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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.
He served as president of Bulova from 1979 to 1989; [12] and in 1990, he was named chairman and chief executive officer of Lorillard Tobacco Company where he served until 1995. [ 12 ] [ 13 ] Testifying under oath before the US Congress in 1994, Tisch said, "I believe that nicotine is not addictive," and when asked whether he knew that ...
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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.
With Lorillard showing consistent growth on its top and bottom lines while delivering a generous yield, it might be difficult to imagine the stock being an unsafe investment. For now, all remains ...
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 ...
Cigarette maker Lorillard (NYS: LO) reported an 18% jump in its second-quarter earnings on the back of higher sales of its Newport and Maverick brands. However, the company warned that its third ...
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