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Home > Company Index > Food, Beverage & Tobacco > Tobacco Products > Lorillard Tobacco Company
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Lorillard Tobacco Company |
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PROFILE |
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Lorillard Tobacco lights up Loews. The subsidiary is the #4 US cigarette maker, with about an 10% market share. Lorillard gets about three-fourths of its sales from flagship brand Newport; its other cigarette brands include Kent, True, Old Gold, and Maverick. Lorillard produces about 20% of parent company Loews' sales and a bigger share of the profits. The oldest US cigarette company, Lorillard was founded in 1760 by French immigrant Pierre Lorillard. Loews bought Lorillard in 1968. The tobacco industry has reached multi-billion dollar legal settlements with all 50 states and still faces individual lawsuits. The company has agreed to pay at least $709 million (along with two other companies) to Florida smokers.
COMPETITION |
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Brown & Williamson Tobacco Corp. (dossier)
Philip Morris U.S.A. (dossier)
R.J. Reynolds Tobacco Holdings, Inc. (RJR)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 4,064.50
1-Yr. Sales Growth: 41.9%
Employees: 3,300
Revenue per employee: $1,231,666.67
KEY PEOPLE |
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Martin L. Orlowsky
CEO
Thomas Staab
CFO
CONTACT INFO |
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714 Green Valley Rd.
Greensboro, NC 27408
US
Phone: 336-335-7000
Fax: 336-335-7414
Online: Web Site
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