Scandinavian Tobacco Group A/S: French Authorities Publish Ban on Tobacco Brand Names
February 02 2017 - 6:32AM
COMPANY
ANNOUNCEMENT
No. 4/2017
Copenhagen, 2 February 2017
French Authorities Publish Ban on
Tobacco Brand Names
Today, the French Ministry of Health and Ministry of Budget have
published the result of their review of all tobacco product names
in the French market.
As further described in company announcement no.
3/2017 (30 January 2017), the French authorities consider the use
of Scandinavian Tobacco Group's Café Crème brand name for cigars to
be a violation of the French Public Health Code. Also the brand
name Paradise is banned.
The bans are announced to take effect from 1 February 2018. The
sales in France of Café Crème and Paradise together represent close
to 4% of the Group's net sales.
Scandinavian Tobacco Group will appeal the
decision to the French courts.
For further information, please
contact:
For media enquiries:
Kaspar Bach Habersaat, Director of Group Communications, phone: +45
7220 7152
or kaspar.bach@st-group.com.
For investor enquiries:
Torben Sand, Head of Investor Relations, phone: +45 7220
7126
or torben.sand@st-group.com.
STG Company announcement 4
2.2.2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Scandinavian Tobacco Group A/S via
Globenewswire
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