Convenience Store News

JUL 2015

Issue link: http://magazine.csnews.com/i/541598

Contents of this Issue

Navigation

Page 14 of 109

WWW.CSNEWS.COM | JULY 2015 | Convenience Store News 15 sales volumes generated by this combination will better position RAI's operating companies to fuel continued investment in brand building, research and development, and innovation for the long-term future of the company." New No. 3 ITG Brands took ownership of the Winston, Kool and Salem brands from RAI and the Maverick and blu eCig brands from Lorillard. These acquisitions build on Imperial's existing U.S. portfolio at Commonwealth-Altadis, which currently accounts for a 3-percent share of the U.S. market, principally through the USA Gold brand. In addition, ITG Brands acquired Lorillard's infra- structure, which includes its manufacturing facility, headquarters offices, research and development facility, and approximately 2,900 employees. Imperial's new U.S. subsidiary is based in Greensboro, N.C. David Taylor, former chief financial officer at Lorillard, leads ITG Brands as CEO. "We will focus on leveraging our enhanced scale and capabilities to maximize growth opportunities for our portfolio and establish ITG Brands as a major competitive player in the U.S. tobacco market. I'm also pleased to announce senior appointments that will strengthen our management structure and ensure that it is aligned with the group's ongoing interna- tional development," said Alison Cooper, Imperial Tobacco's chief executive.

Articles in this issue

Links on this page

Archives of this issue

view archives of Convenience Store News - JUL 2015