White Owl

Swedish Match Suspends Plans to Sell Cigar Unit, Cites FDA

Swedish Match planned on spinning off its U.S. cigar business as early as this year, now those plans are on hold until after the company can work through issues regarding substantial equivalence applications denied by FDA.

Swedish Match Plans to Spin Off Its Cigar Business

Swedish Match—once one of, if not the most important company in the collective cigar business—has announced that it will exit the cigar business as early…