Domenti

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Domenti
ანონიმური კომპანია
Traded asVABO: დომ
VABO 30 Component
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IndustryTobacco
Cannabis
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Founded1948; 73 years ago (1948)
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HeadquartersZaglianu, Varkana
Area served
Worldwide
Key people
DUDE (Chairman)
Andreas Kalantzopoulos (CEO)
ProductsStuff
RevenueIncrease ₭23.64 billion (2019)
Increase ₭TBD billion (2019)
Increase ₭TBD billion (2019)
Total assetsIncrease ₭TBD billion (2019)
Total equityIncrease ₭TBD billion (2019)
Number of employees
TBD (2018)
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Websitewwn.domenti.kom

Domenti (Varkan: დომენტი) is a Varkan multinational company and one of the world's largest producers and marketers of tobacco, cigarettes, cannabis and related products. It operates worldwide and is headquartered in Zaglianu. Domenti has a primary listing on the Varkan Stock Exchange and is a constituent of the VABO 30 index.

With the world-wide decrease in smoking in the 21st century, shares of Domenti were no longer considered as attractive as they once were. However, the advent of e-cigarettes and the focus on cannabis products helped reshape the company since the Varkan revolution.

Operations

Tobacco

Domenti's tobacco operations revolve around the Domenti brand name and recognizable logo. Its tobacco packaging are red. Local brands owned by Domenti include: TBD (COUNTRY), etc.

Cannabis

Domenti's cannabis operations are centered in Varkana, its main market for cannabis products where they are sold through state-owned Sanako. Its cannabis packaging are green and unlike other jurisdictions which require plain packaging, Varkana does not due to a supreme court ruling regarding cigarettes' packaging.

Sponsorship, advertising and product placement

Since the advent of cinema, Domenti has been heavily involved in product placement and advertising in movies. Domenti saw the appeal of visual entertainment and the association of their products with celebrities that could be seen as opposed to the radio.

Domenti has been the official shirt sponsor of football club Dila Zaglianu of the Varkan Pirveli Divizionis since 1958. As a result of the continuous sponsorship for more than 60 years, the club has been known by supporters as "Domenti Zaglianu" instead of Dila Zaglianu. Zaglianu's home stadium is the Domenti Stadionze.

Lobbying

Domenti used to be a major political lobby in Varkana until the practice was outlawed in the early 2000s. According to Monamedia, Domenti spent around ₭120 million on lobbying the Breislandic government between 2004 and 2010, making it the second most active organization in the country during that period. Domenti has actively lobbied globally for the legalization of cannabis, against plain packaging, and against anti-smoking legislation.

Controversies

Bribery and threats in Muslim countries

Industry documents from the 1970s to the late 1990s shows that tobacco companies were seriously concerned about fatwas against smoking by Muslim jurists in Muslim majority countries. In 2012, it was reported that Domenti and other tobacco companies used a mixture of threats and bullying behavior to stop or lessen the implementation of anti-smoking legislation in at least eight Eastern Illypnian countries. One document showed that lawyers acting on behalf of Domenti requested that the high court in Galastan "quash in its entirety" anti-smoking legislation.

Tobacco marketing in unstable nations and conflict zones

In August 2018, former employee and whistleblower Irakli Kapanadze released internal documents to Monamedia, a Varkan online investigative media, claiming Domenti actively made efforts to market and sell its products in unstable, deeply impoverished nations and conflict zones, including Sindewand, Bonande, and Enfolo.