Cigar News: Imperial Brands PLC to Exit Cigar Business, the parent company behind , JR Cigars, Casa de Montecristo, and 50% of Habanos S.A., has announced they plan to sell their interests in premium cigars. aquired back in 2007 for $22.4 billion. Currently, premium cigars is not focus, as they have products like Blu e-cigarettes and John Player cigarettes, but they are one of the largest players in the premium cigar industry.

stated that this is part of their plan to divest £2 billion ($2.59 billion) of its assets it announced in 2018. So far it has only completed £280 million ($362 million) or 14 percent, of this amount.

“Premium Cigars has performed well over a number of years with good revenue and profit growth; however, it is a unique luxury business with a different consumer base and route to market relative to Imperial’s other businesses,” said the statement. “The sale of the business provides an attractive opportunity to realise shareholder value.”

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In addition to these cigar companies mentioned above, they also own large stakes in many local Cuban distributors. These include:

In addition to the aforementioned companies, Imperial owns stakes in most—if not all—local Cuban cigar distributors, that includes:

  • 27.5% of 5th Avenue Products Trading GmbH
  • 25% of Caribbean Cigars Corporation NV
  • 50% of Coprovoa SAS
  • 50% of Cuba Cigar S.L.
  • 50% of Cubacigar Benelux N.V.
  • 30% of Diadema Spa
  • 50% of Habanos Nordic AB
  • 25% of Havana House
  • 25% of Hunters & Frankau
  • 50% of Infifon Hong Kong Limited
  • 25% of Maori Tabacs S.A.
  • 25% of Pacific Cigar Co. (Various)
  • 25% of Phoenicia TAA Cyprus Ltd

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