Vector Group

{{Infobox company

| name = Vector Group Ltd.

| logo = Vector Group logo.png

| traded_as = {{NYSE was|VGR}}

| foundation = {{start date and age|1986|paren=yes}}.{{cite news|last1=Fairclough|first1=Gordon|title=Liggett's Chief Breaks Rank Again At Tobacco Trial|url=https://www.wsj.com/articles/SB852765774405635000|access-date=27 September 2016|publisher=Wall Street Journal|date=26 June 2000}}

| founder = Bennett S. LeBow

| location = Miami, Florida, U.S.

| key_people = {{ubl

|Bennett S. LeBow (chairman)

|Howard Lorber (president and CEO)

|Richard Lampen (Executive Vice President)

|J. Bryant Kirkland III (Senior Vice President, Chief Financial Officer and Treasurer)

|Marc N. Bell (Senior Vice President, General Counsel and Secretary)

}}

| industry = Diversified holding

| products = Tobacco, real estate, property management{{cite web|title=Vector Group Ltd. 2016 Stockholders' Report|url=http://www.vectorgroupltd.com/wp-content/uploads/2017/03/Vector-Group-2016-Annual-Report.pdf|website=Vector Group|access-date=23 December 2017}}

| revenue = $2.02 billion (FY 2020){{cite web |url=http://ir.vectorgroupltd.com/news-releases/news-release-details/vector-group-reports-fourth-quarter-and-full-year-2018-financial|title=Vector Group Reports Fourth Quarter and Full Year 2018 Financial Results |publisher=Vector Group|date=February 28, 2019}}

| net_income = $92.5 million (FY 2020)

| assets = $1.34 billion (FY 2020){{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/59440/000005944019000004/a2018-10k.htm|title=ANNUAL REPORT|publisher=SEC|date=December 31, 2018}}

| num_employees = 1,007

| subsid = Liggett Group LLC
New Valley LLC
Vector Tobacco

| homepage = {{URL|vectorgroupltd.com}}

| footnotes = {{cite web|title=Vector Group Ltd|url=https://www.bloomberg.com/quote/VGR:US|website=Bloomberg Markets|publisher=Bloomberg.com|access-date=27 September 2016}}

| intl =

| parent = Japan Tobacco

}}

Vector Group Ltd. is an American diversified holding company with two major businesses: Liggett Group{{cite news|last1=Ornstein|first1=Charles|title=Top Medical Journal Deflects Criticism of Withholding Data|url=http://www.newsweek.com/medical-journal-deflects-criticism-withholding-data-444328|access-date=27 September 2016|publisher=ProPublica|date=6 April 2016}} (tobacco) and New Valley (real estate).{{cite news|last1=Clarke|first1=Katherine|title=Who really owns NYC's real estate firms?|url=http://therealdeal.com/issues_articles/who-really-owns-nycs-real-estate-firms/|access-date=27 September 2016|publisher=The Real Deal|date=1 February 2013}}

Bennett S. LeBow founded Vector Group in 1986. Since then, he has served as Chairman. Howard Lorber has served as the Company's President and Chief Executive Officer since 1994.{{cite web|last1=Bockmann|first1=Rich|title=Howard Lorber and the art of brand management|url=http://therealdeal.com/issues_articles/brand-management/|website=The Real Deal|access-date=27 September 2016}}

Vector Group was previously called Brooke Group.{{cite web |url=https://www.cnn.com/2019/02/21/politics/senate-trump-russia-david-geovanis-intl/index.html |title=Senate investigators pursue Moscow-based former Trump associate |author=Nina dos Santos |date=February 21, 2019 |website=CNN.com |access-date=February 22, 2019}}

In August 2024, Vector Group agreed to be acquired by Japan Tobacco (JT Group) to become a wholly owned consolidated subsidiary of JT.{{cite web |title= JT Group to Acquire Vector Group Ltd. |url= https://www.businesswire.com/news/home/20240821063460/en/JT-Group-to-Acquire-Vector-Group-Ltd. |date= August 21, 2024 |publisher=Businesswire}} The deal was completed in October 2024.{{cite web |title= JT Group Completes Acquisition of Vector Group Ltd. |url= https://www.businesswire.com/news/home/20241007205251/en/JT-Group-Completes-Acquisition-of-Vector-Group-Ltd. |date=October 10, 2024 |publisher= Businesswire}}

Holdings

=Subsidiaries=

Founded in 1873, Liggett Group is the fourth-largest cigarette manufacturer in the U.S.{{cite news|last1=Hargreaves|first1=Rupert|title=Here's Why Vector Group is a Great Investment|url=http://www.fool.com/investing/general/2014/03/18/heres-why-vector-group-is-a-great-investment.aspx|access-date=27 September 2016|publisher=Motley Fool|date=18 March 2014}} Liggett operates in the discount cigarette market. As of March 31, 2019, Liggett's family of brands represented a 14% share of the discount market.{{cite web |url=https://www.sec.gov/Archives/edgar/data/59440/000005944019000037/may19invpres.htm|title=FORM 8-K|publisher=SEC|date=May 31, 2019}} Its core brands include: Pyramid, Grand Prix, Liggett Select, Eve, Eagle 20's, and Montego.{{cite news |last1=Maloney |first1=Jennifer |last2=Harring |first2=Alex |title=Cheaper Beer, Cigarettes Gain Favor as Inflation Pinches Shoppers |url=https://www.wsj.com/articles/cheaper-beer-cigarettes-gain-favor-as-inflation-pinches-shoppers-11658655001 |access-date=21 January 2024 |date=24 July 2022}}{{cite web|last1=Vanderford|first1=Greg|title=Invest In Vector Group For The Highest Yield In The Tobacco Industry|url=http://seekingalpha.com/article/3604476-invest-vector-group-highest-yield-tobacco-industry|website=Seeking Alpha|access-date=26 October 2015}} Vector Tobacco is engaged in the manufacture of conventional cigarettes, based in North Carolina.

New Valley LLC (formerly known as Western Union){{cite news|last1=Strom|first1=Stephanie|title=New Valley, Old Management|url=https://www.nytimes.com/1994/10/09/business/new-valley-old-management.html|access-date=27 September 2016|work=New York Times|date=9 October 1994}} is a diversified real estate company that acquires or invests in real estate properties or projects. It has invested in more than 30 real estate projects as of March 31, 2019.

New Valley previously owned 100 percent{{cite news|last1=Bockman|first1=Rich|title=Douglas Elliman to market condos at HFZ's High Line project|url=http://therealdeal.com/2015/08/18/douglas-elliman-to-market-condos-at-hfzs-high-line-project/|access-date=27 September 2016|publisher=The Real Deal|date=18 August 2015}} of Douglas Elliman, the largest residential real estate brokerage firm in the New York metropolitan area and fourth-largest residential brokerage firm in the U.S.{{cite news|last1=Clarke|first1=Katherine|title=Compass wants investors to believe it's worth $1.3B|url=http://therealdeal.com/2016/07/12/compass-wants-investors-to-believe-its-worth-1-3b/|access-date=27 September 2016|publisher=The Real Deal|date=12 July 2016}} In December 2021, Vector Group completed the spin-off of Douglas Elliman into a standalone, publicly traded company.{{cite news |last1=Bojnansky |first1=Erik |title=Vector Group completes Douglas Elliman spinoff |url=https://www.bizjournals.com/southflorida/news/2021/12/31/douglas-elliman-ticker.html |access-date=21 January 2024 |work=www.bizjournals.com |date=31 December 2021}}

Office locations

Vector Group and New Valley's headquarters are in Miami, Florida and they have an additional office in New York, New York.{{cite web|title=Offices in New York City|url=http://www.elliman.com/offices/new-york-city|website=Douglas Elliman|access-date=27 September 2016}}