Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Italian watchdog fines BAT and Amazon combined €7m

(Sharecast News) - British American Tobacco and Amazon have been fined a total of €7m by Italy's competition watchdog over "misleading" advertising.

The Italian Competition Authority (AGCM) fined BAT Italia €6m and Amazon €1m after an investigation flagged failings in their advertising for Glo Hyper X2 and Glo Hyper Air heated tobacco products.

The AGCM found that both companies had failed to provide sufficient information about nicotine content and corresponding health risks, with the products presented instead as "simple electronic devices".

It continued: "This is seriously misleading conduct that leads consumers to purchase a product that poses health risks and is prohibited for minors."

Both BAT and Amazon plan to appeal, it was reported.

An Amazon spokesman told Reuters: "The description of our products includes references to age restrictions and health-related risks.

"We have worked closely with the AGCM throughout this case and we've made this information even clearer for customers to address the authority's concerns."

A BAT Italia spokesperson told Dow Jones: "We are clear that our products are for adults only and we adhere to the highest standards of conduct to prevent underage use of any nicotine products.

"We cooperated with the Italian authorities and implemented all suggested changes to our marketing immediately."

The investigation was first opened in April 2023.

Share this article

Related Sharecast Articles

Sajid Javid reportedly in talks to join Shein ahead of London IPO
(Sharecast News) - Singapore-based fast fashion retailer Shein has reportedly approached the former chancellor Sajid Javid about joining the company ahead of its rumoured listing on the London Stock Exchange.
Bradda Head reaches settlement over fraudulent payment
(Sharecast News) - North America-focussed lithium developer Bradda Head announced on Monday that it has reached a settlement agreement over the fraudulent payment initially reported on 29 March 2022.
SDI Group set to end year in line with forecasts
(Sharecast News) - Scientific digital imaging, sensing and control technology company SDI Group said in a trading update on Monday that, pending its final accounts and audit, it expected to report revenue of £65.9m for the year, in line with current market expectations, but slightly down from £67.6m in 2023.
Haydale Graphene lowers revenue expectations
(Sharecast News) - Haydale Graphene lowered its forecast for full-year revenue to £4.7m in a trading update on Monday, down from current market expectations of £5.8m, but still an increase from the prior year's revenue of £4.3m.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.