Imperial Brands to exit cigar biz for $1.2bn: Barron’s

Imperial Brands has agreed to sell its cigar business for $1.2 billion, reported Barron's.

Imperial Brands has agreed to sell its cigar business for $1.2 billion, reported Barron’s. The outlet noted that Gemstone Investment Holding will acquire Premium Cigar USA while Allied Cigar Corporation will buy Premium Cigar Rest of the World.

Source: Barron’s