1 Year of Cigar Aficionado for $10 PLUS a Free Gift!

Inside Cuba

World’s Biggest Cigar Company Changes Owners

A mysterious consortium of investors pays $1.38 billion for Imperial Brands’ premium cigar division.
By Gordon Mott | From The Bond Legacy, July/August 2020
World’s Biggest Cigar Company Changes Owners
Photo/Jacob Kepler
Fernando Domínguez will remain president and CEO of Tabacalera, one of the world’s largest cigarmakers.
The rumors swirled nonstop for over a year, ever since the United Kingdom’s Imperial Brands announced it would divest its premium cigar divisions, including Tabacalera, the partner in Cuba’s Habanos S.A. cigar monopoly, and Tabacalera USA. There was word of bidders from Russia, the Middle East, Mexico, Spain, the United States and China. At one point, the Coronavirus rampage had people speculating that any deal would collapse and the sale would be delayed. On April 27, 2020, Imperial announced the sale to two corporate entities, Gemstone Investment Holding Ltd., which agreed to acquire the U.S. subsidiary for approximately $208 million, and Allied Cigar Corp., which …
To read the complete story, subscribe to Cigar Aficionado or purchase this issue at your local newsstand or cigar shop.

More in Inside Cuba

See all
Inside Cuba's New Cigar Box Factory

Inside Cuba's New Cigar Box Factory

Habanos S.A. unveils a state-of-the-art box factory that highlights solar panels, improved production …

Mar 10, 2020
When the Mob Ruled Havana

When the Mob Ruled Havana

Before Castro, Cuba was a playground for America, where mobsters like Meyer Lanksy partnered with a …

Jul 8, 2019
Habanos Day

Habanos Day

Education is the theme, but love of tobacco and rum is the draw, when Habanos S.A. takes its show on …

May 7, 2019
Hefty Havanas: Cuban Cigars Are Getting Thicker...And More Popular

Hefty Havanas: Cuban Cigars Are Getting Thicker...And More Popular

Two decades ago, a Cuban cigar thicker than 50-ring-gauge was an anomaly. Today, hefty new Havanas …

Jan 17, 2019
Cuba’s Best Cigar Tobacco Farms

Cuba’s Best Cigar Tobacco Farms

Five small farms in Western Cuba grow some of the finest cigar tobacco leaves in the entire world.

Oct 26, 2018
Cuba’s Cigar Sommeliers

Cuba’s Cigar Sommeliers

These trained cigar waiters recommend a brand, cut and light your cigar, then pick the perfect …

Aug 27, 2018