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February 22, 2020
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Reuters - Business

U.S. SEC probes Altria’s investment in Juul: source

Reuters
FILE PHOTO: Juul brand vape cartridges are pictured for sale at a shop in Atlanta, Georgia, U.S., September 26, 2019. REUTERS/Elijah Nouvelage/File Photo (Reuters) – U.S. regulators have opened a probe regarding Marlboro maker Altria Group Inc’s (MO.N) investment in e-cigarette maker Juul Labs Inc, according to a person familiar......
Reuters - Business

Canadian pot producer Canopy may face challenges offloading assets, CEO says

Reuters
(Reuters) – Canada’s biggest cannabis producer, Canopy Growth Corp (WEED.TO), could face challenges offloading assets as it seeks to winnow its facilities down to focus on its most lucrative markets and products, its chief executive told Reuters. A sign featuring Canopy Growth Corporation’s logo is pictured at their facility in......
Reuters - Business

Sparkle fades as coronavirus risks wiping out luxury goods growth

Reuters
MILAN (Reuters) – The luxury goods industry normally relishes the spotlight, but in the case of China’s coronavirus it is ruing being one of the most globally exposed sectors to an epidemic that risks all-but wiping out its sales growth this year. FILE PHOTO: A cleaner worker wearing a mask......
Reuters - Business

Altria takes another $4 billion hit on Juul investment, revises deal terms

Reuters
(Reuters) – Altria Group Inc (MO.N) took another $4 billion charge on its investment in Juul Labs Inc and said it had reworked its deal terms with the embattled e-cigarette maker, which is facing increased regulatory scrutiny amid a backlash against vaping. The Marlboro maker in the United States said......
Reuters - Business

Altria takes $4.1 billion charge on Juul investment, revises deal terms

Reuters
(Reuters) – Altria Inc (MO.N) took another $4 billion charge on its investment in Juul Labs Inc and said it had reworked its deal terms with the embattled e-cigarette maker, which is facing increased regulatory scrutiny amid a backlash against vaping. FILE PHOTO: A hand with a cigarette is seen......
Reuters - Business

Louis Vuitton to close Hong Kong shop as protests bite: report

Reuters
PARIS/HONG KONG (Reuters) – Louis Vuitton, the world’s biggest luxury goods brand by sales, is preparing to shut one of its shops in Hong Kong where protests have hit demand as high rental costs bite, the South China Morning Post newspaper reported on Friday. FILE PHOTO: A Louis Vuitton logo......
Reuters - Business

Tiffany profit falls short on weak demand in Americas, Hong Kong

Reuters
(Reuters) – Luxury jeweler Tiffany & Co (TIF.N), which is being bought by Louis Vuitton owner LVMH (LVMH.PA), missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong. The jeweler has been struggling to lure price-conscious......
Reuters - Business

Tiffany misses quarterly same-store sales estimates

Reuters
Tiffany & Co. jewelry is displayed in a store in Paris, France, November 25, 2019. REUTERS/Gonzalo Fuentes (Reuters) – Tiffany & Co (TIF.N), which is being bought by Louis Vuitton owner LVMH (LVMH.PA), fell short of Wall Street estimates for quarterly sales on Thursday as the luxury jeweler was hurt......
Reuters - Business

France fights back over U.S. tariff threat to Champagne, cheese

Reuters
PARIS/LONDON (Reuters) – France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion. The threat of punitive tariffs followed......
Reuters - Business

France and EU say primed to retaliate over U.S. tariff threat

Reuters
PARIS (Reuters) – France and the European Union said on Tuesday they are ready to retaliate if U.S. President Donald Trump acts on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion. The threat of punitive tariffs came......
Reuters - Business

France says primed to retaliate with EU over U.S. tariff threat against Paris

Reuters
PARIS (Reuters) – France and the European Union are ready to retaliate if U.S. President Donald Trump acts on a threat to impose duties of up to 100% on $2.4 billion in imports of champagne, handbags and other French products, the French government said on Tuesday. FILE PHOTO: French Finance......
Reuters - Business

France and EU ready to fight back over U.S. tariff threat, ministers say

Reuters
FILE PHOTO: French Finance Minister Bruno Le Maire attends a news conference in Boulogne-Billancourt, near Paris, France, November 7, 2019. REUTERS/Gonzalo Fuentes PARIS (Reuters) – France and the European Union are ready to fight back over the latest U.S. tariff threats on French products, French government ministers said on Tuesday.......
Reuters - Business

France and EU ready to fight back over U.S. tariff threat: French ministers

Reuters
FILE PHOTO: French Finance Minister Bruno Le Maire attends a news conference in Boulogne-Billancourt, near Paris, France, November 7, 2019. REUTERS/Gonzalo Fuentes PARIS (Reuters) – France and the European Union are ready to fight back over the latest U.S. tariff threats on French products, French government ministers said on Tuesday.......
Reuters - Business

U.S. proposes 100% tariffs on French Champagne, cheese, handbags over digital tax

Reuters
FILE PHOTO: An employee serves a glass of Champagne during the traditional wine harvest at the Champagne house Deutz in Ay, France, September 22, 2016. REUTERS/Benoit Tessier/File Photo WASHINGTON (Reuters) – The U.S. government on Monday said it may slap punitive duties of up to 100% on $2.4 billion in......

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