Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 01, 2015 5:08 AM ET

Tobacco

Company Overview of Rothmans, Benson & Hedges Inc.

Company Overview

Rothmans, Benson & Hedges, Inc., a tobacco company, manufactures and sells cigarettes and fine cut tobacco in Canada. The company also distributes pipe tobacco and mini cigar products. Rothmans, Benson & Hedges, Inc. was formerly known as Rock City Tobacco Company. The company was founded in 1899 and is based in Toronto, Canada. Rothmans, Benson & Hedges, Inc. operates as a subsidiary of Philip Morris International, Inc.

1500 Don Mills Road

Toronto, ON M3B 3L1

Canada

Founded in 1899

Phone:

416-449-5525

Fax:

416-449-9601

Key Executives for Rothmans, Benson & Hedges Inc.

Chief Executive Officer, President, and Director
Age: 70
Director of Finance and Board of Director
Compensation as of Fiscal Year 2015.

Rothmans, Benson & Hedges Inc. Key Developments

Quebec Court of Appeal Rules in Favour of Tobacco, Rothmans, Benson & Hedges and JTI-Macdonald over Initial $1.13 Billion Payment

The country's tobacco firms will not have to make an immediate $1 billion payment to Quebec smokers who won a landmark class-action suit. In a ruling on July 23, 2015, the Quebec Court of Appeal said that it could be problematic for the companies to recoup the money if they are eventually successful in appealing a judgment ordering them to pay $15.6 billion. The initial $1.13 billion payment was due this July 26, 2015 after a judge ordered it handed over to smokers within 60 days of his ruling. Imperial Tobacco, Rothmans, Benson & Hedges and JTI-Macdonald have appealed the overall decision that saw a Quebec judge rule that they must fork over the $15.6 billion to smokers who either fell ill or couldn't quit the habit.

Québec Court of Appeal Overturns Trial Court's Order for Payment of Judgment in Tobacco Class Actions Pending Appeal

On July 23, 2015, Quebec Court of Appeal overturned the trial court's order that Rothmans, Benson & Hedges Inc. pay an initial deposit of approximately CAD 246 million into a trust account pending appeal of the Quebec class actions judgment. The trial court had ordered, as part of its judgment, that RBH and the other defendants make initial deposits of a portion of the damages award within 60 days. The Court of Appeal's decision cancels the trial court's order for payment while RBH pursues its appeal of the trial court's decision in its entirety.

Imperial Tobacco, Rothmans Benson & Hedges and JTI-Macdonald to Pay $15 Billion in Damages

Three tobacco companies have been ordered to pay $15 billion in damages after losing a class-action lawsuit. Judge Brian Riorda on June 1, 2015 ruled in favour of two groups representing Quebec smokers, ordering Imperial Tobacco, Rothmans Benson & Hedges and JTI-MacDonald to pay for punitive and moral damages. The legal proceedings began in March 2012, 13 years after the lawsuit was initiated by the two groups comprising about one million people. The lawsuit was seeking $27 billion in damages. One group involves individuals who have become seriously ill from smoking, and members of the other group say they are unable to quit smoking. The groups alleged the companies: ailed to properly warn their customers about the dangers of smoking; Underestimated evidence relating to the harmful effects of tobacco; Engaged in unscrupulous marketing; Destroyed documents. The plaintiffs with cancer who began smoking before January 1976 will get $100,000 each. Those who first lit up after that date are entitled to $90,000. The Court orders the provisional execution of the judgment notwithstanding appeal with respect to the initial deposit of $1 billion of moral damages, plus all punitive damages awarded.

Similar Private Companies By Industry

Company Name Region
Mundet Canada, Ltd. Americas
JTI-Macdonald Corp. Americas
VapeTronix, Inc. Americas
Simcoe Leaf Tobacco Company Limited Americas
Alliance One Tobacco Canada, Inc. Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Rothmans, Benson & Hedges Inc., please visit www.pmi.com/marketpages/pages/market_en_ca.aspx. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.