Vector Group

From Wikipedia, the free encyclopedia
Jump to: navigation, search
This article is about the publicly traded holding company. For the electrical engineering method of categorizing voltage, see Vector group.
Vector Group Ltd.
Traded as NYSEVGR
Industry Diversified holding
Genre Holding company
Founded 1999 (16 years ago) (1999)
Founder Bennett S. LeBow
Headquarters 4400 Biscayne Boulevard
Miami, Florida 33137
, United States
Key people
Bennett S. LeBow Chairman
Howard Lorber President and Chief Executive Officer
Products Alcoholic beverages, hotels, mortgage services, property management, tobacco, real estate
Revenue $2.1 billion
$75.0 million
Total assets $927.8 million
Number of employees
Subsidiaries Liggett Group LLC
Liggett Vector Brands LLC
New Valley LLC
Vector Tobacco

Vector Group Ltd. is an American publicly traded holding company, headquartered at 4400 Biscayne Boulevard in Miami, Florida.

It was founded in 1999 by its chairman, financier Bennett S. LeBow. Howard Lorber serves as the company's president and chief executive officer.[1]

In 2013, Forbes magazine named the Vector Group as one of "America's 100 Most Trustworthy Companies".[2]



  • Liggett Group – a tobacco company; founded in 1873; maker of Eve 120s-branded discount products; and Pyramid, Grand Prix and Liggett Select products in the deep discount category; also produces a number of private-label and distributor-exclusive brands for a total of more than 136 brand styles
  • Liggett Vector Brands LLC – coordinates the sales and marketing, along with certain support functions, for both Liggett Group and Vector Tobacco
  • New Valley LLC (formerly known as Western Union) – seeks to acquire additional operating companies and real estate companies; owns 70 percent of Douglas Elliman, which operates the largest residential brokerage company in the New York metropolitan area
  • Vector Tobacco Inc. – engaged in research relating to reduced-risk cigarette products and in the manufacture of conventional cigarettes; based in North Carolina

Investments and real estate holdings[edit]

  • 100 Eleventh Avenue – a real estate development, which features a 23-story tower at the intersection of 19th Street and the West Side Highway, along the Hudson River in the Manhattan borough of New York City, New York; designed by French architect Jean Nouvel; consists of 54 luxury residential units and one commercial unit
  • Castle Brands (NYSEROX) (11% ownership) – an international importer and marketer of premium spirits; brands include Clontarf Whiskey, Boru Vodka and Gosling's Rum
  • CoCrystal Discovery – a privately held biopharmaceutical company; co-founded by Roger D. Kornberg, who was awarded the 2006 Nobel Prize in Chemistry; the company is focused on the discovery and development of new antiviral therapeutics for the treatment of serious and chronic viral diseases
  • Escena – a 450-acre approved master-planned community in Palm Springs, California; includes 867 residential lots with site and public infrastructure, an 18-hole golf course, a substantially completed clubhouse, and a seven-acre site approved for a 450-room hotel
  • Fifty Third-Five Building – in 2010, New Valley, through its NV 955 LLC subsidiary, contributed $18 million to a joint venture, Fifty Third-Five Building LLC ("JV"), of which it owns 50 percent; in 2010, the JV acquired a defaulted real estate loan, collateralized by real estate located in New York City, New York, for approximately $35.5 million
  • Ladenburg Thalmann (NYSELTS) (7.6% ownership) – an investment bank and stock brokerage; founded in 1876
  • Morgans Hotel Group (NASDAQMHGC) (6.4% ownership) – a hospitality company that owns and operates boutique hotels as well as acquiring and redeveloping in the United States and Europe; hotels owned or managed include the Mondrian Hotel, the Delano Hotel and the Shore Club Hotel
  • OPKO Health (NYSEOPK) – a specialty healthcare company, engaged in the discovery, development and commercialization of proprietary pharmaceuticals, drug delivery technologies, diagnostic systems, and instruments for the treatment, diagnosis, and management of ophthalmic disorders
  • SG Blocks (OTCBB: SGBX) (8.8% ownership) – redesigns, repurposes, and converts heavy-gauge steel cargo shipping containers into safe green building blocks for commercial, industrial, and residential building construction applications; also offers architectural and engineering design, pre-development, and project management services, as well as oversight of the building erection, cladding, and finishes.
  • Sesto Holdings S.r.l. – New Valley, through its NV Milan LLC subsidiary, acquired a 7.2-percent interest in Sesto Holdings S.r.l. for $5 million in October 2010; Sesto holds a 42-percent interest in an entity that has purchased approximately 322 acres in Milan, Italy; Sesto intends to develop the land as a multi-parcel, multi-building mixed-use urban-regeneration project

Former investments[edit]

Additional offices[edit]

The company has additional offices at 712 5th Avenue in the Manhattan borough of New York City, New York.

See also[edit]


  1. ^ Database (undated). "Vector Grp Ltd". Frankfurt Stock Exchange. Retrieved June 14, 2014.
  2. ^ Smith, Jacquelyn (March 18, 2013). "America's 100 Most Trustworthy Companies". Forbes. Retrieved June 14, 2014. 

External links[edit]