A big company that sells cigarettes faces problems because many people make fake vapes in America. These fake vapes hurt the company's plans to sell safer smoking products.
The company makes famous cigarettes like Dunhill and Lucky Strike. Last year, they wanted to sell more vapes in America, but sales went down. Many people bought cheaper vapes from companies that did not follow the rules. The company tried to charge more money for its vapes, but this did not help.
People bought much less cigarettes in America last year. The company said this happened because people had less money to spend. Many smokers started buying cheaper cigarettes from other companies.
The news worried investors. The company's shares lost a lot of value in London. The company thinks it will make only a little more money next year. It faces new rules about tobacco in Australia and must pay more taxes in Bangladesh.
The company's leader, Mr Marroco, talked to news reporters about the problem. He said the fake vapes make things very hard in America. He worries because people who use fake vapes do not know what they contain. He hopes the government will help stop these fake products.
The company makes famous cigarettes like Dunhill and Lucky Strike. Last year, they wanted to sell more vapes in America, but sales went down. Many people bought cheaper vapes from companies that did not follow the rules. The company tried to charge more money for its vapes, but this did not help.
People bought much less cigarettes in America last year. The company said this happened because people had less money to spend. Many smokers started buying cheaper cigarettes from other companies.
The news worried investors. The company's shares lost a lot of value in London. The company thinks it will make only a little more money next year. It faces new rules about tobacco in Australia and must pay more taxes in Bangladesh.
The company's leader, Mr Marroco, talked to news reporters about the problem. He said the fake vapes make things very hard in America. He worries because people who use fake vapes do not know what they contain. He hopes the government will help stop these fake products.
