Shareholders Push for Big Changes at Imperial Brands

Isambard Kingdom Brunel

(Tobacco Business) According to a new report from Financial Times, some of Imperial Brands’ biggest shareholders are pushing for big changes at the tobacco giant. This comes after news that Imperial Brands would be selling off its premium cigar business [read more here].
According to the report, shareholders of Imperial Brands are asking for changes in leadership at the company in addition to the sale of different parts of the company. This comes after a decrease in the share price which is nearly half of what it was three years ago. Imperial Brands has already revealed plans to sell some of its tobacco brands and to combat the decline in cigarette sales with increased investments in harm reduction and smoking alternatives. While exact plans have yet to be named, Imperial Brands has made plans to sell its once lucrative premium cigar business in a move it hopes will help declining sales and debt. Continued