• May 21, 2024

Altria Mulls Sale of Sherman

 Altria Mulls Sale of Sherman

Altria Group is “exploring options” for its premium cigar subsidiary, Nat Sherman International, including selling the business, according to an article in
Cigar Aficionado.

In a statement, an Altria representative said the premium cigar business is not core to Altria’s tobacco portfolio. Nat Sherman International includes the company’s cigar brands. The Nat

Sherman cigarette brand is not part of the subsidiary that might be sold.

Altria acquired Nat Sherman International from the Sherman family in January 2017.