Bennett S. LeBow Chairman Howard Lorber President and Chief Executive Officer Richard Lampen Executive Vice President[2] J. Bryant Kirkland III Senior Vice President, Chief Financial Officer and Treasurer[2] Marc N. Bell Senior Vice President, General Counsel and Secretary[2] Ronald J. Bernstein President and Chief Executive Officer of Liggett Group LLC and Liggett Vector Brands LLC[2]
Vector Group Ltd. is an American diversified holding company with two major businesses: Liggett Group[6] (tobacco) and New Valley (real estate).[7]
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.[8]
Vector Group was previously called Brooke Group.[9]
Holdings
Subsidiaries
Founded in 1873, Liggett Group is the fourth-largest cigarette manufacturer in the U.S.[10] 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.[11] Its core brands include: Pyramid, Grand Prix, Liggett Select, Eve, Eagle 20's, and Montego.[12][13] Vector Tobacco is engaged in the manufacture of conventional cigarettes, based in North Carolina.
New Valley LLC (formerly known as Western Union)[14] 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.[11]
New Valley previously owned 100 percent[15] 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.[16] In December 2021, Vector Group completed the spin-off of Douglas Elliman into a standalone, publicly traded company.[17]
Office locations
Vector Group and New Valley's headquarters are in Miami, Florida[3] and they have an additional office in New York, New York.[18]