{"id":3093,"date":"2020-04-27T18:18:16","date_gmt":"2020-04-28T01:18:16","guid":{"rendered":"http:\/\/canadacigarforum.com\/homev3\/?p=3093"},"modified":"2020-04-27T18:18:16","modified_gmt":"2020-04-28T01:18:16","slug":"imperial-sells-premium-cigar-business-for-1-3-billion","status":"publish","type":"post","link":"http:\/\/canadacigarforum.com\/homev3\/?p=3093","title":{"rendered":"Imperial Sells Premium Cigar Business for $1.3 billion"},"content":{"rendered":"<p>Posted on\u00a0<a href=\"https:\/\/halfwheel.com\/date\/2020\/04\/27\/\">APRIL 27, 2020<\/a><\/p>\n<p>By\u00a0<a title=\"Posts by Charlie Minato\" href=\"https:\/\/halfwheel.com\/author\/charlie\/\" rel=\"author\">CHARLIE MINATO<\/a><\/p>\n<p>&nbsp;<\/p>\n<div class=\"g g-15\">\n<div class=\"g-single a-1145\"><\/div>\n<\/div>\n<p>Imperial Brands, plc has announced that it has a deal in place to sell its premium cigar assets for \u20ac1.225 billion ($1.33 billion) in two stages.<\/p>\n<p>Little is known about the buyers\u2014Gemstone Investment Holding Ltd and Allied Cigar Corporation S.L., two companies that appear to be holding companies created for this deal\u2014but it is expected that the current management teams will remain in their positions. Imperial hasn\u2019t explained why the deal needs to happen in two separate transactions, but the buyer is believed to be one group.<\/p>\n<p>Gemstone Investment Holding Ltd will buy the company\u2019s U.S.-based businesses for \u20ac185 million ($200 million), a deal that will include Tabacalera USA which is made up of:<\/p>\n<ul>\n<li>Altadis U.S.A. \u2014 The company behind Montecristo, Romeo y Julieta and others in the U.S.<\/li>\n<li>Casa de Montecristo \u2014 A chain of high-end retail stores, some owned by Imperial and others owned by franchise operators.<\/li>\n<li>JR Cigar \u2014 The second-largest cigar retailer in the world.<\/li>\n<\/ul>\n<p>Allied Cigar Corporation S.L. will pay \u20ac1.04 billion ($1.128 billion) for the rest of the premium cigar assets, including:<\/p>\n<ul>\n<li>Flor de Copan \u2014 A cigar factory in Honduras.<\/li>\n<li>50 percent stake in Habanos S.A. \u2014 A joint-venture with the Cuban tobacco monopoly in the company that controls the sales and marketing of Cuban cigars worldwide.<\/li>\n<li>50 percent stake in Internacional Cubana de Tabaco S.A. \u2014 A joint-venture which makes Cuban machine-made cigars<\/li>\n<li>50 percent stake in Promotora de Cigarros S.L. \u2014 A joint-venture which distributes Cuban machine-made cigars around the world.<\/li>\n<li>Tabacalera de Garc\u00eda \u2014 The world\u2019s largest cigar factory.<\/li>\n<li>VegaFina<\/li>\n<li>Stakes in local Habanos distributors around the world through a 50 percent share of Altabana S.L.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/halfwheel.com\/imperial-sells-premium-cigar-business-for-1-3-billion\/375668\/?utm_content=buffer8ffe1&amp;utm_medium=social&amp;utm_source=twitter.com&amp;utm_campaign=buffer\">Read more&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Posted on\u00a0APRIL 27, 2020 By\u00a0CHARLIE MINATO &nbsp; Imperial Brands, plc has announced that it has a deal in place to sell its premium cigar assets for \u20ac1.225 billion ($1.33 billion) in two stages. Little is known about the buyers\u2014Gemstone Investment Holding Ltd and Allied Cigar Corporation S.L., two companies that appear to be holding companies<\/p>\n","protected":false},"author":18,"featured_media":3094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-3093","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cigar-news"},"_links":{"self":[{"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=\/wp\/v2\/posts\/3093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3093"}],"version-history":[{"count":1,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=\/wp\/v2\/posts\/3093\/revisions"}],"predecessor-version":[{"id":3095,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=\/wp\/v2\/posts\/3093\/revisions\/3095"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=\/wp\/v2\/media\/3094"}],"wp:attachment":[{"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3093"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}