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dual holding company structure, in which the shareholders hold units comprising twinned shares in Rothmans International Plc, a British company, and Rothmans International NV a Dutch company. Rothmans International Plc owns the UK-based businesses and Rothmans International NV owns non-UK based businesses. The composition of the boards of both companies is identical. Following the | dual holding company structure, in which the shareholders hold units comprising twinned shares in Rothmans International Plc, a British company, and Rothmans International NV a Dutch company. Rothmans International Plc owns the UK-based businesses and Rothmans International NV owns non-UK based businesses. The composition of the boards of both companies is identical. Following the | ||
reorganisation, Rothmans Tobacco (Holdings) SA, an indirectly wholly-owned Richmont subsidiary, owns 61% of the Rothmans International units, with the balance being held by former public shareholders of | reorganisation, Rothmans Tobacco (Holdings) SA, an indirectly wholly-owned Richmont subsidiary, owns 61% of the Rothmans International units, with the balance being held by former public shareholders of | ||
Rothmans and Dunhill<ref name=fu>Fundinguniverse (1998). Rothmans UK Holdings Limited History. Retrieved 06 March 2020 from [http://www.fundinguniverse.com/company-histories/rothmans-uk-holdings-limited-history/ fundinguniverse.com]</ref>. | Rothmans and Dunhill<ref name=fu>Fundinguniverse (1998). Rothmans UK Holdings Limited History. Retrieved 06 March 2020 from [http://www.fundinguniverse.com/company-histories/rothmans-uk-holdings-limited-history/ fundinguniverse.com]</ref>. Vendome is now called Richemont (created in 1988 by the spin-off of the international assets owned by Rembrandt Group Limited of South Africa) and owns percent effective interest of BAT stock. | ||
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Rothmans | In 1995 Richemont buyout of Rothmans International minority shareholders. In 1999 Merger of Rothmans International with British American Tobacco (Richemont holds 23.3 percent effective interest in the enlarged British American Tobacco)<ref name=richemont>Richemont History, including Significant Investments and Divestments Retrieved 06 February 2020 from [https://www.richemont.com/group/history-including-significant-investments-and-divestments.html Richemont]</ref>. The Dunhill brand as owned by Richemont was organized into two separately controlled entities: Dunhill Manufacturing (The White Spot Smoker's Accessory Division: pipes, lighters, leather goods, etc), and Dunhill luxury goods, which includes the stores, watches, pens (Dunhill bought Mont-Blanc around 1977), clothes etc<ref name=richemont>Richemont History, including Significant Investments and Divestments Retrieved 06 February 2020 from [https://www.richemont.com/group/history-including-significant-investments-and-divestments.html Richemont]</ref> (Richard Dunhill headed the pipe making division). Today, it is not a separate entity. The White Spot (smokers' accessory) division is a product division within Alfred Dunhill Limited (like menswear, leather goods or hard products)<ref name=hener>Hener, K. S. Product Line Director - The White Spot Smoker's Accessory Division and Walthamstow site. (Conversations held between 2019 and 2020).</ref> The stores and other branded items are run separately by people who figure their potential customer base is 95% non-smokers.<ref name=balfour21>Balfour, Michael. (1992). Alfred Dunhill, One Hundred Years and More, Introduction (pp.7-11). London, Weidenfield and Nicolson.</ref></font> | ||
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<font size="2">'''Addendum+:''' In 1976 Dunhill acquired (for U$2,185,000 + 106,000 £ after loan repayments) Lane Limited which included [[Charatan]] (acquired by Lane in '62), [[Ben Wade]] (acquired in '65 and the Grosvernor Pipe (founded in '62 by Herman Lane). In 1987 Dunhill Sold the control of Lane Ltd to Rothmans (later merged with BAT).<ref name=balfour24>Balfour, Michael. (1992). Alfred Dunhill, One Hundred Years and More (pp. 176-178). London: Weidenfield and Nicolson.</ref><br>Dunhill allowed Preben Holm to use the Ben Wade name until his death, in 1989. Almost a decade passed before John Louis Duncan bought the name from Dunhill and relaunched the brand while still using the [[Dunhill Factory]] at Walthamstow. The [[Ben Wade]] brand was subsequently sold to Mr Peter Wilson, in 1998 (John Duncan, a grandson of the founder John Louis Duncan, sold the firm to his brother-in-law Peter Wilson)<ref name=dgl>Ferrara, Fabio (2000). La datazione delle CHARATAN. Retrieved 08 April 2020 from [https://digilander.libero.it/tempioedonismo/CHARATAN.htmsmokingpipes.com digilander.libero.it]</ref><ref name=pmrs>The Pipes Magazine Radio Show – Episode 178 and 225. Ken Barnes on Radio Show. February 9, 2016 and January 3, 2017. Retrieved 08 April 2020 from [https://pipesmagazine.com/blog/category/radio-talk-show/ pipesmagazine.com]</ref> | <font size="2">'''Addendum+:''' In 1976 Dunhill acquired (for U$2,185,000 + 106,000 £ after loan repayments) Lane Limited which included [[Charatan]] (acquired by Lane in '62), [[Ben Wade]] (acquired in '65 and the Grosvernor Pipe (founded in '62 by Herman Lane). In 1987 Dunhill Sold the control of Lane Ltd to Rothmans (later merged with BAT).<ref name=balfour24>Balfour, Michael. (1992). Alfred Dunhill, One Hundred Years and More (pp. 176-178). London: Weidenfield and Nicolson.</ref><br>Dunhill allowed Preben Holm to use the Ben Wade name until his death, in 1989. Almost a decade passed before John Louis Duncan bought the name from Dunhill and relaunched the brand while still using the [[Dunhill Factory]] at Walthamstow. The [[Ben Wade]] brand was subsequently sold to Mr Peter Wilson, in 1998 (John Duncan, a grandson of the founder John Louis Duncan, sold the firm to his brother-in-law Peter Wilson)<ref name=dgl>Ferrara, Fabio (2000). La datazione delle CHARATAN. Retrieved 08 April 2020 from [https://digilander.libero.it/tempioedonismo/CHARATAN.htmsmokingpipes.com digilander.libero.it]</ref><ref name=pmrs>The Pipes Magazine Radio Show – Episode 178 and 225. Ken Barnes on Radio Show. February 9, 2016 and January 3, 2017. Retrieved 08 April 2020 from [https://pipesmagazine.com/blog/category/radio-talk-show/ pipesmagazine.com]</ref> |