Vector Group: Difference between revisions
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===Other investments=== |
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Vector Group also owns a portions of [[Ladenburg Thalmann]] Financial Services Inc. and of [[Castle Brands]] Inc.'''<ref>{{cite web |url=https://ir.stockpr.com/ladenburg/all-sec-filings/content/0001493152-19-006191/0001493152-19-006191.pdf|title=LADENBURG THALMANN FINANCIAL SERVICES INC. |publisher=SEC|date=December 31, 2019}}</ref> |
Vector Group also owns a portions of [[Ladenburg Thalmann]] Financial Services Inc. and of [[Castle Brands]] Inc.'''<ref>{{cite web |url=https://ir.stockpr.com/ladenburg/all-sec-filings/content/0001493152-19-006191/0001493152-19-006191.pdf|title=LADENBURG THALMANN FINANCIAL SERVICES INC. |publisher=SEC|date=December 31, 2019}}</ref><ref>{{cite web |url=http://investor.castlebrandsinc.com/static-files/ecf8487e-744e-4b39-93e5-6341f7fbf9ce|title=CASTLE BRANDS INC.|publisher=SEC|date=December 31, 2019}}</ref> |
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==Office locations== |
==Office locations== |
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Revision as of 19:08, 30 June 2019
| Vector Group | |
| Company type | Public |
|---|---|
| NYSE: VGR Russell 2000 Component | |
| ISIN | US92240M1080 |
| Industry | Diversified holding |
| Genre | Holding company |
| Founded | 1986.[1] |
| Founder | Bennett S. LeBow |
| Headquarters | Miami, Florida , United States |
Key people | Bennett S. LeBow Chairman Howard Lorber President and Chief Executive Officer Richard Lampen Executive Vice President[2] J. Bryant Kirkland III Senior Vice President, Chief Financial Officer and Treasurer[2] Marc N. Bell Senior Vice President, General Counsel and Secretary[2] Ronald J. Bernstein President and Chief Executive Officer of Liggett Group LLC and Liggett Vector Brands LLC[2] |
| Products | Tobacco, real estate, property management[3] |
| Revenue | $1.87 billion (FY 2018)[4] |
| $58.1 million (FY 2018)[4] | |
| Total assets | $1.5 billion (FY 2018)[5] |
Number of employees | 1,555[5] |
| Subsidiaries | Liggett Group LLC New Valley LLC Vector Tobacco[3] |
| Website | vectorgroupltd |
Vector Group Ltd. is a diversified holding company with two major businesses: Liggett Group LLC[6] (tobacco) and New Valley LLC (real estate), including Douglas Elliman.[7]
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.[8]
Vector Group was previously called Brooke Group.[9]
Holdings
Subsidiaries
Liggett Group LLC - Founded in 1873, Liggett Group LLC is the fourth-largest cigarette manufacturer in the U.S.[10] 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.[11] Its core brands include: Pyramid, Grand Prix, Liggett Select, Eve and Eagle 20's.[12] Vector Tobacco Inc. is engaged in the manufacture of conventional cigarettes, based in North Carolina.
New Valley LLC - New Valley LLC (formerly known as Western Union)[13] 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.[11]
New Valley owns 100 percent[14] of Douglas Elliman Realty, LLC, the largest residential real estate brokerage firm in the New York metropolitan area and fourth-largest residential brokerage firm in the U.S.[15]
Other investments
Vector Group also owns a portions of Ladenburg Thalmann Financial Services Inc. and of Castle Brands Inc.[16][17]
Office locations
Vector Group and New Valley's headquarters are in Miami, Florida[3] and they have an additional office in New York, New York.[18]
See also
References
- ^ Fairclough, Gordon (June 26, 2000). "Liggett's Chief Breaks Rank Again At Tobacco Trial". Wall Street Journal. Retrieved September 27, 2016.
- ^ a b c d "Vector Group Ltd". Bloomberg Markets. Bloomberg.com. Retrieved September 27, 2016.
- ^ a b c "Vector Group Ltd. 2016 Stockholders' Report" (PDF). Vector Group. Retrieved December 23, 2017.
- ^ a b "Vector Group Reports Fourth Quarter and Full Year 2018 Financial Results". Vector Group. February 28, 2019.
- ^ a b "ANNUAL REPORT". SEC. December 31, 2018.
- ^ Ornstein, Charles (April 6, 2016). "Top Medical Journal Deflects Criticism of Withholding Data". ProPublica. Retrieved September 27, 2016.
- ^ Clarke, Katherine (February 1, 2013). "Who really owns NYC's real estate firms?". The Real Deal. Retrieved September 27, 2016.
- ^ Bockmann, Rich. "Howard Lorber and the art of brand management". The Real Deal. Retrieved September 27, 2016.
- ^ Nina dos Santos (February 21, 2019). "Senate investigators pursue Moscow-based former Trump associate". CNN.com. Retrieved February 22, 2019.
- ^ Hargreaves, Rupert (March 18, 2014). "Here's Why Vector Group is a Great Investment". Motley Fool. Retrieved September 27, 2016.
- ^ a b "FORM 8-K". SEC. May 31, 2019.
- ^ Vanderford, Greg. "Invest In Vector Group For The Highest Yield In The Tobacco Industry". Seeking Alpha. Seeking Alpha. Retrieved October 26, 2015.
- ^ Strom, Stephanie (October 9, 1994). "New Valley, Old Management". New York Times. Retrieved September 27, 2016.
- ^ Bockman, Rich (August 18, 2015). "Douglas Elliman to market condos at HFZ's High Line project". The Real Deal. Retrieved September 27, 2016.
- ^ Clarke, Katherine (July 12, 2016). "Compass wants investors to believe it's worth $1.3B". The Real Deal. Retrieved September 27, 2016.
- ^ "LADENBURG THALMANN FINANCIAL SERVICES INC" (PDF). SEC. December 31, 2019.
- ^ "CASTLE BRANDS INC". SEC. December 31, 2019.
- ^ "Offices in New York City". Douglas Elliman. Retrieved September 27, 2016.
External links
- vectorgroupltd
.com, the company's official website - Business data for Vector Group Ltd.: