Royal Agio Cigars is now a part of Scandinavian Tobacco Group (STG). Today STG has announced it has completed its acquisition of Royal Agio Cigars. On September 16, Scandinavian Tobacco Group announced its intent to acquire Royal Agio Cigars. The transaction was pending regulatory approvals which have now been completed. While many in the U.S. […]
Scandinavian Tobacco Group (STG) has announced that Sarah Santos will succeed the retiring Craig Reynolds as the head of North American Online and Retail Division (NAO&R), the group that includes online retail giant Cigars International. Santos’ title will be President of NAO&R and Senior Vice President of STG. Santos will assume her role […]
On September 16, 2019, there came shocking news to many in the cigar industry that Royal Agio Cigars was being acquired by tobacco giant Scandinavian Tobacco Group (STG). As we typically do on Cigar Coop, we will here offer analysis on what this news could mean for both parties as well as cigar enthusiasts. Why […]
Scandinavian Tobacco Group has announced its intent to acquire all of the shares of Agio Beheer B.V. from Highlands Beheer B.V. Agio Beheer B.V. is the holding company of the Royal Agio Cigars. The deal is expected to complete in the first half of 2020 and is subject to regulatory approval. On a debt and […]
General Cigar will be looking for a new President. Today Scandinavian Tobacco Group announced that Régis Broersma, President of General Cigar and Senior Vice President of Scandinavian Tobacco Group’s North America Branded Business Division has accepted a new role in Scandinavian Tobacco Group (STG) and will be relocating to Europe shortly to take over the […]
Last year, Scandinavian Tobacco Group (STG) acquired long-time online retailer Thompson Cigar. Now STG has begun the process of consolidating its retail operations and as a result, Thompson Cigar’s Tampa-based operations will shut down and result in a layoff of the supporting staff. STG is also the owner of Cigars International, the massive retail operation […]
Cigars International, the retail giant owned by Scandinavian Tobacco Group, has opened its fourth U.S. store, and its first outside the U.S. The store is located just outside the Dallas-Fort Worth Metroplex in the Grandscape development of the city of The Colony. “Given that the handmade cigar category was built on the kinds of personal interactions that can […]
Well-known Irish pipe and pipe tobacco manufacturer, Kapp & Peterson Limited has been sold. Laudisi, a U.S.-based retailer, distributor, and manufacturer of premium pipes and pipe tobacco, has purchased the Peterson pipe factory and the Peterson of Dublin shop on Nassau Street. Meanwhile, Scandinavian Tobacco Group (STG), best known as the parent company of General Cigar […]
Scandinavian Tobacco Group (STG), the global parent company to General Cigar, has reported its Q1 (January 1 – March 31) 2018 earnings. While the company reported negative growth in its machine-made category, it did report increased growth in the handmade cigars category. Overall Highlights of the earnings included: Net Sales of 1,285 million DKK showing […]
Scandinavian Tobacco Group (STG) has announced its acquisition of Thompson Cigar is now completed. It was back on January 31st that STG announced it had entered into an agreement to acquire the U.S. based retail giant. In a press release, STG commented, “The acquired business is a leading online retailer of cigars in the […]
