loading
Home   |   News   |  

Wall Street Journal: JUUL Electronic Cigarette will cancel market expansion and layoffs outside the United States

Wall Street Journal: JUUL Electronic Cigarette will cancel market expansion and layoffs outside the United States

2022-10-08

Blue Cave New Consumer Report, October 7th, according to Reuters, the Wall Street Journal quoted people familiar with the matter reports on Thursday that Jumul Labs Inc is canceling the expansion plan planned outside the United States and plans to lay off layoffs.


The report quoted people familiar with the matter and said that the electronic cigarette company has recently completed the reinsurance of its guarantee debt, which has won more time to explore a longer -term choice for this close -holding company.


In July, this once -hot company is in the early stage of exploring a variety of options including financing alternatives, because it has to deal with lawsuits and US health regulatory agencies may prohibit the sale of their electronic cigarettes.


In late September, Altria Group Inc, a Monbo manufacturer, purchased the company's 35% of the shares in the past four years, exercised the option to terminate the bidding for competition with Juul.


Aochiya also reduced its share value in this electronic cigarette manufacturer from the initial $ 12.8 billion to $ 450 million because the US health regulatory agency approved the company's electronic cigarette opportunity to decrease.


The US Food and Drug Administration suspended the ban on selling JUUL electronic cigarettes in the United States in early July. Previously, the health institutions had shortly prohibited its products because the data submitted by the company failed to display its product sales. The product will be suitable for public health.


The FDA subsequently stated that the company's marketing application will be reviewed.


Jum did not immediately respond to Reuters' comment request.


Chat Online
Chat Online
Leave Your Message inputting...
Sign in with: