We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Vapor trails

20 December 2018 By Antony Currie

The Marlboro maker is paying a whopping multiple for 35 pct of Juul Labs – and cutting jobs and up to $600 mln of expenses just to cover interest costs. Meanwhile Juul is handing much of the cash to current owners and staff. It’s a risky bet that rapid growth won’t start to drag.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)