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Niels Frederiksen

Scandinavian Tobacco Group Plans 100+ Layoffs

Scandinavian Tobacco Group (STG), the parent company of General Cigar Co. Cigars International and others, has announced that it is planning 100-120 layoffs of white-collar…

STG Reports Positive Q2 Financial Results

Scandinavian Tobacco Group A/S (STG)—the parent company of General Cigar Co., Cigars International and others—has announced its financial results for the second quarter of 2018….

STG Announces New CFO

Earlier this year, Scandinavian Tobacco Group, the parent company of Cigars International and General Cigar Co., announced that its chief financial officer would be leaving…

STG Announces Q1 2018 Results

The world’s largest cigar company started off 2018 in the right direction. Scandinavian Tobacco Group (STG)—which owns Cigars International, General Cigar Co., Thompson Cigar and…

STG Announces 2017 Financial Results, Stock Drops

Scandinavian Tobacco Group A/S (STG), the parent of Cigars International and General Cigar Co., announced its 2017 financial results. As expected, the results were not positive….

STG CFO Resigns

Sisse Fjelsted Rasmussen will resign as the chief financial officer of Scandinavian Tobacco Group (STG). Rasmussen has been with STG since 2008, which includes the company’s…

STG Acquires Thompson for $62mm

Thompson has found a buyer. Scandinavian Tobacco Group—the publicly-traded company that owns General Cigar Co. and Cigars International—has acquired Thompson and Co. of Tampa, Inc.,…

STG, Parent of Cigars International, Confirms Two Texas Stores for 2018

Scandinavian Tobacco Group announced its Q3 financial results and more importantly for those in Texas confirmed it was opening two new retail stores in the…

STG Announces Q3 Results, Confirms Cigars International Expansion

Cigars International was once again the main feature of Scandinavian Tobacco Group’s (STG) quarterly results. STG, which also owns General Cigar Co. amongst others, reported quarterly…

STG Reports Poor Q2 Results

Scandinavian Tobacco Group (STG) has announced its financial earnings for the second quarter and as expected the results aren’t great. The parent company of General…

Cigars International Woes Force STG to Downgrade Guidance

Scandinavian Tobacco Group A/S (STG), the parent company of General Cigar Co. and Cigars International, has issued a revised guidance for investors revealing that 2017 will…