Tuesday, April 28, 2020

$1.3 Billion Deal For Imperial’s Premium Cigar Business


(Cigar Aficionado) British tobacco giant Imperial Brands PLC has agreed to sell its premium cigar business to an investment consortium for 1.225 billion euros ($1.3 billion). The sale includes 50 percent of Cuba’s Habanos S.A., as well as the company that makes and markets a treasure trove of non-Cuban cigar brands such as Montecristo, Romeo y Julieta and H. Upmann, a pair of cigar factories, including one that’s considered the world’s largest, and JR Cigars, one of the world’s biggest cigar retail chains. Continued

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