Home > “Vuse” is New E-Cig Developed by Reynolds

“Vuse” is New E-Cig Developed by Reynolds

Time Magazine reports that the in-house brand of electronic cigarette currently being tested by Reynolds America, the second-largest US cigarette manufacturers, is currently known as “Vuse.”

This comes on the heels of Lorillard, the nation’s third largest tobacco company, aquiring e-cig manufacturer Blu for $135 million dollars in 2012; and rumors reported by Bloomberg that Altria (the maker of Marlboro, among other brands) is seriously considering a takeover bid for NJoy. Njoy, which primarily markets through retail outlets, currently holds about 40% of the American electronic cigarette market, while Blu holds about 25% of the market.

Reynolds had previously confirmed that it was testing its own brand of e-cigarette, with CEO Daniel Delen saying that the company was looking to “make a big splash” in the e cigarette market. “Vuse” may or may not be the name of the product that eventually comes to the market.

A Wells Fargo analyst believes that the electronic cigarette market may rise to $1 billion dollars within the next three years. It’s currently estimated to be around $300 million dollars per year. The analyst calls the debut of a nationwide TV ad campaign for NJoy this month a “wakeup call” for traditional cigarette manufacturers who currently don’t have a play in the e-cigarette market.

About the author

admin Author: Phil Sirkin. Phil Sirkin is an award-winning journalist and author. He has spent more than 25 years in the broadcast industry and is also an avid electronic cigarette enthusiast. Phil Sirkin on Google+

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