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Imperial Tobacco PLC
is the largest cigarette manufacturer in the UK (but the second largest
UK based tobacco company by global sales after British American
Tobacco), second largest in Germany and fourth worldwide, following its
purchase of Reemtsma Zigarettenfabriken, adding brands such as
Davidoff, Peter Stuyvesant and West to its line-up. The company's
headquarters are in Bristol, England.
For the year ended 30 September 2004 Imperial Tobacco had turnover of
£11.005 billion, or £3.032 billion excluding tobacco duty. It made
profits before tax of £688 million and net profit of £445 million.
Imperial Tobacco was created in 1901 from a merger of a number of
British tobacco and cigarette companies who were being threatened by
competition from the United States. The original merger was between
W.D. & H.O. Wills of Bristol and Stephen Mitchel & Son of
Glasgow. The company's first chairman was William Henry Wills of the
Wills company. Later mergers swallowed Lambert & Butler, Wm Clarke
& Son, John Player & Sons, Franklyn Davey company, Edwards
Ringer, J & F Bell and F & J Smith.
In 1902 the then Imperial Tobacco Company and the American Tobacco
Company agreed to form a joint venture, the British-American Tobacco
Company Ltd. The parent companies agreed not to trade in each other's
domestic territory and to assign trademarks, export businesses and
overseas subsidiaries to the joint venture. Amercian Tobacco sold its
share in 1911 but Imperial maintained an interest until 1980.
In 1973, having become increasingly diversified (restaurant chains,
food services and brands, distribution etc), Imperial Tobacco Company
became Imperial Group Limited, later Imperial Group PLC. The company
was acquired by the conglomerate Hanson plc in 1986.
R1 cigarettes was launched in 1984 in Germany. Today, it has a strong
position in Germany, Russia, the Ukraine, Poland and Greece. The modern
Slim Line variant of cigarettes is segment leader in Greece and very
popular in Eastern Europe. |
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