Cigar News: Imperial Brands PLC Announces Sale of Premium Cigar Business

Posted on May 2, 2020May 2, 2020 by bostonjimmie

Imperial Brands PLC (“Imperial”) announces this week that it has agreed to the sale of its worldwide premium cigar businesses (“Premium Cigars”) to an investment consortia of individual investors in two distinct transactions for a total consideration of €1,225 million ($1.36 billion), which represents a multiple of 11.8x FY19 EBITDA on a standalone basis. The Read more about Cigar News: Imperial Brands PLC Announces Sale of Premium Cigar Business[…]

Cigar News: Imperial Brands PLC Divesting Premium Cigar Business

Posted on April 30, 2019April 30, 2019 by bostonjimmie

Have a few nickles laying around? It is being reported today that Imperial Brands, PLC has announced it plans to sell its premium cigar business, a business that includes such major non-Cuban brands as Montecristo, Romeo y Julieta, Aging Room, and H. Upmann. You may recognize these top brands as part of the Atlidas S.A. Read more about Cigar News: Imperial Brands PLC Divesting Premium Cigar Business[…]