Scandinavian Tobacco Group

Scandinavian Tobacco Group Announces 2020 Q2 Results, Share Buyback

Scandinavian Tobacco Group (STG) has announced its financial results for Q2 2020, one of its most positive quarters in recent memory. The company said it...
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STG Says More People Are Smoking at Home, Upgrades Financial Guidance

Scandinavian Tobacco Group—the parent company of General Cigar Co., Cigars International, Thompson Cigar, Agio and others—has announced that it is upgrading its financial guidance for...
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Hector Vanegas, STG’s Nicaraguan Manufacturing Manager, Dies (Update)

Scandinavian Tobacco Group has announced the passing of Hector Vanegas, the company’s manufacturing manager for its operations at STG Estelí in Nicaragua. “Hector was a...
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Scandinavian Tobacco Group Posts Strong Q1 2020 Numbers

Scandinavian Tobacco Group (STG)—the parent company of General Cigar Co., Cigars International, Thompson Cigar and others—generated DKK 1.791 billion ($263 million) in revenue for the...
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STG Discontinuing Agio’s Balmoral, San Pedro de Macorís in the U.S.

The Balmoral line of premium cigars will no longer be sold in the U.S. Scandinavian Tobacco Group (STG) is selling the remaining American inventory of...
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STG Reorganizes After Agio Integration, Régis Broersma to Lead General Cigar Co.

Régis Broersma will remain in charge of General Cigar Co. Scandinavian Tobacco Group—parent of General Cigar Co., Cigars International and others—announced that it would be...
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STG Reports $1.01 Billion in Revenue for 2019

Scandinavian Tobacco Group (STG)—parent of General Cigar Co., Cigars International and others—has reported its 2019 fiscal results. The company generated DKK 6.87 billion ($1.01 billion)...
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Royal Agio Distributes €10 Million to Employees Following STG Sale

There’s much to be decided about the future of Royal Agio Cigars employees now that the company has been purchased by Scandinavian Tobacco Group (STG)...
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STG Completes Royal Agio Acquisition

Scandinavian Tobacco Group (STG) has announced that it has completed the acquisition of Royal Agio Cigars for a price of €210 million ($234.59 million). The...
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Ten Questions for 2020

Welcome to the 10th version of Ten Questions. In December 2009, I decided to write an editorial that previewed some of the big topics for the following...
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Sarah Santos Named Head of Cigars International

Sarah Santos will be the next head of Cigars International, the world’s largest retailer. Officially, Santos’ title will be president of North American Online and...
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