But the Davidoff portfolio varies across the world, which is mainly due to local consumer preferences and legislative restrictions
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This change in purchasing habits has led to a decline in the market share of premium brands and a corresponding rise in the popularity of value brands like Crown.Reuters Additionally, the tobacco industrys focus on maintaining profitability amidst declining smoking rates has prompted companies to diversify their product offerings
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"All of these countries wouldn't be doing this in the face of strong opposition from the tobacco industry if it wouldn't work," he said