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Vector Group

February 15, 2024

For the term in electrical engineering, see Vector group.

Vector Group Ltd. is an American diversified holding company with two major businesses: Liggett Group[6] (tobacco) and New Valley (real estate).[7]

Vector Group Ltd.
Company typePublic
NYSE: VGR
S&P 600 Component
Russell 2000 Component
ISINUS92240M1080
IndustryDiversified holding
GenreHolding company
Founded1986 (38 years ago) (1986).[1]
FounderBennett S. LeBow
Headquarters
Miami, Florida
,
United States
Key people
Bennett S. LeBow Chairman
Howard Lorber President and Chief Executive Officer
Richard Lampen Executive Vice President[2]
J. Bryant Kirkland III Senior Vice President, Chief Financial Officer and Treasurer[2]
Marc N. Bell Senior Vice President, General Counsel and Secretary[2]
Ronald J. Bernstein President and Chief Executive Officer of Liggett Group LLC and Liggett Vector Brands LLC[2]
ProductsTobacco, real estate, property management[3]
Revenue$2.02 billion (FY 2020)[4]
$92.5 million (FY 2020)[4]
Total assets$1.34 billion (FY 2020)[5]
Number of employees
1,007[5]
SubsidiariesLiggett Group LLC
New Valley LLC
Vector Tobacco[3]
Websitevectorgroupltd.com

Bennett S. LeBow founded Vector Group in 1986. Since then, he has served as Chairman. Howard Lorber has served as the Company's President and Chief Executive Officer since 1994.[8]

Vector Group was previously called Brooke Group.[9]

Holdings edit

Subsidiaries edit

Founded in 1873, Liggett Group is the fourth-largest cigarette manufacturer in the U.S.[10] Liggett operates in the discount cigarette market. As of March 31, 2019, Liggett's family of brands represented a 14% share of the discount market.[11] Its core brands include: Pyramid, Grand Prix, Liggett Select, Eve, Eagle 20's, and Montego.[12][13] Vector Tobacco is engaged in the manufacture of conventional cigarettes, based in North Carolina.

New Valley LLC (formerly known as Western Union)[14] is a diversified real estate company that acquires or invests in real estate properties or projects. It has invested in more than 30 real estate projects as of March 31, 2019.[11]

New Valley previously owned 100 percent[15] of Douglas Elliman, the largest residential real estate brokerage firm in the New York metropolitan area and fourth-largest residential brokerage firm in the U.S.[16] In December 2021, Vector Group completed the spin-off of Douglas Elliman into a standalone, publicly traded company.[17]

Office locations edit

Vector Group and New Valley's headquarters are in Miami, Florida[3] and they have an additional office in New York, New York.[18]

See also edit

References edit

  1. ^ Fairclough, Gordon (June 26, 2000). "Liggett's Chief Breaks Rank Again At Tobacco Trial". Wall Street Journal. Retrieved September 27, 2016.
  2. ^ a b c d "Vector Group Ltd". Bloomberg Markets. Bloomberg.com. Retrieved September 27, 2016.
  3. ^ a b c "Vector Group Ltd. 2016 Stockholders' Report" (PDF). Vector Group. Retrieved December 23, 2017.
  4. ^ a b "Vector Group Reports Fourth Quarter and Full Year 2018 Financial Results". Vector Group. February 28, 2019.
  5. ^ a b "ANNUAL REPORT". SEC. December 31, 2018.
  6. ^ Ornstein, Charles (April 6, 2016). "Top Medical Journal Deflects Criticism of Withholding Data". ProPublica. Retrieved September 27, 2016.
  7. ^ Clarke, Katherine (February 1, 2013). "Who really owns NYC's real estate firms?". The Real Deal. Retrieved September 27, 2016.
  8. ^ Bockmann, Rich. "Howard Lorber and the art of brand management". The Real Deal. Retrieved September 27, 2016.
  9. ^ Nina dos Santos (February 21, 2019). "Senate investigators pursue Moscow-based former Trump associate". CNN.com. Retrieved February 22, 2019.
  10. ^ Hargreaves, Rupert (March 18, 2014). "Here's Why Vector Group is a Great Investment". Motley Fool. Retrieved September 27, 2016.
  11. ^ a b "FORM 8-K". SEC. May 31, 2019.
  12. ^ Maloney, Jennifer; Harring, Alex (July 24, 2022). "Cheaper Beer, Cigarettes Gain Favor as Inflation Pinches Shoppers". Retrieved January 21, 2024.
  13. ^ Vanderford, Greg. "Invest In Vector Group For The Highest Yield In The Tobacco Industry". Seeking Alpha. Seeking Alpha. Retrieved October 26, 2015.
  14. ^ Strom, Stephanie (October 9, 1994). "New Valley, Old Management". New York Times. Retrieved September 27, 2016.
  15. ^ Bockman, Rich (August 18, 2015). "Douglas Elliman to market condos at HFZ's High Line project". The Real Deal. Retrieved September 27, 2016.
  16. ^ Clarke, Katherine (July 12, 2016). "Compass wants investors to believe it's worth $1.3B". The Real Deal. Retrieved September 27, 2016.
  17. ^ Bojnansky, Erik (December 31, 2021). "Vector Group completes Douglas Elliman spinoff". www.bizjournals.com. Retrieved January 21, 2024.
  18. ^ "Offices in New York City". Douglas Elliman. Retrieved September 27, 2016.

External links edit

  • vectorgroupltd.com, the company's official website
  • Business data for Vector Group Ltd.:
    • SEC filings

February 15, 2024
vector, group, term, electrical, engineering, vector, group, american, diversified, holding, company, with, major, businesses, liggett, group, tobacco, valley, real, estate, company, typepublictraded, asnyse, vgrs, componentrussell, 2000, componentisinus92240m. For the term in electrical engineering see Vector group Vector Group Ltd is an American diversified holding company with two major businesses Liggett Group 6 tobacco and New Valley real estate 7 Vector Group Ltd Company typePublicTraded asNYSE VGRS amp P 600 ComponentRussell 2000 ComponentISINUS92240M1080IndustryDiversified holdingGenreHolding companyFounded1986 38 years ago 1986 1 FounderBennett S LeBowHeadquartersMiami Florida United StatesKey peopleBennett S LeBow Chairman Howard Lorber President and Chief Executive OfficerRichard Lampen Executive Vice President 2 J Bryant Kirkland III Senior Vice President Chief Financial Officer and Treasurer 2 Marc N Bell Senior Vice President General Counsel and Secretary 2 Ronald J Bernstein President and Chief Executive Officer of Liggett Group LLC and Liggett Vector Brands LLC 2 ProductsTobacco real estate property management 3 Revenue 2 02 billion FY 2020 4 Net income 92 5 million FY 2020 4 Total assets 1 34 billion FY 2020 5 Number of employees1 007 5 SubsidiariesLiggett Group LLCNew Valley LLCVector Tobacco 3 Websitevectorgroupltd wbr comBennett S LeBow founded Vector Group in 1986 Since then he has served as Chairman Howard Lorber has served as the Company s President and Chief Executive Officer since 1994 8 Vector Group was previously called Brooke Group 9 Contents 1 Holdings 1 1 Subsidiaries 2 Office locations 3 See also 4 References 5 External linksHoldings editSubsidiaries edit Founded in 1873 Liggett Group is the fourth largest cigarette manufacturer in the U S 10 Liggett operates in the discount cigarette market As of March 31 2019 Liggett s family of brands represented a 14 share of the discount market 11 Its core brands include Pyramid Grand Prix Liggett Select Eve Eagle 20 s and Montego 12 13 Vector Tobacco is engaged in the manufacture of conventional cigarettes based in North Carolina New Valley LLC formerly known as Western Union 14 is a diversified real estate company that acquires or invests in real estate properties or projects It has invested in more than 30 real estate projects as of March 31 2019 11 New Valley previously owned 100 percent 15 of Douglas Elliman the largest residential real estate brokerage firm in the New York metropolitan area and fourth largest residential brokerage firm in the U S 16 In December 2021 Vector Group completed the spin off of Douglas Elliman into a standalone publicly traded company 17 Office locations editVector Group and New Valley s headquarters are in Miami Florida 3 and they have an additional office in New York New York 18 See also edit nbsp Companies portalList of Florida companiesReferences edit Fairclough Gordon June 26 2000 Liggett s Chief Breaks Rank Again At Tobacco Trial Wall Street Journal Retrieved September 27 2016 a b c d Vector Group Ltd Bloomberg Markets Bloomberg com Retrieved September 27 2016 a b c Vector Group Ltd 2016 Stockholders Report PDF Vector Group Retrieved December 23 2017 a b Vector Group Reports Fourth Quarter and Full Year 2018 Financial Results Vector Group February 28 2019 a b ANNUAL REPORT SEC December 31 2018 Ornstein Charles April 6 2016 Top Medical Journal Deflects Criticism of Withholding Data ProPublica Retrieved September 27 2016 Clarke Katherine February 1 2013 Who really owns NYC s real estate firms The Real Deal Retrieved September 27 2016 Bockmann Rich Howard Lorber and the art of brand management The Real Deal Retrieved September 27 2016 Nina dos Santos February 21 2019 Senate investigators pursue Moscow based former Trump associate CNN com Retrieved February 22 2019 Hargreaves Rupert March 18 2014 Here s Why Vector Group is a Great Investment Motley Fool Retrieved September 27 2016 a b FORM 8 K SEC May 31 2019 Maloney Jennifer Harring Alex July 24 2022 Cheaper Beer Cigarettes Gain Favor as Inflation Pinches Shoppers Retrieved January 21 2024 Vanderford Greg Invest In Vector Group For The Highest Yield In The Tobacco Industry Seeking Alpha Seeking Alpha Retrieved October 26 2015 Strom Stephanie October 9 1994 New Valley Old Management New York Times Retrieved September 27 2016 Bockman Rich August 18 2015 Douglas Elliman to market condos at HFZ s High Line project The Real Deal Retrieved September 27 2016 Clarke Katherine July 12 2016 Compass wants investors to believe it s worth 1 3B The Real Deal Retrieved September 27 2016 Bojnansky Erik December 31 2021 Vector Group completes Douglas Elliman spinoff www bizjournals com Retrieved January 21 2024 Offices in New York City Douglas Elliman Retrieved September 27 2016 External links editvectorgroupltd wbr com the company s official website Business data for Vector Group Ltd SEC filings Retrieved from https en wikipedia org w index php title Vector Group amp oldid 1199193728, wikipedia, wiki, book, books, library,

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