Japan Tobacco International
JTI - Japan Tobacco International 日本たばこ産業 is the international tobacco division of Japan Tobacco, a leading international tobacco product manufacturer. The company is headquartered in Geneva, Switzerland and sells its brands in 120 countries.
|Eddy Pirard President and CEO Koji Shimayoshi Deputy CEO and Executive Vice President Business Development and Corporate Strategy|
|Products||Cigarettes, vaping products, roll-your-own tobacco, snus, pipe tobacco, cigars|
Number of employees
Eddy Pirard is the President and CEO and Koji Shimayoshi is the Deputy CEO, Executive Vice President, Business Development & Corporate Strategy.
In 2007, Gallaher Group, a FTSE 100 business, was acquired by Japan Tobacco Inc. for GBP 9.4 billion. At the time, this was the largest foreign acquisition by a Japanese company.
In 2009, the JT Group acquired part of the worldwide business of Tribac Leaf Limited (a company that trades tobacco in Africa), as well as two Brazilian companies active in the tobacco business, Kannenberg and KBH&C. In the same year, the JT Group also set up JTI Leaf Services, a joint venture with two leaf suppliers in the US – Hail & Cotton Inc. and JEB International.
Canadian class action lawsuitEdit
The three largest Canadian tobacco companies, Imperial Tobacco Canada, JTI-Macdonald Corp and Rothmans Benson & Hedges, are the subject of the largest class action lawsuit in Canadian history. The case started on 12 March 2012 in Quebec Superior Court, and the companies face a potential payout of C$27 billion (US $20.18 billion) in damages and penalties. In addition, a number of Canadian provinces are teaming up to sue tobacco companies to recover healthcare costs caused by smoking.
On 1 June 2015, Québec Superior Court Justice Brian Riordan has awarded more than $15 billion to Quebec smokers in a landmark case that pitted them against three Canadian cigarette giants, including JTI-Macdonald Corp. JTI was ordered to pay 13% of the total, or C$2bn. The company stated “JTI-Macdonald Corp fundamentally disagrees with today’s judgment and intends to file an appeal,” it said. “The company strongly believes that the evidence presented at trial does not justify the court’s conclusions.” The plaintiffs in the court case stated that even if an appeal was lodged, the companies were required to pay C$1bn within 60 days.
These brands account for 72% of JTI's sales:
- Benson & Hedges
- Camel (outside the US)
- Mevius (Mild Seven)
- Natural American Spirit (outside the US)
- Silk Cut
- Winston (outside the US)
Other tobacco productsEdit
JTI also has a portfolio of cigarette brands that the company markets regionally.
Notes and referencesEdit
- "Japan Tobacco International Products: Cigarettes, Cigars, Tobacco & Snus". Jti.com. Retrieved 12 September 2018.
- "Japan Tobacco International Facts & Figures | Who is involved". Jti.com. Retrieved 12 September 2018.
- "JT Global Site". Jt.com. Retrieved 10 March 2015.
- "Japan Tobacco International Facts & Figures | Where". Jti.com. Retrieved 12 September 2018.
- Japan Tobacco International "Archived copy". Archived from the original on 29 September 2012. Retrieved 12 September 2018.CS1 maint: archived copy as title (link) Retrieved on 8 May 2015.
- "Japan Tobacco International Facts & Figures | When | Historic Dates". Jti.com. Retrieved 10 March 2015.
- Reuters C$27 billion suit vs Big Tobacco starts in 13 March 2012 Retrieved on 27 September 2012.
- CTV News Judge awards $15 billion to Quebec smokers Retrieved on 1 June 2015.
- CBC News Tobacco companies ordered to pay $15B in damages Retrieved on 1 June 2015.
- Rankin, Jennifer Tobacco giants vow to fight Canadian judgment handing C$15bn to smokers, The Guardian, 2 June 2015. Retrieved on 11 September 2015.
- "Our brands". Japan Tobacco International – a global tobacco company. Retrieved 29 April 2018.