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The Lorillard hogshead in 1789 featuring a Native American smoking Lorillard Snuff Mill, built 1840, photo 1936. The company was founded by Pierre Abraham Lorillard in 1760. In 1899, the American Tobacco Company organized a New Jersey corporation called the Continental Tobacco Company, which took a controlling interest in many small tobacco companies. [4]
Pierre Abraham Lorillard (1742 – 1776) was a French-American tobacconist who founded the business which developed into the Lorillard Tobacco Company, which claimed to be the oldest tobacco firm in the United States and in the world. [1] [2] His name is also sometimes given as Peter Abraham Lorillard, [3] Peter Lorillard and Pierre Lorillard I.
Lorillard is considered by many to be one of the US' better tobacco companies. Indeed, unlike the situation at peers Altria and Reynolds American , the volume of cigarettes sold by Lorillard is ...
The Financial Times recently reported on speculation that Reynolds American will acquire Lorillard . If the deal goes through, it would combine the second- and third-largest U.S. tobacco companies ...
Lorillard's father, Pierre Abraham Lorillard (also known as 'Pierre Lorillard I'), was the founder of the Lorillard Tobacco Company. [2] Lorillard's father made the first American tobacco fortune by developing a tobacco firm that he started in 1760. [2] Originally the business was a snuff-grinding factory located in a rented house in lower ...
The tobacco industry continues to be under pressure, with most companies posting not-so-satisfactory results. However, Lorillard reported exceedingly healthy results in its recent quarter.
Tobacco companies pay generous dividends to shareholders because they rarely have investment opportunities to grow in the industry. However, the rise of smokeless products may change that.
An old pack of Kent Ultras from South Africa. Widely recognized by many as the first popular filtered cigarette, Kent was introduced by the Lorillard Tobacco Company in 1952 [3] around the same time a series of articles entitled "cancer by the carton", published by Reader's Digest, [4] scared American consumers into seeking out a filter brand at a time when most brands were filterless.