Gallaher seeks Midas touch on return to India: DFNI Exclusive by Gavin Lipsith
Gavin Lipsith
1-Jun-2005
UK-based cigarette manufacturer Gallaher has appointed Midas International as its exclusive duty-free distributor for the Indian sub-continent
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The deal marks a return to the region for Gallaher, which withdrew from regional travel-retail in the late 1970s.
Midas International managing director Nirmal Chowdhury told DFNI that the two
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(15-Feb-2006) - UK tobacco supplier Gallaher is planning to launch its Sovereign brand in sub-continental duty-free markets—excluding India, where Imperial Tobacco holds the trademark—through its exclusive regional duty-free distributor Midas International
(8-Feb-2006) - The Swiss agent appoints Indian distributor Midas International to distribute its portfolio of sunglasses, accessories and watches to the Indian sub-continent's duty-free markets
(15-Jan-2007) - Japan Tobacco International (JTI) is poised to acquire UK rival cigarette manufacturer Gallaher after placing an offer valuing the company at £7.5bn ($14.5bn)
(1-Oct-2006) - UK tobacco supplier Gallaher has singled out rapid expansion in Asia/Pacific duty-free markets as a key driver behind its growth in the region in the first six months of the year
(18-Dec-2006) - Japan Tobacco is in preliminary talks with Gallaher with a view to acquiring the UK-based supplier of Silk Cut cigarettes

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Gallaher seeks Midas touch on return to India: DFNI Exclusive by Gavin Lipsith