Matthew B Wills Popular Books

Matthew B Wills Biography & Facts

British American Tobacco p.l.c. (BAT) is a British multinational company that manufactures and sells cigarettes, tobacco and other nicotine products. The company, established in 1902, is headquartered in London. As of 2021, it is the largest tobacco company in the world based on net sales. BAT has operations in around 180 countries, and its cigarette brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans. Its brands also include Velo, Vuse and Glo. BAT has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a secondary listing on the Johannesburg Stock Exchange. BAT plc ordinary shares are also listed on the New York Stock Exchange in the form of American Depositary Shares. History 1902 to 2000 The company was formed in 1902, when the United Kingdom's Imperial Tobacco Company and the United States' American Tobacco Company agreed to form a joint venture, the "British-American Tobacco Company Ltd." The parent companies agreed not to trade in each other's domestic territory and to assign trademarks, export businesses and overseas subsidiaries to the joint venture. James Buchanan Duke became company chairman supported by Hugo Cunliffe-Owen (later Chairman) and Albert Jeffress (later Deputy Chairman); then business was begun in countries as diverse as Canada, China, Germany, South Africa, New Zealand and Australia, but not in the United Kingdom or in the United States. In China, BAT inherited a factory in the Pudong district of Shanghai from W.D. & H.O. Wills, one of the precursor companies of Imperial Tobacco. Under the management of James Augustus Thomas from Lawsonville, in North Carolina's Rockingham County, by 1919 the Shanghai factory was producing more than 243 million cigarettes per week. Thomas worked closely with the local Wing Tai Vo Tobacco Company, which developed into BAT's principal Chinese partner after its success with the "Ruby Queen" cigarette brand. In 1911, the American Tobacco Company sold its share of the company. Imperial Tobacco gradually reduced its shareholding, but it was not until 1980 that it divested its remaining interests in the company. At its peak in 1937, BAT manufactured and distributed 55 billion cigarettes in China. The company's assets were seized by the Japanese in 1941 following their 1937 invasion. In 1949 the company was ejected from China following the foundation of the People's Republic. In 1976 the Group companies were reorganised under a new holding company, "B.A.T. Industries". In 1994 BAT acquired its former parent, American Tobacco Company (though reorganised after anti-trust proceedings). This brought the Lucky Strike and Pall Mall brands into BAT's portfolio. In 1999 it merged with Rothmans International, which included a share in a factory in Burma. This made it the target of criticism from human rights groups. It sold its share of the factory in 2003 after an "exceptional request" from the British government. 2000 to present In 2002, BAT lost a lawsuit about the right to sell cigarettes under the Marlboro brand name in the UK. It had acquired Rothmans, which had previously bought a licence to use the name from Philip Morris. Philip Morris' attorneys invoked a get-out clause for the case of a major change of ownership. In 2003, BAT acquired Ente Tabacchi Italiani (ETI) S.p.A., Italy's state tobacco company. The important acquisition would elevate BAT to the number two position in Italy, the second largest tobacco market in the European Union. The scale of the enlarged operations would bring significant opportunities to compete and grow ETI's local brands and BAT's international brands. In August 2003, BAT acquired a 67.8% holding in the Serbian tobacco company Duvanska Industrija Vranje (DIV), allowing local manufacture of its brands, freeing them from import duties. In the longer term, export opportunities are planned as neighbouring countries in south east Europe developed free trade agreements. In July 2004, the U.S. business of British American Tobacco (Brown & Williamson) was combined with that of R. J. Reynolds Tobacco Company (R. J. Reynolds), under the R. J. Reynolds name. R. J. Reynolds and Brown & Williamson were the second and third-ranking U.S. tobacco companies prior to the combination. When they combined, R. J. Reynolds became a subsidiary of Reynolds American, with BAT holding a 42% share. In January 2007, BAT closed its remaining UK production plant in Southampton with the loss of over 600 jobs. However, the global research and development operation, and some financial functions, continue on the site. Then in 2008, BAT acquired Turkey's state-owned cigarette maker Tekel. In July 2008, BAT acquired the cigarette and snus operations of the Scandinavian Tobacco Group. BAT acquired 60% of Indonesia's Bentoel Group in 2009 before increasing its stake to 100% the following year. In May 2011, BAT acquired the Colombian company Productora Tabacalera de Colombia S.A.S. (Protabaco). In October 2015, BAT acquired the Croatian tobacco company TDR d.o.o. Brands and Factory in Kanfanar. In October 2016, BAT offered to buy the remaining 57.8 per cent of U.S. cigarette maker Reynolds American in a $47 billion takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. In January 2017, Reynolds agreed to an increased $49.4 billion deal. The deal was completed in July 2017. In April 2017, the company announced the acquisition of a number of Bulgarian cigarette brands from Bulgartabac for more than €100 million. In March 2021, the company bought a stake of close to 20% in the Canada-based cannabis producer OrganiGram for about £126 million as part of a diversification strategy. After the Russian invasion of Ukraine began in 2022, British American Tobacco announced plans to withdraw from Russia. On 14 September 2023, the company announced the sale of BAT Russia to a consortium led by local management. BAT Russia changed its name to the International Tobacco Marketing Services Group. Operations The company offers an extensive range of brands: Current Global brands include Dunhill, Kent, North State, Lucky Strike, Pall Mall, Vogue, Rothmans International, Winfield, State Express 555, KOOL, and Viceroy. BAT does not necessarily own the rights to all of these brands in every nation they are marketed. Local brands owned by British American Tobacco include: Benson & Hedges, John Players Gold Leaf, Dunhill, Lucky Strike, Hollywood, Derby (Bangladesh), State Express 555 (Vietnam), Belmont (Colombia, Chile, Nicaragua and Venezuela), Jockey Club (Argentina), Stradbroke (Australia), Hollywood, Derby, Free, Minister and Plaza (Brazil), du Maurier (Canada), Prince (Denmark), North State (Finland), HB (Germany), Sopianae (Hungary), Wills (India), Ardath, Bentoel, and Tali Jagat (Indonesia), Carrolls, Carrolls Kings, Grand Parade, Black Allen (Germany), Sweet Afton, Major (Ireland), B.... Discover the Matthew B Wills popular books. Find the top 100 most popular Matthew B Wills books.