Vector Group Ltd. is a diversified holding company with two major businesses: Liggett Group LLC (tobacco) and New Valley LLC (real estate), including Douglas Elliman.
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..
Video Vector Group
Holdings
Subsidiaries
Liggett Group LLC - Founded in 1873, Liggett Group LLC is the fourth-largest cigarette manufacturer in the U.S. Liggett operates in the discount cigarette market. As of June 30, 2016, Liggett's family of brands represented a 12% share of the discount market. Its core brands include: Pyramid, Grand Prix, Liggett Select, Eve and Eagle 20's. Vector Tobacco Inc. is engaged in the manufacture of conventional cigarettes, based in North Carolina.
New Valley LLC - New Valley LLC (formerly known as Western Union) is a diversified real estate company that acquires or invests in real estate properties or projects. It has invested in more than 20 real estate projects as of June 30, 2016.
New Valley owns over 70 percent of Douglas Elliman Realty, LLC, the largest residential real estate brokerage firm in the New York metropolitan area and fourth-largest residential brokerage firm in the U.S.
Other Investments
Vector Group also owns a portion of Ladenburg Thalmann Financial Services Inc. and of Castle Brands Inc.
Maps Vector Group
Office locations
Vector Group and New Valley's headquarters are in Miami, Florida and they have an additional office in New York, New York.
See also
- List of Florida companies
References
External links
- vectorgroupltd
.com, the company's official website
Source of the article : Wikipedia
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