Cigar Weekly

bigw · 02-26-2011, 08:31 PM

I just read that they own Cigars International???who knew???

thebayratt · 02-26-2011, 08:43 PM

Interesting....

link?

tchapchap · 02-27-2011, 09:47 AM

Try THIS one.

MORE

Even MORE

Any doubt Swedish Match is a heavy player?

Briandg · 02-27-2011, 11:49 AM

According to the article, CI turned over 60 million in usd (current value vs kronor) in the year of purchase. That is a hell of a lot of revenue turnover. Swedish match is a big and diverse company that followed the phillip morris/kraft model, to diversify into other products and services. They have a lot to offer each other, buying general, now ci, and folding assets and revenue together in a tobacco giant.

This is basically the same reason for JR and altadis to be merged.

So, have there been any really big changes at CI in the past few years that were notable?

Mowee · 02-27-2011, 12:00 PM

Actually, Swedish Match does not own CI anymore. It is owned by ST-Group out of Denmark in the new Joint Venture announced about a year ago and formalized in October. ST-Group owns General cigar. Logista, a division of Altadis, owns JR.

Zman · 02-27-2011, 02:29 PM

Swedish Match and Scandinavian Tobacco have merged their premium cigar operations. Swedish match owns 49% and Scandinavian tobacco owns 51%. In the deal Swedish Match gave General Cigar, Cigar international, Club Macanudo, factories in the DR(General Cigar Dominicana and El Credito) Honduras(HATSA known as Villazon) as well as their tobacco farms in CT which is probably one of the largest suppliers of CT Shade Tobacco in the world. Scandinavian Tobacco Group gave their CAO group as well as their factories and other cigars that were owned by Scandinavian Tobacco Group and a monetary amount to Swedish Match. The New company is known as ST Group. Swedish Match kept their machine made cigars and smokeless tobacco.

Zman

02-26-2011, 08:31 PM	#1
bigw Club Member Join Date: Feb 2002 Location: Florida, NY USA Posts: 4,806	Swedish Match I just read that they own Cigars International???who knew??? __________________ Life's too short to smoke cheap cigars

02-26-2011, 08:43 PM	#2
thebayratt Member Join Date: Feb 2010 Location: Pascagoula MS Posts: 275	Interesting.... link? __________________ Its not about cost.......... its all about taste! http://nicetightash.com/

02-27-2011, 09:47 AM	#3
tchapchap Contributing Editor Club Member Join Date: Dec 2003 Location: Right here Posts: 4,283	Try THIS one. MORE Even MORE Any doubt Swedish Match is a heavy player? __________________ My Albums (___\|CW\|_______))))~~~~ *(unauthorized use of signature prohibited )*

02-27-2011, 12:00 PM	#5
Mowee Contributing Editor Club Member Join Date: Apr 2001 Location: Dallas, TX USA Posts: 2,782	Actually, Swedish Match does not own CI anymore. It is owned by ST-Group out of Denmark in the new Joint Venture announced about a year ago and formalized in October. ST-Group owns General cigar. Logista, a division of Altadis, owns JR. __________________ Herfin in Dallas? Let us know! http://groups.yahoo.com/group/dfw-cigarsociety/

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02-27-2011, 11:49 AM	#4
Briandg CW Squirrel Wrangler Herf God Join Date: Dec 2002 Location: southwest Missouri Posts: 35,518	According to the article, CI turned over 60 million in usd (current value vs kronor) in the year of purchase. That is a hell of a lot of revenue turnover. Swedish match is a big and diverse company that followed the phillip morris/kraft model, to diversify into other products and services. They have a lot to offer each other, buying general, now ci, and folding assets and revenue together in a tobacco giant. This is basically the same reason for JR and altadis to be merged. So, have there been any really big changes at CI in the past few years that were notable?

02-27-2011, 02:29 PM	#6
Zman Member Join Date: Jan 2003 Location: Cliffside PK, NJ Bergen County Posts: 392	Swedish Match and Scandinavian Tobacco have merged their premium cigar operations. Swedish match owns 49% and Scandinavian tobacco owns 51%. In the deal Swedish Match gave General Cigar, Cigar international, Club Macanudo, factories in the DR(General Cigar Dominicana and El Credito) Honduras(HATSA known as Villazon) as well as their tobacco farms in CT which is probably one of the largest suppliers of CT Shade Tobacco in the world. Scandinavian Tobacco Group gave their CAO group as well as their factories and other cigars that were owned by Scandinavian Tobacco Group and a monetary amount to Swedish Match. The New company is known as ST Group. Swedish Match kept their machine made cigars and smokeless tobacco. Zman