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Philip Morris International | 8-K: Hilip Morris Receives District Of Columbia Subpoena

フィリップ モリス インターナショナル | 8-K:臨時報告書

SEC ·  2024/06/17 16:20

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Swedish Match North America (SMNA), a Philip Morris International affiliate, received a subpoena from the DC Attorney General regarding compliance with the district's flavored products ban for ZYN nicotine pouches. Preliminary investigation revealed sales of flavored nicotine pouch products in DC, mainly through online platforms and independent retailers.In response, SMNA is conducting a comprehensive review of its sales and supply chain arrangements in DC and other U.S. localities with flavor bans. As an immediate remedial measure, the company is suspending online sales on ZYN.com, though these sales represent a minimal portion of nationwide ZYN volumes. The company acknowledges a possible material liability, though the amount is not currently estimable.PMI reaffirms its commitment to regulatory compliance and 21+ only access, noting that ZYN.com sales have been fully age-gated. The company's smoke-free products, including ZYN, accounted for approximately 37% of PMI's total net revenues in 2023, with availability in 84 markets globally.
Swedish Match North America (SMNA), a Philip Morris International affiliate, received a subpoena from the DC Attorney General regarding compliance with the district's flavored products ban for ZYN nicotine pouches. Preliminary investigation revealed sales of flavored nicotine pouch products in DC, mainly through online platforms and independent retailers.In response, SMNA is conducting a comprehensive review of its sales and supply chain arrangements in DC and other U.S. localities with flavor bans. As an immediate remedial measure, the company is suspending online sales on ZYN.com, though these sales represent a minimal portion of nationwide ZYN volumes. The company acknowledges a possible material liability, though the amount is not currently estimable.PMI reaffirms its commitment to regulatory compliance and 21+ only access, noting that ZYN.com sales have been fully age-gated. The company's smoke-free products, including ZYN, accounted for approximately 37% of PMI's total net revenues in 2023, with availability in 84 markets globally.
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