The sale of Imperial Brands PLC premium cigar business has been completed. Last month it had been announced that both parties had agreed to complete the transaction on October 29, 2020. This was a slight delay from the original September 30, 2020. Under the agreement, Imperial Gemstone Investment Holding Ltd and Allied Cigar Corporation, S.L. […]
Back in April, Imperial Brands PLC announced it had reached an agreement with Gemstone Investment Holding Ltd and Allied Cigar Corporation, S.L. to purchase its premium cigar business. Today the tobacco conglomerate has announced that due o the challenges of the COVID-19 pandemic, the parties have agreed to complete both transactions on October 29, […]
Imperial Brands PLC has announced it has agreed to the sale of its worldwide premium cigar business. The sale is being done in two distinct transactions to different investment groups. The total proceeds of the sale total €1,225 million (£1,074 million or approximately $1.3 B.). Under what was agreed to: Gemstone Investment Holding Ltd will […]
Imperial Brands PLC has announced that Stefan Bomhard will be its new Chief Executive Officer. Bomhard comes from Inchcape plc, a global distribution and retail company in the premium and luxury automotive sectors where he has served as CEO since 2015. Bomhard will succeed Alison Cooper, whom the company announced back in October would be […]
Imperial Brands PLC today has announced that Thérèse Esperdy, currently the company’s Senior Independent Director, will succeed Mark Williamson as Chairman, effective January 1, 2020. The announcement came concurrently as Imperial Brands announced its earnings would fall below expectations. Meanwhile, the company has not announced a buyer for its premium cigar business it is divesting […]
Imperial Brands PLC has announced that Chief Executive Officer Alison Cooper will step down from the role of CEO. The move will take place once the Board of Directors finds a successor. In a press release Imperial Brands PLC Chairman Mark Williamson, said: “Alison has worked tirelessly and with great energy and passion during […]
The month of April ended quite differently than I expected when it came to covering the world of cigars. An announcement was made that will potentially be the biggest cigar media story of the year – namely, Imperial Brands planning to exit the cigar industry. With the IPCPR Trade Show scheduled to start at the end […]
Imperial Brands PLC has announced it is selling its worldwide premium cigar business. The move comes almost one year since the company first announced plans for divestiture opportunities. Imperial Brands premium cigar business includes brands of Tabacalera Premium Cigars, Altadis U.S.A., JR Cigars, Casa de Montecristo retail operations, Santa Clara Cigars, and Imperial’s 50% stake […]
Imperial Brands PLC has announced it is targeting divestiture opportunities in its business portfolio. The company announced it is planning £2 billion ($2.7B) over the next 12 to 24 months. In a recent interim earnings report, Imperial Brands Chief Executive Alison Cooper commented, “As we sharpen our focus on the brands, products and markets that are […]
