Sadly for BAT, some may have quit smoking during Covid-19
As the pandemic spread, lockdowns meant BAT had to delay launches of vaping devices because the stores were shut
10 June 2020 - 16:47
So, perhaps reassuringly, it turned out that tobacco wasn’t so defensive during this global health crisis after all.
After indications early in the pandemic that tobacco may hold up, on Tuesday, British American Tobacco (BAT) reduced its forecasts for full-year sales growth as Covid-19 lockdowns hurt business in emerging markets. The maker of Dunhill, Lucky Strike and Rothmans cigarettes depends on developing nations for one-quarter of its revenue...
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