the e-cigarette brand owned by Imperial tobacco’s subsidiary Fontem. [44] In an investor presentation delivered in March, British American Tobacco said nearly 100,000 Vype devices were sold in Canada in 10 months. [45]
Volumes
Volumes (in billions stick equivalent) | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 (Restated) | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|
Group Volume | 244.2 [21] | 255.5 [21] | 265.2 [2]:15 | 276.5 [22]:13 | 285.1 [23]:9 | 294.0 [24]:8 | 294.0 [24]:8 | 317.0 [25]:6 |
Growth Brands Volume | NA | NA | 159.6 [2]:8 | 151.0 [22]:6 | 145.1 [23]:12 | 131.0 [24]:11 | 131.0 [24]:11 | 129.0 [25]:8 |
Asset Brand Net Revenue | 5,269 [21] | 4,977 [21] | NA | NA | NA | NA | NA | NA |
Growth Brands Volume (percent) | NA | NA | 60.2 | 54.7 | 50.9 | 44.6 | 44.6 | 40.7 |
Marketing and External Relations
Global Campaigns
Imperial Brands and its affiliated organisations use the following marketing campaigns and partnerships to promote its heated cigarettes (novel and emerging nicotine and tobacco products):
- European Citizens Initiative: Let’s demand smarter vaping regulations [46]
A 2018 investigation uncovered social media advertising campaigns from Imperial Brands reaching millions online, including in the United States. [47]
In 2014, an Imperial Tobacco ad campaign promoting a free-to-download app listing smoking-friendly bars and venues was banned by the Advertising Standards Authority for "normalising" and "condoning" smoking. Imperial Tobacco ran a series of poster ads under the name Smoke Spots, with no indication on the ads that the free app was provided by Imperial Tobacco. [48]
Events
In 2015, World Bank pulled out of the 12th Annual Asia Pacific Tax Forum, which was to be co-organized by a consortium funded by several transnational tobacco companies, including Imperial. [49]
Corporate Social Responsibility
Imperial Tobacco launched a new and improved anti-illicit trade website as part of its ‘Suspect it? Report it!’ trade campaign to "tackle illegal sales of tobacco". [50]
In March 2021, Imperial brands Madagascar has entered into a three-year partnership with the national government to fund the creation, operation and delivery of five large botanical parks. [51]
In May 2019, Imperial conducted a panel meeting of expert facilitators, people development specialists from different stakeholder groups, including retailers, banks, tobacco and vaping consumers, customers, employees, investors, media, non-governmental organisation, tobacco and NGP supplier, non-tobacco material supplier and two experts representing the environment and age-gating certification schemes. The panel meeting resulted in Imperial's Sustainability Strategy. Imperial has identified a number of ESG issues that represent the biggest risks or opportunities for its business: adult choice, business conduct, climate and energy, consumer health, farmer livelihoods and welfare, forestry, health and safety, human rights, illicit trade, recruitment and development, regulation, waste and water. [52]
In May 2014, Guardian reported Imperial Tobacco Group was amongst the companies purchasing tobacco grown in the United States. According to Guardian, these companies current approaches 'did not sufficiently protect children from hazardous work and some companies allow for lower standards of protection for children in their US supply chain than for children working on tobacco farms in other countries'.[53]
Imperial is a board member of the Eliminating Child Labour in Tobacco Growing Foundation (ECLT). [54] A report published in April 2018 by Human Rights Watch said there was widespread child labour in tobacco farms in Zimbabwe, where multinationals including Imperial buy tobacco. [55] The ECLT Board members include: International Tobacco Growers Association; Alliance One International; Altria Client Services; British American Tobacco; Contrax-Nicotex Tobacco; Hail & Cotton; Imperial Tobacco Group; Japan Tobacco International; Philip Morris International; Premium Tobacco; Scandinavian Tobacco Group; Sunel Ticaret Turk; Swedish Match; and Universal Leaf Tobacco. [56] 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. [57]
In 2015, Imperial Tobacco contributed GBP 57,000 to help tackle the Ebola outbreak in West Africa. [58]
Academic resource Tobacco Tactics provides an extensive overview of Imperial's 2014 Love Where You Live campaign here. [59]
In 2014, Imperial Tobacco Poland was presented with an award from the country's Business Centre Club, recognizing the significant contribution it makes to the nation’s economy. [60]
Sponsorship
The PETA International Science Consortium Ltd., Imperial Brands PLC, Altria Client Services, British American Tobacco (BAT) PLC, and Philip Morris International Inc have joined together to donate USD 110,000 worth of equipment that will help to replace the use of animals in respiratory testing with more human-relevant, non-animal test methods. [61]
Imperial Tobacco was one of the sponsors of the 2018 Middle East & Africa Duty Free Association (MEADFA) Conference was held in November 2018under the patronage of H.E. Mr. Saad Hariri, Lebanese President of the Council of Ministers, in Beirut, Lebanon. [62]
Marketing to Kids
A 2018 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. [63]
An investigation exposing how tobacco companies market cigarettes on social media around the world revealed Imperial Tobacco products were seen near schools in 22 countries. Despite the findings a spokesman for Imperial Brands said the company ensures:
"that our product and brand communications are not aimed at, or made appealing to, people under the age of 18 or non-smokers, and that we operate in accordance with local laws”. [64]
In the United States, investigations into Imperial Brands’ efforts to market to kids have uncovered an explosion of sweet flavored tobacco products, especially e-cigarettes and cigars. [65]
Political Spending
For a list of political contributions in the United States look here.
2016 | 2014 | 2012 | |
---|---|---|---|
Democrats [66] | 12,500 | 4,000 | 19,500 |
Republicans [66] | 27,900 | 74,000 | 75,200 |
Percentage Democrats [66] | 31 | 5 | 21 |
Percentage Republicans [66] | 69 | 95 | 79 |
Total [66] | 40,400 | 78,000 | 94,700 |
Chamber | Member | Amount
(in USD) [66] |
---|---|---|
Senate | Burr, Richard (R-NC) | 8,000 |
Senate | Scott, Tim (R-SC) | 5,000 |
Senate | Toomey, Pat (R-PA) | 3,500 |
Senate | Blunt, Roy (R-MO) | 2,500 |
Senate | Casey, Bob (D-PA) | 2,500 |
Senate | McConnell, Mitch (R-KY) | 2,500 |
Senate | Moran, Jerry (R-KS) | 2,500 |
House | Ellmers, Renee (R-NC) | 2,000 |
House | Guthrie, Brett (R-KY) | 1,500 |
House | Kelly, Mike (R-PA) | 1,000 |
House | Meehan, Patrick (R-PA) | 1,000 |
House | Murphy, Tim (R-PA) | 1,000 |
House | Boehner, John (R-OH) | (2,600) |
Reporting and Regulation
Investigations
New research co-authored by University of Bath details tax avoidance tactics used by the world’s four largest publicly-traded tobacco companies. British American Tobacco and Imperial Brands move large dividends and interest payments to holding companies in the United Kingdom. British American Tobacco and Imperial Brands UK subsidiaries have lowered their corporation tax burden by GBP 2.5-billion over the past decade. They have done this by offsetting losses made by one subsidiary against profit made by another. This is known as group relief. In this way, Imperial Brands was able to lower its UK corporate tax bill by an estimated GBP 1.8-billion over the past 10 years and British American Tobacco by an estimated GBP 760-million. [67]
In August 2019 a US House of Representatives committee asked e-cigarette manufacturers to hand over details about the health impacts of products. The energy and commerce committee wrote to Fontem Ventures, a subsidiary of Imperial Brands, Reynolds American, the US business of British American Tobacco, Japan Tobacco International and Juul. [68]
New Zealand MPs questioned Imperial Brand’s claim that they are not targeting new customers. In an inquiry into smoking in cars, MPs on the Health Select Committee questioned the company's integrity, after an Imperial Brands representative said the company is only looking to transition current smokers to vape products, claiming they are only concerned with "people who have tried absolutely everything and cannot quit." One MP pointed out that the company's website states tobacco maximisation as a core part of its strategy, seemingly contradicting the Imperial Brands’ representative’s claim. [69]
Tobacco Litigation
In December 2020, a group of tobacco farmers filed a claim in British courts, alleging that years of worker exploitation and child labor violations are among the real reasons for why two tobacco firms have been so profitable. The claims against British American Tobacco, Imperial Brands, and their parent companies and subsidiaries were filled in High Court in London.[70]
A full list of tobacco industry litigation cases can be found here.
According to Imperial's 2017 annual report, no tobacco litigation claim brought against the Imperial Group has been successful and/or resulted in the recovery of damages.[2]:27
In February 2018, Dutch prosecutors rejected an attempted murder case brought against the world's largest tobacco companies, including Philip Morris International, British American Tobacco, Japan Tobacco International and Imperial Tobacco by mother with lung cancer. [71]
Year | Country | Update |
---|---|---|
2006 | Italy | Imperial Tobacco is currently facing two claims in Italy. The first is against Logista, which is the subject of a challenge on grounds of jurisdiction and the admission of evidence. This challenge was heard in 2006 but judgment is still awaited. The second claim has been brought in the Court of Messina against Imperial Tobacco Italia and Reemtsma by two individuals claiming EUR800,000 in total. We have denied liability. [2]:50 |
2015 | Morocco | In June 2015, a claim was filed in the Casablanca Court by the heirs of a deceased individual against our Moroccan subsidiary,
Société Marocaine des Tabacs. The total amount of compensation sought was not specified. On 9 February 2016, the Casablanca Court found in favour of SMT and dismissed the claim. No appeal has been filed. [2]:50 |
NA | Argentina | Imperial Tobacco subsidiary, Société Nationale d’Exploitation Industrielle des Tabacs et Allumettes SAS (SEITA), has been notified of a claim filed in the Court of Buenos Aires against Nobleza Piccardo by an individual smoker. Nobleza Piccardo has denied liability. Nobleza Piccardo manufactures and distributes two brands of cigarettes owned by SEITA in Argentina under the terms of a Licence Agreement. Nobleza Piccardo has sought to invoke an indemnity contained in the Licence Agreement, pursuant to which SEITA is responsible for any product liability to third parties. The amount claimed is ARS 8,980,200. The claim is currently in the evidence production period, during which all expert and witness evidence will be produced. [2]:50 |
2016 | Russia | In August 2016, a claim was filed in the Russian Court against 18 tobacco companies including JSC Imperial Tobacco Yaroslavl by an individual claiming RUB 523,480,297 and other amounts related to the profits of the defendants. Imperial was notified of the claim by the Russian Court in February 2017. The claim was dismissed in full at a hearing in April 2017. The claimant appealed the decision. The appeal was heard on 18 July 2017 by Moscow Court’s Judicial Panel for Civil Cases. The appeal was dismissed in full and the claimant has until 18 January 2018 to appeal the decision. [2]:50 |
NA | The Netherlands | Reports in the public media indicate that a complaint has been lodged with the Public Prosecutor in the Netherlands directed at the four major tobacco manufacturers, including Imperial Tobacco Benelux. Neither Imperial Tobacco Benelux nor any of its employees has been charged by the Public Prosecutor in the Netherlands, but we are monitoring developments. [2]:50 |
2017 | Poland | On 9 October 2017, Imperial Tobacco Polska SA (“Imperial Polska”) received notice that a claim has been filed against it in the
Regional Court in Poznań by an individual claiming PLN 1,000,000 by way of compensation for alleged smoking related health effects. Imperial Polska has not yet filed a Statement of Defence but it intends to deny liability. [2]:50 |
2016 | United States | A number of smoking and health-related claims have been brought against Imperial Tobacco Group Brands in the state courts. Imperial Tobacco Group Brands has the benefit of an indemnity from another manufacturer in respect of each of these claims. As a result, ITG Brands either has been dismissed, or is expected to be dismissed, without prejudice from each of the claims.[2]:50 |
2016 | United States | Imperial Tobacco is currently defending one e-vapour-related claim in the USA. This is a consolidation of two purported class actions (Diek and Whitney) seeking to recover unquantified damages, including punitive damages. A claim that had been brought by the Center for Environmental Health alleging violations of the California Safe Drinking and Toxic Enforcement Act ended. [2]:50 |
In 2015, tobacco companies including Philip Morris International, British American Tobacco, Japan Tobacco International and Imperial Tobacco Group took the British government to court, arguing that the UK’s “plain packaging” law, unlawfully takes away its intellectual property. [72]
Imperial Brands (majority share owner of Lao Tobacco Company) and Lao-China Hongta Good Luck Company Ltd., violated the law by not printing pictorial health warnings on their cigarette packs. These two companies control over 80 percent of the cigarette market in Lao PDR. [73]
Partners and Allies
In 2017, the organization has paid between EUR 400,000 and EUR 499,999 on activities related to lobbying and registration fees within the EuropeanUnion. [6]
According to Transparency Register, in 2017 Imperial disclosed it was a member of the following associations:
- Confederation of EC Cigarette Manufacturers [6]
- European Smoking Tobacco Association [6]
- European Cigar Manufacturers Association [6]
- European Rolling Papers Association [6]
- European Travel Retail Council [6]
- Wirtschaftsrat [6]
- Public Affairs Council [6]
Lobbying
Canada
Imperial Tobacco Canada and JTI Canada Tech, together with Juul Labs Canada have launched the Vaping Industry Trade Association (VITA) with the intention of fighting against proposed government regulations to tighten cigarette regulations amidst the ever increasing number of “vape-related” lung disease cases in the United States. VITA was officially launched in November 2019, and president Daniel David said that the aim is ensuring that regulations aimed at preventing youth access, do not come in the way of adults smokers being able to make use of the devices. [74]
Czech Republic
The Czech Senate is preparing to vote on a disputed tax package, the situation can be abused by the food and tobacco lobby to push its interests. When the Chamber of Deputies passed a tax package last Friday canceling the super-gross wage and increasing the taxpayer's rebate, there was horror. The letter was signed by the CEOs of the Czech branches of British American Tobacco, Imperial Tobacco, Japan Tobacco International and several smaller cigarette importers. [75]
European Union
Main European Union initiatives, policies and legislative files followed by the organization are:
- The implementation of Directive 2014/40/EU on the approximation of the laws, regulations and administrative provisions of the Member States concerning the manufacture, presentation, and sale of tobacco and related products. [6]
- Review of Directive 2011/64/EC, on the structure and rates of excise duty applied to manufactured tobacco. [6]
- Review of Council Directive 2008/118/EC concerning the general arrangements for excise duty and repealing Directive 92/12/EEC [6]
The organization employs three part-time and four full-time lobbyists. The European Union Register lists the following employees:
Name | Contract Status | Start Date | End Date |
---|---|---|---|
Valerio Forconi [6] | Active | 18 December 2020 | 17 December 2021 |
Niccolo Balzini [6] | Active | 08 October 2020 | 07 October 2021 |
Jon House [6] | Active | 07 October 2020 | 06 October 2021 |
Justyna Smok-Chajn[6] | Active | 08 October 2020 | 07 October 2021 |
Mr Valerio Forconi, Head of EU Corporate Affairs, Brussels Office is in charge of EU relations.[6]
EU Transparency register lists Philip Morris International as a member of various associations and networks around the world, including:[6]
- Tobacco Europe (previously CECCM)
- European Smoking Tobacco Association (ESTA)
- European Cigar Manufacturers Association (ECMA)
- European Rolling Papers Association (ERPA)
- European Travel Retail Council (ETRC)
- Public Affairs Council
- SEAP
Dustin Dahlman from the German eCig Industry Association was part of a proposed "citizen-led initiative" asking the EU Commission to 'repeal Article 20 of Directive 2014/40/EU and create bespoke legislation which clearly sets vaping products apart from tobacco & pharmaceutical products'. [76]
Between October 2018 and September 2019, Imperial Tobacco had an estimated annual cost related to activities covered by the European Transparency Registry in the amount of EUR 600,000 - 699,999.
In 2017, Fontem Ventures, affiliated with Imperial Tobacco used the services of Aspect Consulting for lobbying in Brussels [77] and Blue Star Strategies globally. [78]
Lao
Lao PDR’s joint venture agreement with Imperial Brands gives preferential treatment to the tobacco industry. This lopsided 25-year agreement grants a tax rate of 15 percent if production costs are less than LAK 1,500 per pack of 20 units and 30 percent if production cost is more than LAK 1,500 per pack of 20 units. This agreement caused the government to lose about USD 144 million in tax revenues between 2002-2017. Additionally, no action has ever been taken against Imperial Tobacco for non-compliance with the pictorial health warnings on its packs. [79]
United Kingdom
Philip Morris International, British American Tobacco, Japan Tobacco International, Imperial Brands and Juul are all members if the UK Vaping Industry Association (UKVIA), United Kingdom's leading forum for supporting, developing and promoting the vaping industry. [80]
Ukraine
Two years after Ukraine’s antitrust agency gave big tobacco with a record $256 million in fines, the state budget will not be adding anything to its coffers. On June 1, the Supreme Court of Ukraine, the country’s highest judicial body, ruled that allegations Imperial Tobacco Ukraine had acted in violation of anti-monopoly legislation were groundless, overturning the $17 million fine imposed by the Anti-Monopoly Committee of Ukraine. [81]
Memberships
The website TobaccoTactics, offers an updated list of organizations Imperial Tobacco was a member or supporter of in 2017. The Austrian Public Affairs Association website lists Hanna Friedl and Jared Wiener from Imperial Tobacco Austria as members. [82]
Imperial Tobacco is a Gold member of the Scottish Grocers Federation, a front group 'promoting responsible community retailing by lobbying, communication, networking and advice.' As of 2018, British American Tobacco and Japan Tobacco International were both listed as members on the organization's website. [83]
Politics
Scottish National Party accepted conference fees from Japan Tobacco International and Imperial Tobacco. Both companies were at the SNP Party Conference after buying "business day" passes advertised at GBP 1,750 each. [84]
In 2010, European Commission announced a multi-year agreement with Imperial Tobacco to work together in tackling the illicit trade in tobacco products. Under the legally binding agreement, ITL will work with the European Commission, its anti-fraud office OLAF, and Member States’ law enforcement authorities to help in the fight against contraband and counterfeit cigarettes. The Agreement included a USD 300 million contribution (over the next 20 years) by Imperial Tobacco. [85]
Consultancies, Banking and Finance
Organization/Company | Tobacco company relationship | Relationship type | Evidence of past or present formalized relationship |
---|---|---|---|
TR Consumer Forum 2022 | Sponsorship | The event saw attendees from multiple international companies including Imperial Tobacco. [86] | 2022 |
Tax Free World Association (TFWA) World Exhibition & Conference | Event | Imperial Brands exhibited in Cannes at the Tax Free World Association (TFWA) World Exhibition & Conference to showcase. [87] | 2021 |
Cornerstone | Lobbying | Cornerstone added Imperial Tobacco in Australia to its client list in in January 2021. [88] | 2021 |
UN Global Compact | CSR | The United Nations Global Compact Ukraine, an initiative promoting responsible business practices, recently named international tobacco giant Imperial Tobacco as one of “the most responsible and far-sighted companies in Ukraine.” [89] | 2021 |
Retailers Against Smuggling | Lobbying | Retailers Against Smuggling is an Irish organization that gathers retailers' efforts to prevent illicit trade in the country. It is funded by the Irish Tobacco Manufacturers Advisory Committee, composed of JTI Ireland, Imperial Tobacco and British American Tobacco subsidiaries.[90] | 2019 |
International Chamber of Commerce | Lobbying | This Paris-based organization was founded in 1919 and bills itself as the world's largest business organization. It regularly issues reports sympathetic to the tobacco industry and lobbied against plain packaging proposals. British American Tobacco, Japan Tobacco International and Philip Morris International sit on its influential anti counterfeiting and piracy initiative. [91] | 2019 |
Digital Coding & Tracking Association (DCTA) | Members | The Digital Coding and Tracking Association (DCTA) is a front group, launched in 2013 by the four multinational tobacco companies: British American Tobacco, Imperial Tobacco, Japan Tobacco International and Philip Morris International. The DCTA has promoted the industry’s tobacco tracking and tracing technology, Codentify, often without disclosing its relationship to the tobacco industry.[92] | 2019 |
Ernst & Young Global Limited (EY) | Audit | Imperial Brands appointed EY as its auditors at the 2019 AGM. [93] | 2021 |
PricewaterhouseCoopers LLP | Audit | PwC were Imperial Tobacco's auditors until 2019. [2] | 2019 |
KPMG | Audit | KPMG LLP UK prepared a report on Illicit tobacco in New Zealand for Imperial Tobacco New Zealand Limited.[94]
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. [95] |
2017 |
Pinsent Masons LLP | Litigation | Pinsent Masons LLP provided legal advice in respect of the operation of the Group’s employee share plans. [2]:71 | 2017 |
Allen & Overy LLP | Litigation | Allen & Overy LLP is available to provide legal advice to Imperial Tobacco's Renumeration Committee as and when required. It was not used for remuneration-related advice during the financial year. Allen & Overy LLP also provided other legal services to the Group. [2]:71 | 2017 |
The Kangaroo Group | Lobbying | The Kangaroo Group promotes free trade across the European Union. In 2017, the Group’s tobacco industry members were listed as Barry Ronan from British American Tobacco, Mario Muller from the Confederation of European Community Cigarette Manufacturers, Alan Hardacre from Imperial Tobacco, Kristof Doms from Philip Morris International and Paolo Bochicchio from Japan Tobacco International. [96] | 2020 |
Marketing, Conferences and Public Relations
Organization/Company | Tobacco company relationship | Relationship type | Evidence of past or present formalized relationship |
---|---|---|---|
Instinctif Partners | Marketing and PR | PR company Instinctif Partners was contracted by Imperial Tobacco to promote the European Union Commission’s Citizens Initiative campaign, called “Let’s demand smarter vaping regulation!" [97] | 2019 |
Scottish Grocers’ Federation | Lobbying | Imperial Tobacco is a Gold member of Scottish Grocers’ Federation. [98] | 2022 |
Goulder Family Foundation | Stock holder | Nonprofit Explorer by Propublica revealed the Foundation holds Imperial Brands Plc stocks with the end of Year Fair Market Value of USD 23,104. [99] | 2021 |
Moodie Davitt | Sponsorship | Imperial Tobacco will present its new products at the inaugural Moodie Davitt Virtual Travel Retail Expo. [100] | 2020 |
CPD | Non-for-profit | In 2021, Imperial has again been given an ‘A’ score by global environmental non-profit charity CDP for its efforts to counter climate change. [101] | 2021 |
ABF Lab | Research | ABF Lab (Analytisch-biologisches Forschungslabor) published a paper funded by Imperial Brands in 2017, and in 2019 listed Imperial Tobacco as a funder of a current project. [102] | 2019 |
Global Tobacco and Nicotine Forum | Events | The event is run by the Tobacco Merchants Association, a US-based organization which hosts discussions regarding nicotine and tobacco issues. The organization also owns and runs the Tobacco Reporter magazine. [103] Joe Thompson, chief scientific officer at Imperial Brands was amongst the 2020 Forum speaker. [104] | 2020 |
MSQ Partners | PR | Blu, the vaping brand owned by Imperial Tobacco, has appointed MSQ Partners and Fold7-backed brand experience agency Hyperactive to work on the launch campaign. [105] | 2018 |
Hyperactive | PR | Blu, the vaping brand owned by Imperial Tobacco, has appointed MSQ Partners and Fold7-backed brand experience agency Hyperactive to work on the launch campaign. [106] | 2018 |
Proximity | PR | In March 2014, Proximity picked up Imperial Tobacco’s global creative account. WPP’s Deepblue Networks was the incumbent. [107] In 2019, Proximity has retained the global advertising account after a review. The account does not include advertising for e-cigarette brand Blu, which is owned by Fontem Ventures, part of Imperial Tobacco’s parent company Imperial Brands. [108] | 2015 |
FTI | PR | FTI Consulting, Inc. is a global business advisory firm. [109] | 2016 |
Aspect Consulting | Lobbying | In 2017, Fontem Ventures, affiliated with Imperial Tobacco used the services of Aspect Consulting for lobbying in Brussels[110] and Blue Star Strategies globally. [111] | 2017 |
Bell Pottinger | PR | Imperial Brands used Bell Pottinger for two decades until a scandal over Bell Pottinger's secret campaign to stir up racial tensions in South Africa came to surface. [112] | 2017 |
References
- ↑ Euromonitor International [database on the Internet]. Cigarettes. Euromonitor International; c 2018.
- ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17 2.18 2.19 2.20 2.21 2.22 2.23 2.24 2.25 2.26 2.27 2.28 2.29 2.30 2.31 2.32 2.33 2.34 2.35 Statista, Imperial Brands - Statistics & Facts, p. 43, 71, Accessed 16 September 2018 Cite error: Invalid
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tag; name "IB_2017_AR" defined multiple times with different content - ↑ Imperial Brands website, About Us, 2018, Accessed 13 July 2020
- ↑ Euromonitor International [database on the Internet]. Cigarettes. Euromonitor International; c 2018.
- ↑ 5.0 5.1 5.2 Statista, Imperial Brands - Statistics & Facts, Accessed 16 September 2018
- ↑ 6.00 6.01 6.02 6.03 6.04 6.05 6.06 6.07 6.08 6.09 6.10 6.11 6.12 6.13 6.14 6.15 6.16 6.17 6.18 Transparency Register, Imperial Brands PLC, Accessed 10 May 2021
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- ↑ Imperial Tobacco John Player Announce New Market Manager For Ireland, Checkout, 2 January 2019, Accessed 21 January 2019
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- ↑ CONTRADICTIONS AND CONFLICTS, Smoke-Free World website, p.9, September 2020, Accessed 5 October 2020
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- ↑ 26.0 26.1 26.2 26.3 Crunchbase, List of Imperial Brands's 5 acquisitions, including Nerudia and Barjan - Mistic Electronic Cigarettes Brand, Accessed 30 September 2018
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- ↑ Imperial Tobacco to launch JPS Players Easy Rolling Tobacco, Better Retailing, 22 March 2021, Accessed 21 April 2021
- ↑ 37.0 37.1 Imperial Brands Plc, Brand Portfolio, Accessed 18 September 2018
- ↑ Imperial Tobacco adds menthol accessories to portfolio, Talking Retail, 16 December 2019, Accessed 24 January 2020
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- ↑ Snus: Worldwide Market Growth, Trends and Forecasts to 2023 featuring British American Tobacco, Imperial Brands, V2 Tobacco, Swedish Match, Gajane, and many more - ResearchAndMarkets.com, Business Wire, October 2018, Accessed 18 October 2018
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- ↑ Imperial Tobacco ads for smoking app banned by ASA, Campaign Live, November 2014, Accessed 23 October 2018
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- ↑ ↑EU Transparency Register, Instinctif Partners,25 February 2019, Accessed February 2019
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