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It is official–Imperial Brands is out of the premium cigar industry. This morning, it was was announced that Imperial Brands has sold its premium cigar business for 1.23 billion euros ($1.33 billion). Profits from the sale will be used to pay down debts. Imperial Brands announced back in April 2019 that it had plans to […]
The post Imperial Brands Sells Premium Cigar Business for $1.33 Billion appeared first on Tobacco Business Magazine.
On April 23, 2020, Scandinavian Tobacco Group (STG) announced that it had completed its integration of Royal Agio Cigars [read more here]. With the integration of STG’s latest acquisition complete, the company rolled out changes, one of them that has resulted in the return of Régis Broersma as president of General Cigar Company. Back in […]
The post Régis Broersma Returns as President of General Cigar Company appeared first on Tobacco Business Magazine.
Scandinavian Tobacco Group (STG) has announced the completion of its integration of Royal Agio Cigars and now it’s talking about the rest of its plan moving forward. In a press release, STG stated that the integration of Royal Agio Cigars is expected to “deliver substantial cost synergies within sales and marketing, production and back office […]
The post Scandinavian Tobacco Group Completes Agio Cigars Integration appeared first on Tobacco Business Magazine.
The Premium Cigar Association (PCA) and Cigar Rights of America (CRA) are commending the decision made by the courts to extend the Substantial Equivalence (SE) deadline. The PCA and the CRA were among the organizations pushing for an extension for SE applications due to the disruption caused by the COVID-19 pandemic. On behalf of the […]
The post PCA and the CRA Comment on Substantial Equivalence Extension appeared first on Tobacco Business Magazine.
Matt Booth, owner of Room 101, has announced the return of a well-received cigar line–Death Bucket. Back in January 2017, Booth announced he was retiring from the cigar industry. That retirement, much to the delight of many in the industry, was short-lived. Five months into his retirement, he quietly began working on a new cigar […]
After Election Day 2020, Cigar Rights of America (CRA) will be without one of its most familiar faces and leaders. In a press release it was revealed that Glynn Loope, executive director of the CRA, would be stepping down from his position as of Nov. 4, 2020. Loope has served as executive director of the […]
The post Glynn Loope Stepping Down from Cigar Rights of America appeared first on Tobacco Business Magazine.
Rather than wait to announce the new releases coming for its Avo and Camacho brands, Oettinger Davidoff opted to hold a product showcase to make a splash. To help celebrate the company’s new launches, it chose a venue that would match the excitement and innovation seen in the company’s new products: the new Davidoff of […]
The post Road to Hard Rock: Davidoff Hard Rock’s Eric Douglas appeared first on Tobacco Business Magazine.
Frontier Brands has hired John Giese Sr. as vice president of sales and marketing. In a tobacco industry career spanning 41 years in various executive management positions, Giese has a long-established resume of building successful brands and catapulting them to success within the industry. As the vice president of sales and marketing, Giese will lead […]
The post Frontier Brands Hires Giese as VP of Sales and Marketing appeared first on Tobacco Business Magazine.
Philip Morris International CEO Andre Calantzopoulos joins “Squawk on the Street” to discuss how coronavirus has weighed on its business.
The following article was submitted by the National Association of Tobacco Outlets (NATO) NATO serves on the We Card board of directors and supports the We Card program. This week, We Card President Doug Anderson answered retailers’ questions related the challenges of verifying the legal age of customers who desire to purchase tobacco products during […]