Euros and dollars make all things possible.The acquisition will have to pass muster with Danish, EU and US antitrust regulators, but yeah: bad news all around.
Euros and dollars make all things possible.The acquisition will have to pass muster with Danish, EU and US antitrust regulators, but yeah: bad news all around.
This is the truth of the modern era. Antitrust enforcement is pitiful if not absent.The joys of the 'Corporate State' in action. Little or no competition, minimal choice but a fat healthy profit for those at the top.
Dude. You’re killin it today.Excuse me, Jesse.
That’s “Notes of Hay” to you.
Also the name of my favorite band.
...the transaction is valued at DKK 535 million.
So, does this move then explain Per Jensen's exit from Mac Baren? I knew that he left, but do not know why.
What may this agenda be?? As a fellow European i NEED to know.For Europe, this is already irrelevant. With the 2030 agenda, we will have to hurry to smoke all the tobacco in storage.
My guess is it will. At least a US satellite office. It helps with the importation.Hoping STG keeps Sutliff operations in Richmond as is, but sadly changes are very likely.
I'm not sure I am picking up on your meaning here unless you're just pointing out that Phillip Morris is huge compared to STG and they have stronger earnings. I've been looking at the last quarterly report from STG and it doesn't paint a pretty picture.The EBITDA is what should capture everyone’s attention.
Do a comparison between STG and Phillip Morris.
No. Buy moreSo you're saying I should put down the half-finished mason jar of VA #1 I've been smoking (first pipe tobacco I tried!) because it might be worth something someday?
Unless you are “in the business”, you really have no idea as to how pipe tobacco sales volumes are doing. Anecdotal evidence means little. My observations (consolidations, plant closings, SKU reductions, atrophied population of older smokers) tell me that pipe tobacco sales continue to decline, perhaps markedly. While niche segments and some regional demographics may be doing better, the overall trend is downward.Per Jensen told me at the Vegas show they let him go because RYO is growing in the EU while pipe smoking is dying. That, and as a family business, the relics of the past are moving on and the younger generation of HH's just don't have skin in the pipe game. In a certain way, it makes sense for them to sell. After all, the pipe industry seems to die every few decades.
And yet, pipe smoking revives as often as it dies. Humans having been smoking pipes for 10,000+ years (Ref: Iain Gately's History of Tobacco) and there's no reason to believe that it'll perish for good now. I have to wonder if both the folks at Mac Baren and Scandinavian alike won't regret the decision if it goes through.
Recent trends (pipe makers sprouting up all over the world, with Lord of he Rings franchises also being produced ad infinitum) would suggest that there's a flood to come. All this consolidation is likely to make STG stagnate in the future as they assume they own the market. That'll open the way for innovation - one can hope - but once Scandinavian acquired Mac Baren, they'll only stand to lose market share with every new trend.
STG will close the US MacBaren/Sutliff operations and cut the product offerings, just as they eventually did with Lane. That’s the “efficiencies” that they talk about.My guess is it will. At least a US satellite office. It helps with the importation.
I don't pretend to know how they're doing; As a bystander it's easy to see historic trends while having no financial stake in the matter. Given the likely age of those in charge of Mac Baren, their heirs likely have little interest in the business, so I have no particular judgments in unloading the company.Unless you are “in the business”, you really have no idea as to how pipe tobacco sales volumes are doing. Anecdotal evidence means little. My observations (consolidations, plant closings, SKU reductions, atrophied population of older smokers) tell me that pipe tobacco sales continue to decline, perhaps markedly. While niche segments and some regional demographics may be doing better, the overall trend is downward.
If past is prologue, that’s a very faint hope.Let's just hope they don't alter any of the recipes for the blends they're acquiring