BAT writes down $31.5 billion from value of U.S. cigarette brands

Upworthy

06 Dec 2023 0 shares 1 views

BAT writes down $31.5 billion from value of U.S. cigarette brands

BAT writes down $31.5 billion from value of U.S. cigarette brands

Upworthy

Published 06 Dec 2023

British American Tobacco said it would take a hit of around $31.5 billion as it writes down the value of some U.S. cigarette brands, acknowledging on Wednesday that its traditional market has no long term future. BAT's move comes as ever stricter regulation and growing awareness of health risks…

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