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We forecast that cigarette consumption declines will exceed the historical average, and we assume that many of the pressures on the market segment, such as tax hikes and a decline in the number of smokers, will continue

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"Academy Invites 176 to Membership"

"Logic's well-established presence in the U.S., in addition to our acquisition of E-Lites in the U.K., further underpins our global ambitions to become the leader in emerging products." The executive management team of Logic will remain with the JT Group post-acquisition in order to benefit from their extensive knowledge and experience of the U.S