“US vaping giant Juul Labs will exit the Irish market at the end of the year after entering the country less than two years ago to huge fanfare. In September, under-pressure Juul Labs told its workers that it planned to exit some European and Asia-Pacific markets and axe more of its remaining 2,200 employees. Last month, Altria cut the value if its holding in Juul Labs, reckoning in its third quarter results that the vaping company is now worth less than $5bn. That’s compared to the $10bn that Juul Labs valued itself at just days earlier. Last week, Altria converted non-voting shares in Juul Labs to voting shares.”
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Vaping giant Juul to leave Irish market after less than two years
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