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'''Vector Group Ltd.''' is an American diversified holding company with two major businesses: Liggett Group LLC<ref name="Orstein">{{cite news|last1=Ornstein|first1=Charles|title=Top Medical Journal Deflects Criticism of Withholding Data|url=http://www.newsweek.com/medical-journal-deflects-criticism-withholding-data-444328|accessdate=27 September 2016|publisher=ProPublica|date=6 April 2016}}</ref> (tobacco) and New Valley LLC (real estate), including Douglas Elliman.<ref name="Clarke">{{cite news|last1=Clarke|first1=Katherine|title=Who really owns NYC’s real estate firms?|url=http://therealdeal.com/issues_articles/who-really-owns-nycs-real-estate-firms/|accessdate=27 September 2016|publisher=The Real Deal|date=1 February 2013}}</ref>
'''Vector Group Ltd.''' is an American diversified holding company with two major businesses: Liggett Group LLC<ref name="Orstein">{{cite news|last1=Ornstein|first1=Charles|title=Top Medical Journal Deflects Criticism of Withholding Data|url=http://www.newsweek.com/medical-journal-deflects-criticism-withholding-data-444328|accessdate=27 September 2016|publisher=ProPublica|date=6 April 2016}}</ref> (tobacco) and New Valley LLC (real estate), including Douglas Elliman.<ref name="Clarke">{{cite news|last1=Clarke|first1=Katherine|title=Who really owns NYC's real estate firms?|url=http://therealdeal.com/issues_articles/who-really-owns-nycs-real-estate-firms/|accessdate=27 September 2016|publisher=The Real Deal|date=1 February 2013}}</ref>


[[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.<ref name="Bockman">{{cite web|last1=Bockmann|first1=Rich|title=Howard Lorber and the art of brand management|url=http://therealdeal.com/issues_articles/brand-management/|website=The Real Deal|accessdate=27 September 2016}}</ref>
[[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.<ref name="Bockman">{{cite web|last1=Bockmann|first1=Rich|title=Howard Lorber and the art of brand management|url=http://therealdeal.com/issues_articles/brand-management/|website=The Real Deal|accessdate=27 September 2016}}</ref>
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[[Liggett Group]] LLC - Founded in 1873, Liggett Group LLC is the fourth-largest cigarette manufacturer in the U.S.<ref name="Hargreaves">{{cite news|last1=Hargreaves|first1=Rupert|title=Here's Why Vector Group is a Great Investment|url=http://www.fool.com/investing/general/2014/03/18/heres-why-vector-group-is-a-great-investment.aspx|accessdate=27 September 2016|publisher=Motley Fool|date=18 March 2014}}</ref> 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.<ref name=formk>{{cite web |url=https://www.sec.gov/Archives/edgar/data/59440/000005944019000037/may19invpres.htm|title=FORM 8-K|publisher=SEC|date=May 31, 2019}}</ref> Its core brands include: [[Pyramid (cigarette)|Pyramid]], Grand Prix, [[Liggett Select]], [[Eve (cigarette)|Eve]] and Eagle 20's.<ref name="Vanderford">{{cite web|last1=Vanderford|first1=Greg|title=Invest In Vector Group For The Highest Yield In The Tobacco Industry|url=http://seekingalpha.com/article/3604476-invest-vector-group-highest-yield-tobacco-industry|website=Seeking Alpha|publisher=Seeking Alpha|accessdate=26 October 2015}}</ref> Vector Tobacco Inc. is engaged in the manufacture of conventional cigarettes, based in North Carolina.
[[Liggett Group]] LLC - Founded in 1873, Liggett Group LLC is the fourth-largest cigarette manufacturer in the U.S.<ref name="Hargreaves">{{cite news|last1=Hargreaves|first1=Rupert|title=Here's Why Vector Group is a Great Investment|url=http://www.fool.com/investing/general/2014/03/18/heres-why-vector-group-is-a-great-investment.aspx|accessdate=27 September 2016|publisher=Motley Fool|date=18 March 2014}}</ref> 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.<ref name=formk>{{cite web |url=https://www.sec.gov/Archives/edgar/data/59440/000005944019000037/may19invpres.htm|title=FORM 8-K|publisher=SEC|date=May 31, 2019}}</ref> Its core brands include: [[Pyramid (cigarette)|Pyramid]], Grand Prix, [[Liggett Select]], [[Eve (cigarette)|Eve]] and Eagle 20's.<ref name="Vanderford">{{cite web|last1=Vanderford|first1=Greg|title=Invest In Vector Group For The Highest Yield In The Tobacco Industry|url=http://seekingalpha.com/article/3604476-invest-vector-group-highest-yield-tobacco-industry|website=Seeking Alpha|publisher=Seeking Alpha|accessdate=26 October 2015}}</ref> 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)<ref name="Strom">{{cite news|last1=Strom|first1=Stephanie|title=New Valley, Old Management|url=https://www.nytimes.com/1994/10/09/business/new-valley-old-management.html|accessdate=27 September 2016|publisher=New York Times|date=9 October 1994}}</ref> 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.<ref name=formk/>
[[New Valley LLC]] - New Valley LLC (formerly known as Western Union)<ref name="Strom">{{cite news|last1=Strom|first1=Stephanie|title=New Valley, Old Management|url=https://www.nytimes.com/1994/10/09/business/new-valley-old-management.html|accessdate=27 September 2016|work=New York Times|date=9 October 1994}}</ref> 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.<ref name=formk/>


New Valley owns 100 percent<ref name="Bockman, Rich">{{cite news|last1=Bockman|first1=Rich|title=Douglas Elliman to market condos at HFZ’s High Line project|url=http://therealdeal.com/2015/08/18/douglas-elliman-to-market-condos-at-hfzs-high-line-project/|accessdate=27 September 2016|publisher=The Real Deal|date=18 August 2015}}</ref> 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.'''<ref name="Clarke 2">{{cite news|last1=Clarke|first1=Katherine|title=Compass wants investors to believe it’s worth $1.3B|url=http://therealdeal.com/2016/07/12/compass-wants-investors-to-believe-its-worth-1-3b/|accessdate=27 September 2016|publisher=The Real Deal|date=12 July 2016}}</ref>
New Valley owns 100 percent<ref name="Bockman, Rich">{{cite news|last1=Bockman|first1=Rich|title=Douglas Elliman to market condos at HFZ's High Line project|url=http://therealdeal.com/2015/08/18/douglas-elliman-to-market-condos-at-hfzs-high-line-project/|accessdate=27 September 2016|publisher=The Real Deal|date=18 August 2015}}</ref> 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.'''<ref name="Clarke 2">{{cite news|last1=Clarke|first1=Katherine|title=Compass wants investors to believe it's worth $1.3B|url=http://therealdeal.com/2016/07/12/compass-wants-investors-to-believe-its-worth-1-3b/|accessdate=27 September 2016|publisher=The Real Deal|date=12 July 2016}}</ref>


===Other investments===
===Other investments===

Revision as of 19:05, 15 October 2020

This article is about the publicly traded holding company. For the electrical engineering method of categorizing voltage, see Vector group. For other topics, see vector (disambiguation).

Vector Group Ltd.
Company typePublic
NYSE: VGR
S&P 600 Component
Russell 2000 Component
ISINUS92240M1080
IndustryDiversified holding
GenreHolding company
Founded1986 (39 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$1.87 billion (FY 2018)[4]
$58.1 million (FY 2018)[4]
Total assets$1.5 billion (FY 2018)[5]
Number of employees
1,555[5]
SubsidiariesLiggett Group LLC
New Valley LLC
Vector Tobacco[3]
Websitevectorgroupltd.com

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

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

Subsidiaries

Liggett Group LLC - Founded in 1873, Liggett Group LLC 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 and Eagle 20's.[12] 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)[13] 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 owns 100 percent[14] 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.[15]

Other investments

Vector Group also owns a portions of Ladenburg Thalmann Financial Services Inc. and of Castle Brands Inc.[16][17]

Office locations

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

References

  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. ^ Vanderford, Greg. "Invest In Vector Group For The Highest Yield In The Tobacco Industry". Seeking Alpha. Seeking Alpha. Retrieved October 26, 2015.
  13. ^ Strom, Stephanie (October 9, 1994). "New Valley, Old Management". New York Times. Retrieved September 27, 2016.
  14. ^ Bockman, Rich (August 18, 2015). "Douglas Elliman to market condos at HFZ's High Line project". The Real Deal. Retrieved September 27, 2016.
  15. ^ Clarke, Katherine (July 12, 2016). "Compass wants investors to believe it's worth $1.3B". The Real Deal. Retrieved September 27, 2016.
  16. ^ "LADENBURG THALMANN FINANCIAL SERVICES INC" (PDF). SEC. December 31, 2019.
  17. ^ "CASTLE BRANDS INC". SEC. December 31, 2019.
  18. ^ "Offices in New York City". Douglas Elliman. Retrieved September 27, 2016.
  • vectorgroupltd.com, the company's official website
  • Business data for Vector Group Ltd.:
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