Yesterday, Imperial Tobacco issued their earning report which showed a decrease of 7% in tobacco revenue. But one item of note was a reference to the tobacco harvested in Cuba. According to the report, the poor leaf harvest will affect the supplies of both Cohiba and Montecristo Cigars. These cigars also happen to be the most counterfeited cigars in the world. The company also announced that it will be cutting 540 jobs.
In the early hours of the morning stateside, news came from Copenhagen that the world’s largest cigar manufacturer was set to enter the stock market. The stock will be publicly offered on the Nasdaq OMX Copanhagen exchange. According Jorgen Tandrup the chairman of STG “A listing of Scandinavian Tobacco Group is a good opportunity. Stock market looks good at the moment.” In addition to being the world’s largest cigar manufacturer, STG is also the world’s […]