Altria Group Acquires NJOY, Raising Questions About Juul’s Future
Altria Group, one of the world’s largest tobacco companies, announced on Tuesday that it is acquiring NJOY, a leading e-cigarette maker, for an undisclosed amount. This move comes three years after Altria bought a 35% stake in Juul Labs, the dominant player in the vaping market, for $12.8 billion. In light of growing regulatory and…