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Tobacco company Philip Morris International is suspending online sales on Zyn.com after finding their affiliate may have illegally sold products in the nation’s capital.. Swedish Match North ...
The increased attention has helped fuel a sales boom: In April, Philip Morris, which acquired Zyn maker Swedish Match for $16 billion in 2022, reported shipments had soared 80% year over year to ...
Philip Morris, the tobacco giant that bought Zyn maker Swedish Match, has leaned into smokeless products as people move away from cigarettes. Sales of Zyn have increased 300-fold since 2016.
Zyn pouches also began to be marketed in Sweden in 2016. [3] From 2017 to 2019 one of Swedish Match's US plants, located in Owensboro, Kentucky, was expanded to handle the manufacturing of Zyn pouches directly in the US. [4] [5] The works required an investment of $115 million and the new plant opened in May 2019. [6]
Zyn, a Swedish brand, was acquired by Philip Morris in 2022, and in the first three months of this year, more than 131 million cans were sold, an 80% percent increase from the same time last year.
Schottenstein Stores owns stakes in DSW and American Signature Furniture; 15% of American Eagle Outfitters, retail liquidator SB360 Capital Partners, over 50 shopping centers, and 5 factories producing its shoes and furniture.
As a result of the development of several new concepts and expansion of its more popular concepts, Cameron Mitchell Restaurants became a 33-unit, multi-concept operation with locations in nine states. Before the sale of its two biggest concepts in 2008, the company's annual sales surpassed $120 million.
ZYN’s tobacco-free status has enabled it to bypass federal and state-level regulations on tobacco marketing—including bans on coupons, branded merchandise, event sponsorships, and giveaways.