Swedish Match has announced it is exiting the cigar business. The company has announced it intends to separate its cigar business into a spin-off company and completely get out of the business of manufacturing combustible tobacco products. The move is expected to be completed by the second half of 2022 as it will require […]
In 2010, Scandinavian Tobacco Group and Swedish Match AB formed a new company under the Scandinavian Tobacco Group name. At that time, Swedish Match brought its premium cigar, tobacco, and pipe business with STG’s tobacco business. Yesterday that arrangement came to an end as it was announced that Swedish Match had sold its remaining shares […]
