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Vector Group is small potatoes next to Big Tobacco, but it's reaching into new niches. The holding company's Liggett Group makes discount cigarettes under brands including Liggett Select, Grand Prix, Pyramid, and Eve, and several generic lines of cigarettes for other companies. In 2008 the group launched its first smokeless tobacco product. The group is also engaged in developing "reduced risk cigarettes" through its Vector Tobacco (VT) subsidiary. VT manufactures the QUEST brand, a line of low-nicotine and nicotine-free cigarette products. The firm's real estate arm, New Valley, owns a 50% stake in the New York City broker Douglas Elliman Realty and a hotel in Hawaii. It's looking to acquire other properties.
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| | | Contact Information | |
Address: |
100 SE 2nd St.
Miami, FL 33131
| | Phone: | 305-579-8000 | | Fax: | 305-579-8001 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 565.20 M | | Revenue Growth (1 yr): | 1.80% | | Employees (2008): | 430 | | Employee Growth (1 yr): | 0.00% |
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Key People
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Chairman:
Bennett S. LeBow
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President, CEO, and Director:
Howard M. Lorber
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VP, CFO, and Treasurer:
J. Bryant Kirkland III
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