VECTOR GROUP Ltd.

(NYSE: VGR)
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23.56 Down -0.13 -0.55%
COMPANY ADDRESS
VECTOR GROUP Ltd.
4400 Biscayne Boulevard
Miami, FL 33137
USA - Map
Phone: +1 305 579-8000
Website
COMPANY INFORMATION
Exchange: New York Stock Exchange
Stock: Vector Group Ltd
Industry: Tobacco
Employees: 989
DESCRIPTION
Vector Group Ltd, is a Delaware Corporation, founded on 1980. The Company operates as a holding company and is engaged in: the manufacture and sale of cigarettes in the United States and the real estate business through its subsidiaries. Its operating business segment includes: Tobacco and Real Estate segment. The Tobacco segment consists of the manufacture and sale of cigarettes. The Real Estate segment includes the Companys investments in consolidated and non-consolidated real estate businesses. Liggett and Vector Tobacco are engaged in the manufacture and sale of cigarettes in the United States. New Valley is engaged in the real estate business. Liggetts competition is divided into two segments: The first segment is made up of manufacturers of cigarettes in the United States: Philip Morris USA Inc., RJ Reynolds Tobacco Company and Lorillard Tobacco Company. The second segment of competition is comprised of a group of smaller manufacturers and importers, many of which sell discount cigarettes. Its competitor in this segment is Commonwealth Brands, Inc. In residential real estate sales and marketing, it competes with multi-office independent real estate organizations and, to some extent, with franchise real estate organizations, such as Century-21, ERA, RE/MAX International, Sotheby's International Realty and among others. In the United States, tobacco products are subject to substantial and increasing legislation, regulation and taxation, which have a negative effect on revenue and profitability.
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Financial data in US dollars | Page generated 12:18 PM ET
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