Scandinavian Tobacco Group (STG) has announced it is dividing its portfolio of premium cigar brands. Several brands will be moving into a new subsidiary known as Forged Cigar Company while other brands will remain under the existing General Cigar Company umbrella. STG says the move is being made to position support for its brick and […]
Scandinavian Tobacco Group (STG) has announced that Hector Vanegas, who served as the manufacturing manager of STG Estelí factory, has passed away at the age 50 after a brief illness. Vanegas was described as a humble and well-respected man in the premium cigar industry. Vanegas first joined STG on November 1, 2005, as the plant […]
Earlier this week Scandinavian Tobacco Group (STG) announced the re-organization of its business into three business units, and plans to close three non-premium production facilities. Concurrently STG announced the completion of integrating Royal Agio Cigars into its business. The three business units of STG’s organizational structure include: North America Branded & RoW (Rest of World): […]
Last year it was announced that Régis Broersma would be accepting a new role in Scandinavian Tobacco Group (STG) and would be stepping aside as President of General Cigar. At the time of the announcement, it was stated that Broersma would continue in the role as President of General Cigar until a successor was found. […]
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 […]
