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Introduction Smoking habits and preferences have evolved significantly over the years, influenced by changes in societal norms, health awareness, and technological advancements

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Severin Borenstein, an economist at the UC Berkeley Haas School of Business, says the large legacy carriers have leveraged their market dominance to soar above the smaller budget carriers

The latest issue of Tobacco Journal International reports that 'according to analysts from Morgan Stanley, if generic packaging becomes a legal requirement in the UK, not only could it have a domino effect on other markets, but it could also have a materially adverse impact on cigarette brand equity [and] could result in considerably reduced profits'

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