Belgian family business J. Cortès recently signed an agreement for acquisition of the USA-based Oliva Cigars family business with branches in Miami and Nicaragua. With this acquisition, J. Cortès aims to diversify its product portfolio and further establish its position in the worldwide market. The combined annual turnover equals 100 million dollar. A family business firmly branching out in two continents, is unprecedented in the cigar industry. When you hear CEO Fred Vandermarliere, you hear […]
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J. Cortes
When we first reported Oliva was sold, we may not of had the buyer right but we knew the process was close to being completed. While the parent company of General Cigar was involved in the bidding they did not close the sale and were outbid. Now we know that Oliva Cigar Company is close to having a new owner and that is Belgian Cigar Maker, J. Cortes. While the name may not be known to […]