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According to publicly available brand history information, Dunhill has built its identity around craftsmanship and luxury

Despite a 2.6% constant currency decline in Vapour revenue, driven by regulatory restrictions and illicit market activity in North America, BATs innovation pipeline (e.g., Vuse Go Reload and new device formats) positions it well to recapture growth once regulatory conditions stabilise, while APMEA presents a high-volume growth opportunity in the medium-to-long term

Cigarette smoking is the major risk factor for COPD (Hikichi et al., 2019

The entry of anti-smoking products and nicotine replacement therapies into adjacent duty free shelf space will also create indirect competitive pressure on traditional cigarette SKUs, challenging tobacco brands to actively defend and expand their duty free footprint through enhanced product offerings and operator partnerships