Sometimes, cigar companies get sold. This often causes customers to get upset. We talk about the various reasons that owners may decide to sell their company. The Cigar Authority is a member of the United Podcast Network and is recorded live in front of a studio audience at Studio 21 Podcast Cafe upstairs at Two Guys Smoke Shop in Salem, NH and as always you can find many of the cigars we discuss at https://www.2GuysCigars.com/.
Today, we have Rick Rodriguez from West Tampa Tobacco Company joining us on The After Show. We are talking about cigar companies that have been sold and what the original owners might think of them today. The Cigar Authority is a member of the United Podcast Network and is recorded live in front of a studio audience at Studio 21 Podcast Cafe upstairs at Two Guys Smoke Shop in Salem, NH and as always you […]
The highest volume independent online cigar company is, yet again, expected to be sold to a cigar manufacturer as direct to consumer sales continue in the cigar industry. Famous Smoke Shop was formed in 1939 by David and Rose Zaretsky in New York City. In the year 2000, after increased taxes in NY, Arthur Zaretsky, son of the founders of the company and then owner, moved its operations to Pennsylvania. Famous Smoke Shop was a […]
Imperial Brands PLC (“Imperial”) has announced it has agreed the sale of its worldwide premium cigar businesses (“Premium Cigars”) to investment consortia of individual investors in two distinct transactions for a total consideration of €1,225 million (1,329 million USD), which represents a multiple of 11.8x FY19 EBITDA on a standalone basis. The disposal reinforces Imperial’s focus on simplifying its business and realising value for shareholders. The sale multiple recognises the luxury nature of the businesses’ […]
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 […]