ITG Brands

ITG Brands was formed in June 2015 as an American subsidiary of multinational conglomerate Imperial Brands. After competing tobacco companies Reynolds American Inc. and Lorillard Inc. merged in 2015, they were required by the FTC to divest four cigarette brands. Imperial then acquired cigarette brands Winston, Salem, Kool, and Maverick, along with blu eCigs from the Reynolds American-Lorillard merger for $7.1 billion.{{cite web|url=https://www.bizjournals.com/charlotte/blog/morning-edition/2015/05/the-27b-reynolds-lorillard-deal-which-brands-go.html|title=The $27B Reynolds-Lorillard deal: Which brands go where?|author=Arcieri, Katie|date=May 28, 2015|website=Charlotte Business Journal|access-date=October 11, 2019}}{{cite web|url=https://www.cnbc.com/2014/07/15/feeling-blu-e-cig-company-spun-off-in-major-tobacco-deal.html |title=Feeling blu? E-cig company spun off in major tobacco deal|author=Mangan, Dan|date=July 15, 2014|website=CNBC|access-date=October 11, 2019}} Cigar brands already owned by Imperial included Backwoods, Dutch Masters, and Phillies. David Taylor, the CFO of Lorillard Inc. pre-merger, became ITG Brands’ first CEO in 2015.{{cite web|url=https://www.bizjournals.com/triad/blog/morning-edition/2015/06/itg-brands-ceo-ocus-will-be-to-restore-the-value.html|title=ITG Brands CEO: Focus will be to "restore" the value of Winston, Kool brands|author=Arcieri, Katie|date=June 15, 2015|website=Triad Business Journal|access-date=October 16, 2019}}

ITG Brands announced it would close the Reidsville manufacturing plant by April 2020, "affecting 117 manufacturing jobs."{{Cite web| title = Imperial Brands projects slight revenue growth for fiscal 2018| last = Craver| first = Richard| work = Winston-Salem Journal| date = 9 November 2018| access-date = 1 December 2018| url = https://www.journalnow.com/business/imperial-brands-projects-slight-revenue-growth-for-fiscal/article_2db84fe0-e8a9-598e-9fe5-1d8cf53583f8.html}} It planned to move manufacturing to Greensboro, North Carolina.{{Cite web| title = ITG Brands moving its Reidsville facilities in 2020| author = Bollinger, Luke | work = Triad Business Journal| date = 2 November 2018| access-date = 1 December 2018| url = https://www.bizjournals.com/triad/news/2018/11/02/itg-brands-to-consolidate-reidsville-operations-to.html}} As of 2022, the number of Greensboro employees was down to 895 from 1700 in 2015.{{cite news| title = Imperial expects slight revenue growth: Imperial remains on pace for small revenue growth in fiscal 2022 | author = Craver, Richard | work = Winston-Salem Journal | date = 6 April 2022 | url = https://journalnow.com/business/local/imperial-remains-on-pace-for-slight-revenue-growth-in-fiscal-2022/article_28af8e32-b5be-11ec-b3e7-a7e7987f3280.html}}

ITG Brands was one of three tobacco companies warned by the Food and Drug Administration that "they did not have the agency’s approval to claim that their products were free of certain harmful substances, or that they posed less risk to consumers than other tobacco products."{{Cite web| title = F.D.A. Warns 3 Tobacco Makers About Language Used on Labels| author = Abrams, Rachel| work = The New York Times| date = 27 August 2015| access-date = 1 December 2018| url = https://www.nytimes.com/2015/08/28/business/fda-warns-3-tobacco-makers-about-language-used-on-labels.html}}

ITG Brands donated $25,000 to the North Carolina Disaster Relief Fund to provide relief for Hurricane Florence.{{Cite web| title = ITG Brands Donates $25,000 to Aid Hurricane Relief| author = CSD Staff| work = Convenience Store Decisions| date = 27 September 2018| access-date = 1 December 2018| url = https://cstoredecisions.com/2018/09/27/itg-brands-donates-25000-to-aid-hurricane-relief/}}

In 2021, Kim Reed was named as president and CEO.{{cite web|url=https://www.bizjournals.com/triad/news/2021/05/10/itg-brands-promotes-kim-reed-to-president-and-ceo.html|website=Bizjournals|title=ITG Promotes Kim Reed}}

In 2023, ITG Brands forced the closure of the historic "Winston Cup Museum" located in Winston-Salem, NC due to numerous copyright lawsuits filed against the small business. {{cite web|url=https://myfox8.com/sports/nascar-motorsports/winston-cup-museum-announces-closure-due-to-financial-concerns/|website=MyFox8|title=Winston Cup Museum Announces Closer}}

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• Antonio y Cleopatra
• Backwoods Smokes
• blu eCigs
• Crowns
• Dutch Masters
• El Producto
• Hav-A-Tampa
• Kool
• Maverick
• Montclair
• Phillies
• Rave
• Salem
• Sonoma
• USA Gold
• White Cat
• Winston
• Zone

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{{reflist}}

• {{Official|https://www.itgbrands.com/}}

{{Imperial Tobacco}}

Category:Tobacco companies of the United States

Category:Imperial Brands

Category:Companies based in Greensboro, North Carolina