Sector Focus 

Are tobacco investments going up in smoke?

Are tobacco investments going up in smoke?

Imperial Brands (IMB) has revealed that plans are under way to change the make-up of its brand portfolio. Chief executive Alison Cooper confirmed plans to sell off some products via a number of “divestment opportunities” to create a more concentrated portfolio. But she wouldn’t say which brands are slated to go, what types of products are on the chopping block, or if any buyers have been lined up. In theory, one could assume Ms Cooper is targeting some of the group’s more traditional cigarette brands, particularly in light of plans to focus on “next-generation products” (NGPs).

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