The $27.4 billion dollar deal that joined Reynolds American Inc. and Lorillard became final last week. But looming questions are still unanswered, mainly surrounding the future for ITG Brands, the arm of Imperial Tobacco, that took over the Greensboro plant.
The Imperial Tobacco Group has selected Greensboro as the headquarters location for a new company it is forming in anticipation of the Reynolds American/Lorillard merger. The British tobacco maker announced the selection Wednesday.
Tobacco-Free Kids spokesman explains why the organization's new campaign calls on retailers to end tobacco sales and urges consumers to shop tobacco-free. A tobacco company representative also responds to the initiative.
A national campaign is calling on retailers to end tobacco sales. The move comes in the wake of CVS Pharmacy’s historic decision last month to stop selling tobacco products.
It’s official. Reynolds American, Inc. plans to buy Greensboro-based Lorillard in a nearly $27 billion dollar acquisition deal. Reynolds American is based in Winston-Salem and company official said t will remain a part of the city's downtown skyline.
Reynolds American officials say the acquisition of Lorillard will significantly strengthen and diversify R.J. Reynolds’ cigarette portfolio, which includes acquiring the Newport brand. Newport leads the U.S. menthol category.
The city of Winston-Salem and community partners are finding new uses for the former R.J. Reynolds Tobacco manufacturing plant in Winston-Salem. The site has been redeveloped and now houses Wake Forest Innovation Quarter. Reynolds American's corporate headquarters are located in downtown Winston-Salem.
In this week’s Business Report, a team of reporters from the Triad Business Journal is taking a closer look at the possible merger between Reynolds American & Lorillard Tobacco Co. and the impact the merger could have on the Triad.
The Reynolds Building (center) has been part of the downtown Winston-Salem skyline since 1929. In this picture, it is flanked to the left by the brick Pepper Building (circa 1928) the contemporary One West Fourth Street (2002) and to the right by Winston Tower (1966). The building was sold to developers on Thursday, May 22, 2014.
The Reynolds Building (center) has been part of the downtown Winston-Salem skyline since 1929. In this picture it is flanked to the left by the brick Pepper Building (circa 1928) the contemporary One West Fourth Street (2002) and to the right by Winston Tower (1966).