Gallaher Group
Encyclopedia : G : GA : GAL : Gallaher Group
Gallaher Group is a major British based multinational tobacco company. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index.
The business was originally founded in 1857 by Tom Gallaher in Londonderry, Northern Ireland. By 1896, he opened the largest tobacco factory in the world in Belfast. The business was incorporated on 28 March, 1896 to "carry on in all their branches the businesses of tobacco, cigar, cigarettes and snuff manufacture".
Gallaher operates primarily in the United Kingdom and Europe, with much smaller operations in Central Asia, Africa and the Middle East. For the year ended 31 December 2004 turnover was £8.115 billion of £5.568 billion was tobacco duty. Profit before tax was £429 million and net profit was £290 million.
Gallaher is the smallest of the three major quoted British tobacco groups; the other two are BAT and Imperial Tobacco. On August 4, 2000, Gallaher completed acquisition of Liggett Ducat, Russia's #1 cigarette brand. In January 2002, Gallaher became the 100% owner of Austria's former nationalized biggest tobacco-company Austria Tabak.
Gallaher's two UK factories are in Cardiff and Ballymena, Northern Ireland. Gallaher brands include Benson & Hedges and Silk Cut.
External links
From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.