Imperial Tobacco Group is a British tobacco company, in 2012 the fourth largest in the world. Its headquarters are located in Bristol, England. The company's shares are listed on the London Stock Exchange, part of the FTSE 100 index.
Business in Russia
2022
Cigar House Fortune was bought by Russian business Imperial Brands
On April 20, 2022, it was announced that Russian investors bought out the assets of the tobacco company Imperial Brands, which produces Winston, West, Davidoff cigarettes. More than 1,500 Russians employed in production will retain their jobs. The amount of the transaction has not been disclosed.
According to Kommersant, Imperial Brands transfers its Russian business to Fortuna Cigar House (SDF), a joint venture of Megapolis distributor Igor Kesaev, Sergei Katsiev and Ukrainian businessman Vitaly Belous. SDF will move to the factory in Volgograd, which produces the brands Davidoff, West, Jade, P&S and Maxim, and a sales office in Moscow. The SDF sells cigars, tobacco, smoking accessories, materials and equipment, manages its own retail.
Imperial Brands occupies about 5.5% of the Russian tobacco market, the publication cites data from Business Analytics. JTI has more than 30%, Philip Morris has about 28%, British American Tobacco has 15-16%. Maxim Korolev, editor-in-chief of the Russian Tobacco news agency, believes that the share of Imperial Brands in the market is unlikely to change much with the change of business owner in Russia. According to him, the cost of cigarette production will increase due to logistical difficulties, and the demand for tobacco products in Russia is mainly determined by the price.
Andrei Sterlin, head of Business Analytics, adds that with the branch of Russian business, management efficiency and decision-making speed may also increase. As Korolev notes, mainly the demand for cigarettes in Russia is determined by the price. And the cost of cigarette production due to logistical difficulties will increase, so suppliers of tobacco products from Belarus will probably benefit from the situation, he notes.[1]
Business stoppage in Russia
In March 2022, the company announced that it was stopping its business in Russia. The company explains this decision by "the difficult situation in Russia as a result of international sanctions and subsequent serious interruptions in work" against the background of a special operation by the Russian Armed Forces in Ukraine. Russian employees will continue to receive salaries during the shutdown of production.
On March 15, 2022, it was announced that Imperial Brands would transfer the business to a Russian company.
2012: Cigarette factories in Yaroslavl and Volgograd
In Russia, Imperial Tobacco is represented by two cigarette factories (Balkan Star CJSC in Yaroslavl and Reemtsma-Volga Tobacco Factory LLC in Volgograd) and Imperial Tobacco Sale and Marketing.
The company has such well-known brands as Davidoff, R1, Gauloises, West Streamtec, West Tri-logic, West Fusion, Style, Imperial Classic, Golden Ring, Maxim, Balkan Star, as well as cigarettes without the Iskra and Prima filter.
History
2016: Renamed Imperial Brands
In February 2016, Imperial Tobacco for Tobacco Distance was renamed Imperial Brands.
2008: Buying the world's fifth tobacco company Altadis
In 2008, Imperial Tobacco acquired the world's fifth largest tobacco company, Altadis.
2007: $1.9 billion Commonwealth Brands purchase
In 2007, Imperial Tobacco acquired Commonwealth Brands Inc., the fourth largest tobacco company in the United States, for $1.9 billion .
2003: Takeover of the world's fourth tobacco company Reemtsma Cigarettenfabriken
In 2003, Imperial Tobacco acquired the world's fourth largest tobacco company, Reemtsma Cigarettenfabriken, from Germany.
1996: Separation from Hanson to Imperial Tobacco
In 1996, in accordance with the decision to focus on tobacco production, there was a separation of Hanson and Imperial.
1986: Company acquired by Hanson plc conglomerate for £2.5bn
In 1986, the company was acquired by the Hanson plc conglomerate for £2.5 billion.
1973: Buying restaurant chains and renaming to Imperial Group
In 1973, Imperial Tobacco Company, taking up (among other things) the purchase of restaurant chains and distribution activities, changed its name to Imperial Group.
1902: Establishment of a joint venture with the American Tobacco Company
In 1902, the Imperial Tobacco Company and the American Tobacco Company reached an agreement on the creation of a joint venture British American Tobacco and the division of spheres of influence. "American Tobacco" sold its stake in 1911, while "Imperial Tobacco" retained interest in "British American Tobacco" until 1980.
1901:13 British companies merge into Imperial Tobacco Company
The Imperial Tobacco Company was created in 1901 by combining 13 British companies that produce tobacco and cigarettes and fear competition from the American Tobacco Company:
- "W. D. & H. O. Wills" of Bristol (the leading producer of the time),
- "John Player & Sons" from Nottingham
and 11 small independent family businesses, including
- "Stephen Mitchell & Son."
- "Lambert & Butler."
- "William Clarke & Son."
- «Franklyn Davey»
- «Edwards Ringer»
- «J & F Bell
- F & J Smith».
Notes
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