Vector Group Ltd., through its subsidiaries, is engaged primarily in the manufacture and sale of cigarettes in the United States. The company’s subsidiaries include Liggett Group LLC (Liggett) and Vector Tobacco Inc. (Vector Tobacco). It also operates in the real estate business through its New Valley LLC (New Valley) subsidiary. Tobacco Operations Liggett and Vector Tobacco manufactures and sells cigarettes in the United States. Liggett produces cigarettes in approximately 123 combinations of length, style and packaging. Liggett’s brand portfolio includes EAGLE 20's, PYRAMID, GRAND PRIX, LIGGETT SELECT, EVE, and USA and various partner brands and private label brands. The company’s subsidiary, Zoom E-Cigs LLC (Zoom), entered the United States electronic cigarette (e-cigarette) market in limited retail distribution outlets. Business Strategy: Liggett’s business strategy is to capitalize upon its cost advantage in the United States cigarette market resulting from the favorable treatment tobacco subsidiaries receive under settlement agreements with the states and the master settlement agreement. Liggett’s long-term business strategy is to continue to focus its marketing and selling efforts on the discount segment of the market, to continue to build volume and margin in its core discount brands, and to utilize its core brand equity to selectively build distribution. Sales, Marketing and Distribution: Liggett’s products are distributed from a central distribution center in Mebane, North Carolina to 17 public warehouses located throughout the United States. Customers: Liggett’s customers are primarily candy and tobacco distributors, the military and large grocery, drug and convenience store chains. Its major customers include Mclane Company, Inc. and Core Mark International. Competition: The company’s competitors include Philip Morris USA Inc., R.J. Reynolds Tobacco Company, Lorillard Tobacco Company, and Commonwealth Brands, Inc. New Valley LLC New Valley owns 70.59% of Douglas Elliman Realty, LLC (Douglas Elliman Realty), which operates a residential brokerage company in the New York metropolitan area, which is known as Douglas Elliman Real Estate. New Valley also holds investment interests in various real estate projects domestically and internationally. Douglas Elliman Real Estate is engaged in the real estate brokerage business through its five subsidiaries. Douglas Elliman Real Estate operates as a broker in residential real estate transactions. In acting as a broker for the seller, its services include assisting the seller in pricing the property and preparing it for sale, advertising the property, showing the property to prospective buyers, and assisting the seller in negotiating the terms of the sale and in closing the transaction. The company also offers buyer brokerage services. When acting as a broker for the buyer, its services include assisting the buyer in locating properties that meet the buyer’s personal and financial specifications, showing the buyer properties, and assisting the buyer in negotiating the terms of the purchase and closing the transaction. The company’s sales and marketing services are provided by licensed real estate sales persons or associate brokers who have entered into independent contractor agreements with the company. Douglas Elliman Real Estate also offers relocation services to employers, which provides specialized services primarily concerned with facilitating the resettlement of transferred employees. These services include sales and marketing of transferees’ existing homes for their corporate employer, assistance in finding new homes, moving services, educational and school placement counseling, customized videos, property marketing assistance, rental assistance, area tours, international relocation, group move services, marketing and management of foreclosed properties, career counseling, spouse/partner employment assistance, and financial services. Residential Property Management Business: Douglas Elliman Realty is also engaged in the management of cooperatives, condominiums and apartments though its subsidiary, Residential Management Group, LLC, w
vector group ltd (VGR:New York)
4400 Biscayne Boulevard
Miami, FL 33137
|No competitor information is available for VGR.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact VECTOR GROUP LTD, please visit www.vectorgroupltd.com. Company data is provided by Capital IQ. Please use this form to report any data issues.