Juul Labs Inc., an e-cigarette maker, may be able to avoid a potential bankruptcy filing. Two of its major investors, Nick Pritzker and Riaz Valani are holding talks to finance the company and refurbish its business, a WSJ report stated. Interestingly, the world’s largest tobacco product manufacturer, Altria Group Inc. (NYSE:MO) is also the largest shareholder of Juul with a 35% stake.   While Valani is a California-based businessman and investor, Pritzker belongs to the promoter family of Hyatt Hotels. Both serve as Presidents on Juul’s board and wish to bail out the ailing e-vapor maker.
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