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Imperial Brands Plans to Sell Premium Cigar Business

Cohiba cigars
Photographer: SANTI BURGOS

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By Thomas Mulier and Corinne Gretler

April 30, 2019 at 1:48 PM UTC

Updated on

April 30, 2019 at 2:11 PM UTC

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Imperial Brands Plc plans to sell a premium cigar business that includes a joint venture distributing Cohiba cigars from Cuba.

The U.K. tobacco company said it plans to sell the operations to pay down debt and boost investment. The businesses being sold include the Cuban venture as well as Imperial’s own U.S. and international premium cigar units.