• Front Group


VPZ operates a chain of e-cigarette stores in the U.K. and sells its own branded devices and manufactures e-liquid through a related company. VPZ received an approximately US$15 million loan from Philip Morris Ltd in 2018 to “to accelerate [its] store opening programme”. VPZ has since stated that the loan was repaid and that it no longer has a financial relationship with PMI.

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