Travel Markets Insider Newsletter Vol. 16 No.22

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Breaking News. As we went to press this morning, news broke of a proposed shuffle among several major cigarette brands in the United States. Winston-Salem-based Reynolds American Inc. (Camel and Pall Mall brands) has agreed to acquire Lorillard Inc. (maker of Newport menthol cigarettes) in a cash-and-stock deal worth about $25 billion. The new company will create a more powerful No. 2 to U.S. industry leader Altria Inc., maker of Marlboro, reports Nasdaq.com.  At the same time, Reynolds American will sell its Kool, Salem, Winston, Maverick and Blu eCigs brands and other assets to a subsidiary of Imperial Tobacco Group PLC for $7.1 billion in cash.

 

Alison Cooper, chief executive of Imperial Tobacco, said: “This is a great opportunity to transform our US business and secure a significant presence in the world’s largest accessible profit pool. We plan to build a US brand portfolio through national distribution and create a stronger, more competitive business.” All the deals must have regulatory approval and are not expected to be finalized until the first half of 2015.

 

At the Point of Sale.  JFK Terminal 4 welcomes several well-known new international brands into its retail mix and the terminal redevelopment goes forward. See page 1.

 

Furla opens boutique in Iquique. Page 3.

 

Canadian duty free sales start summer strong.

 

Leadership change at HMSHost.

 

Coty Inc. streamlines company with a major re-organization. What will it mean fortravel retail? Full story on page 2.

 

Spirits NewsCourvoisier, Grey Goose VX, Pernod Ricard & Avión Spirits,

Bacardi-MONARQ partnership, Pillitteri Icewines.

 

Employment Opportunities. Stansfeld Scott is seeking Brand Marketing Managers in its Wine and Spirits Division. ALSO: Godiva has an opening for a Travel Retail Field Manager for the West Coast; Clarins has an opening for a West Coast Sales Coordinator based in Los Angeles. See page 4 for more details. 

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