
Vector Group’s tobacco subsidiaries have a proud history of charting an independent course in the tobacco industry, dating from Liggett’s founding in 1873. In 1996, Liggett became the first tobacco company to settle certain smoking-related litigation. A year later, we led Liggett into its landmark announcement that smoking is addictive and causes cancer and other health ailments. To this day, Liggett – the fifth largest cigarette manufacturer in the U.S. – remains the only major tobacco company to carry “Smoking Is Addictive” warning labels on its cigarette packs and to list ingredients on its cartons. Liggett has a strong collection of discount cigarette brands, which includes Eve, Grand Prix, Pyramid and Liggett Select.Our Vector Tobacco subsidiary is focused on developing reduced risk cigarette products.Vector Group is also involved in the real estate business through its New Valley subsidiary. New Valley owns a 50% ownership interest in Douglas Elliman Realty LLC, which operates the largest residential real estate brokerage company in the New York metropolitan area. New Valley also holds investments in several significant real estate projects in California and New York.

S&M counts two things -- cigarettes and racing -- among its favorites. S&M Brands makes and markets cigarettes under the Bailey's Cigarettes brand name, as well as under the Freedom of Choice label. CEO Malcolm (Mac) Bailey and his son Steven established the company in 1994. The "S&M" in the corporate name stands for "Steve and Mac." Bailey's Cigarettes are sold throughout the Southeastern US in Alabama, Florida, Delaware, Georgia, Tennessee, Kentucky, the Carolinas, West Virginia, Maryland, and Virginia. S&M is a closely held, family-run company that boasts fifth-generation tobacco growers. The firm sponsors a NASCAR racing team to promote its brand.

Atlantic Dominion has built a business on providing convenience to the masses. As part of its distribution arm, the company supplies more than 15,000 products -- including beverages, groceries, snacks, tobacco, and general merchandise -- to retailers across the US. It also services vending machines, providing fixture installation, product ordering, CO� gas and dry ice services, and repair. Customers include convenience stores, supermarkets, drugstores, tobacco merchants, and US military bases. Originally a seller of handmade cigars, Atlantic Dominion was founded by Leroy Davis in 1875. The company remains family owned and is led by Robin Ray, the founder's great-granddaughter.

British American Tobacco Malaysia, or BAT Malaysia, likes to see things go up in smoke. The company, a subsidiary of global giant British American Tobacco, is the #1 Malaysian cigarette company. It makes, imports, and sells cigarettes, cigars, and pipe tobacco under the names Benson & Hedges, Dunhill, Kent, and Pall Mall, among others. BAT Malaysia has a leaf-processing plant, a factory, and about 10 sales offices. The company also houses the quality lab for all of British American Tobacco's Asian operations (Hong Kong, Japan, China, and Vietnam). It was formed in 1999 by the merger of Rothmans of Pall Mall (Malaysia) and Malaysian Tobacco Company.

Lorillard, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. The company offers 44 different product offerings under the Newport, Kent, True, Maverick, Old Gold, and Max brands. It sells its products primarily to wholesale distributors, who in turn service the retail outlets, chain store organizations, and government agencies, including the U.S. Armed Forces. The company was founded in 1760 and is based in Greensboro, North Carolina. Lorillard, Inc. (NYSE:LO) operates independently of Loews Corp. as of June 10, 2008.

Rothmans company owns 60% of Rothmans, Benson & Hedges (RBH). RBH, Canada's #2 tobacco firm (Imperial Tobacco Canada is #1), makes and distributes cigarettes and roll- your-own tobaccos under top brands Craven "A" and Rothmans, as well as Belvedere, Benson and Hedges, Dunhill (licensed), Mark Ten, Number 7 (its best seller), and Viscount. RBH also distributes cut tobacco, mini-cigars, and pipe tobacco (Captain Black). Rothmans controls about a third of the Canadian tobacco product market. Philip Morris International (PMI) acquired Rothmans for about $2 billion in 2008.

Zippo's refillable lighters (which come with a lifetime guarantee) are sold in more than 120 countries. Zippo also owns W.R. Case & Sons Cutlery (pocketknives) and makes key holders, money clips, pocket flashlights, tape measures, and writing instruments. George Blaisdell founded Zippo in 1932 after watching a friend try to light a cigarette in the wind. His daughters, Harriet Wick and Sarah Dorn (and her sons, George and Paul Duke), own Zippo. Thousands of collectors converge on Bradford, Pennsylvania, for the company's biennial swap meet.

KT&G's business goes up in a puff of smoke every day. As South Korea's leading cigarette manufacturer, KT&G enjoys about a 70% market dominance and exports its smokes under more than 20 different brand names to the US, China, and Central and Southeast Asia. The firm escaped government control in 2002 and has since added bio and pharmaceutical production, and real estate alongside its core cigarette manufacturing business. KT&G's products are also distributed in Russia, Mongolia, Uzbekistan, Lebanon, and the United Arab Emirates. The firm got its start in 1899 as the Korean imperial household's exclusive supplier of tobacco and ginseng.

Altadis Pyrenees Mountains may divide France and Spain, but Altadis unites the countries for a smoke. Born of the 1999 merger of Spain's Tabacalera and France's Societe Nationale d'Exploitation Industrielle des Tabacs et Allumettes (Seita), Altadis is one of the world's largest tobacco firms. Altadis brands include Ducados, Fortuna, Gauloises, and Gitanes. Its cigar operation (the top worldwide) produces Antonio y Cl opatra, Farias, Hav-A-Tampa, and Montecristo and controls a quarter of the world's cigar market (mostly from its Altadis USA unit).

ITC walks with the other giants of the Indian business world -- Tata and Reliance. Primarily, the company makes cigarettes and tobacco, as well as papers and packaging. It manages lines of branded apparel, personal care products, and prepackaged food. ITC also runs hotels and exports agricultural commodities (including rice, wheat, and lentils). The company is India's second-largest exporter of agri-products. Its major brands include India Kings, Insignia, Navy Cut, Scissors, and Gold Flake (cigarettes); Wills Sport and John Players (clothing); Kitchens of India and Aashirvaad (prepackaged food); and Expressions (greeting cards). It is also parent to one of India's leading technology companies, ITC Infotech.
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