VGR
- Vector Group Ltd.
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Overview
Company Summary
Vector Group Ltd. (VGR) is a diversified holding company that operates primarily in two segments: Tobacco and Real Estate.
In the tobacco segment, Vector Group is primarily engaged in the manufacture and sale of cigarettes through its subsidiary, Liggett Group LLC. Liggett Group is one of the leading manufacturers of cigarettes in the United States and produces several brands, including Pyramid, Grand Prix, and Eve. They distribute their cigarettes to wholesalers and retailers across the country.
In addition to the tobacco business, Vector Group also has a significant presence in the real estate industry through their subsidiary, New Valley LLC. New Valley is primarily involved in real estate development and investments. They focus on acquiring, developing, and managing real estate properties, including residential and commercial properties, hotels, and land for future development.
Vector Group's real estate operations are primarily concentrated in New York City and South Florida, where they own and operate various properties. They generate revenue through rental income from their owned properties, property sales, and other real estate-related services.
It is worth mentioning that Vector Group's diversification into real estate is a strategic move to offset any potential volatility in the tobacco industry and to capitalize on opportunities in the real estate market.
Overall, Vector Group Ltd. is a company that operates in both the tobacco and real estate sectors, with a focus on manufacturing and selling cigarettes and engaging in real estate development and investments.