Vector Group
Template:Short description Script error: No such module "For". Script error: No such module "Unsubst". Template:Use American English Script error: No such module "Infobox".Script error: No such module "Check for unknown parameters".Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for deprecated parameters".
Vector Group Ltd. was an American diversified holding company with two major businesses: Liggett Group[1] (tobacco) and New Valley (real estate).[2] In August 2024, Vector Group agreed to be acquired by Japan Tobacco (JT Group) to become a wholly owned consolidated subsidiary of JT.[3] The deal was completed in October 2024.[4]
Bennett S. LeBow founded Vector Group in 1986. Since then, he has served as Chairman. Howard Lorber has served as the Company's President and Chief Executive Officer since 1994.[5] Vector Group was previously called Brooke Group.[6]
Holdings
Subsidiaries
Founded in 1873, Liggett Group is the fourth-largest cigarette manufacturer in the U.S.[7] Liggett operates in the discount cigarette market. As of March 31, 2019, Liggett's family of brands represented a 14% share of the discount market.[8] Its core brands include: Pyramid, Grand Prix, Liggett Select, Eve, Eagle 20's, and Montego.[9][10] Vector Tobacco is engaged in the manufacture of conventional cigarettes, based in North Carolina.
New Valley LLC (formerly known as Western Union)[11] is a diversified real estate company that acquires or invests in real estate properties or projects. It has invested in more than 30 real estate projects as of March 31, 2019.[8]
New Valley previously owned 100 percent[12] of Douglas Elliman, the largest residential real estate brokerage firm in the New York metropolitan area and fourth-largest residential brokerage firm in the U.S.[13] In December 2021, Vector Group completed the spin-off of Douglas Elliman into a standalone, publicly traded company.[14]
Office locations
Vector Group and New Valley's headquarters are in Miami, Florida[15] and they have an additional office in New York, New York.[16]
See also
Script error: No such module "Portal".
References
Page Template:Reflist/styles.css has no content.
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ a b Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Cite error: Script error: No such module "Namespace detect".Script error: No such module "Namespace detect".
- ↑ Script error: No such module "citation/CS1".
Script error: No such module "Check for unknown parameters".
External links
- Script error: No such module "URL".Script error: No such module "Check for unknown parameters"., the company's official website
- Business data for Vector Group Ltd.: Template:Hlist
Script error: No such module "Navbox".
Script error: No such module "Authority control".
