David Adelman of Morgan Stanley said: 'If plain packaging were adopted in the UK, some other nations would most likely mandate [it] as well.' Adam Spielman, a tobacco analyst at Citigroup, told the publication: 'Plain packaging would level the playing field, making premium brands less attractive to smokers, and would lead to a rapid worsening of the downtrading [falling sales] trend which has been going on for years in the UK, far and away the most expensive country in Europe for smokers.' Tobacco companies fear that introducing the plain packaging would prompt many smokers to abandon the premium brands such as Marlboro and Benson and Hedges, and instead switch to much cheaper makes costing 3.50 to 4
It would be the latest, and one of the biggest, in a string of mergers in reaction to regulatory crackdowns and the long decline of smoking
Xiong S, Huang W, Liu X, et al
Were not trying to put people out of business, he told a local newspaper
I am including in this category clocks, thermometers and other advertising other than posters that hung on a wall
Many Australians in outer-suburban, regional and rural areas have been contending with bushfire smoke and dust for weeks