Matt Booth and Room 101 were acquired by STG (Forged). Will there be more acquisitions and does this hurt the cigar industry? 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/.
The parent company of General Cigars, Scandinavian Tobacco Group has completed a deal for the acquisition of 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 transaction is valued at EUR 210 million (UD 231 millon). The Scandinavian Tobacco Group acquisition will be financed by cash at hand and debt. The transaction is subject to satisfactory conclusion of a […]
Scandinavian Tobacco Group (STG) has announced the acquisition of Thompson Cigar, a major online retailer based in Tampa, Florida. Thompson Cigar has been rumored to be on the market for some time and was founded in 1915 before being sold in 1960 to Robert Franzblau. Thompson’s is America’s oldest Mail Order Cigar Company and it is believed they have over 600,000 active customers nationwide and on average 167,800 people visit their website monthly. STG which […]
Drew Estate announces today that it has appointed STG Canada as its exclusive distribution partner for both domestic and Duty-Free premium cigar markets in Canada. This partnership will be effective August 28st, 2017, Vice President of International Business Development at Drew Estate Alex Goldman noted, “We are excited about our partnership with STG Canada, and plan to build on the success that we have enjoyed in this tough market over the past few years. I […]
According to a report on Bloomberg news, the owners of Scandinavian Tobacco Group are in talks with private equity firms about a possible sale of the company. According to unnamed sources of Bloomberg, CVC Capital Partners Ltd., Rhone Capital LLC and Pamplona Capital Management LLP, are bidding for the Copenhagen-based company Scandinavian Tobacco Group employs over 9,000 people in 20 countries and in 2010 merged with the cigar and pipe tobacco business of Swedish Match. […]
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 […]