Davos — Philip Morris International is ratcheting up its efforts to become the world’s largest maker of alternatives to cigarettes and indicated that it has not given up on a potential reunion with sister company Altria Group at some point in the future.
Philip Morris is getting ready to launch a new vaping device, IQOS Mesh, early in 2020, CEO Andre Calantzopoulos told Bloomberg News in an interview in Davos, Switzerland. There “will be consolidation in the market for e-cigarettes” and Philip Morris wants to be on the forefront with its IQOS brand, which also sells devices that heat tobacco rather than burning it, he said...
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