Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
GENERAL CIGAR CO. ACQUIRING TORAÑO BRANDS
#1
Lots of news about this:

http://halfwheel.com/general-buys-torano-cigars/70130

http://www.cigaraficionado.com/webfeatur...ands-17782

I wonder how Sam will do with this acquisition?
They call me The Mum - Jimmie the Mum
Viva Mumcero - Mahk 12/4/2010 - http://www.stogiechat.com/forum/thread-20737.html
Honorary Shield Brother
Weak people seek Revenge, Strong people Forgive, Intelligent people Ignore
Reply
#2
Wow. This is disturbing news for me. I feel bad for the employees there. Sold out the company and they don't have a place at General for them? Did I read that right? And Sam, what is to come with his brands. Crazy stuff
Reply
#3
I saw Sam say he will be fine. He said he has a bunch of ways he can go...maybe he will stop by here and say hello
Reply
#4
Yeah, good update Nick.. sad really
No Justice, No Peace!
Reply
#5
(09-11-2014, 06:40 PM)Admin Wrote: Wow. This is disturbing news for me. I feel bad for the employees there. Sold out the company and they don't have a place at General for them? Did I read that right? And Sam, what is to come with his brands. Crazy stuff

From the 1st link: (bold by me)

Quote:That press release indicated the deal was effective today, Sept. 11, 2014. It covers the brands of the company, not the company itself which will close down.

Toraño’s portfolio of brands which includes Exodus, Loyal, Master by Carlos Toraño, Salutem, Vault and others will become part of the General Cigar Co. portfolio. Toraño’s staff is unlikely to make the move according to one current employee. For at least some members of the sales force this will seem like déjà vu: the second time the brands they were selling have been moved to Richmond as part of General; the second time they now need a new job.

IMHO....really shitty move....screw the employees & also do it on this date, 9/11 Big PR fail.
If Sonny had EZ-Pass, he'd have survived that hit...
Never apologize mister, it's a sign of weakness. - Capt. Nathan Cutting Brittles
Reply
#6
I did not know General owned Cigars International...
Reply
#7
And the big just get bigger...
Reply
#8
(09-12-2014, 03:09 PM)The542 Wrote: I did not know General owned Cigars International...
they bought it a little over a year ago, if I recall correctly.

This acquisition was long over due. General bought CAO from... Swedish Match a while back and Torano and CAO have been linked for quite some time. So this doesn't surprise me.
Jonathan Charles Axisa, my beloved son, 11/7/1979 - 7/8/2010

Ғµ(Ķ Cancer
Reply
#9
I'm sure a saw Sam say he was moving forward, so hopefully he is sorted
The 2 most important days of your life are: The day you were born & the day you find out why
Reply
#10
Yup ..... Sam has signed up with GCC Inc
The 2 most important days of your life are: The day you were born & the day you find out why
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
Best deals on cigars!