{"id":3128,"date":"2020-10-29T14:04:29","date_gmt":"2020-10-29T21:04:29","guid":{"rendered":"http:\/\/canadacigarforum.com\/homev3\/?p=3128"},"modified":"2020-10-29T14:04:29","modified_gmt":"2020-10-29T21:04:29","slug":"imperial-completes-1-44-billion-sale-of-premium-cigar-business","status":"publish","type":"post","link":"http:\/\/canadacigarforum.com\/homev3\/?p=3128","title":{"rendered":"Imperial Completes $1.44 Billion Sale Of Premium Cigar Business"},"content":{"rendered":"<p><span class=\"article-base__info-date\">Posted on Oct 29, 2020<\/span><\/p>\n<p><span class=\"article-base__info-author\">By\u00a0<a title=\"See more from David Savona\" href=\"https:\/\/www.cigaraficionado.com\/author\/david-savona\">David Savona<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Some of the premium cigar industry\u2019s most prized assets officially have new owners. Today, Imperial Brands PLC completed the sale of its premium cigar business to an investment consortium for 1.225 billion euros ($1.44 billion). The sale includes a vast array of cigar brands, factories and companies: 50 percent of Cuba\u2019s Habanos S.A.; Tabacalera USA,\u00a0the company that makes and markets such non-Cuban cigar brands as\u00a0<a href=\"https:\/\/www.cigaraficionado.com\/brand\/montecristo-non-cuban\">Montecristo<\/a>,\u00a0<a href=\"https:\/\/www.cigaraficionado.com\/brand\/romeo-y-julieta-non-cuban\">Romeo y Julieta<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.cigaraficionado.com\/brand\/h-upmann-non-cuban\">H. Upmann<\/a>;\u00a0a pair of cigar factories, including one that\u2019s considered the world\u2019s largest;\u00a0and JR Cigars, one of the world\u2019s\u00a0<a href=\"https:\/\/www.cigaraficionado.com\/article\/casa-de-montecristo-to-open-28th-branded-cigar-lounge\">biggest cigar retail chains<\/a>. It\u2019s one of the\u00a0<a href=\"https:\/\/www.cigaraficionado.com\/article\/twelve-of-the-biggest-deals-in-the-handmade-cigar-industry\">biggest sales the cigar industry has ever seen<\/a>.<\/p>\n<p>It\u2019s also complex, and was split into two transactions. The U.S. division was acquired by a company named Gemstone Investment Holding Ltd., which bought Tabacalera USA, its assets Altadis USA, which is responsible for the distribution of premium cigars in the United States, online retailers JR Cigar, Serious Cigars and\u00a0<a class=\"vglnk\" href=\"http:\/\/cigars.com\/\" rel=\"nofollow\">Cigars.com<\/a>, plus the Casa de Montecristo retail chain.<\/p>\n<p>A company named Allied Cigar Corporation S.L. acquired the remaining premium cigar assets of Imperial, which includes half of Cuba\u2019s Habanos S.A., the company that exports all of Cuba\u2019s cigars.<\/p>\n<p><a href=\"https:\/\/www.cigaraficionado.com\/article\/imperial-completes-1-44-billion-sale-of-premium-cigar-business\">Read more&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Posted on Oct 29, 2020 By\u00a0David Savona &nbsp; Some of the premium cigar industry\u2019s most prized assets officially have new owners. Today, Imperial Brands PLC completed the sale of its premium cigar business to an investment consortium for 1.225 billion euros ($1.44 billion). The sale includes a vast array of cigar brands, factories and companies:<\/p>\n","protected":false},"author":18,"featured_media":3129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-3128","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\/3128","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=3128"}],"version-history":[{"count":1,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=\/wp\/v2\/posts\/3128\/revisions"}],"predecessor-version":[{"id":3130,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=\/wp\/v2\/posts\/3128\/revisions\/3130"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=\/wp\/v2\/media\/3129"}],"wp:attachment":[{"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3128"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/canadacigarforum.com\/homev3\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}