Tabacalera, our international premium cigar business, is headquartered in Madrid, Spain. Its operations are split into three main areas.

The international marketing of Cuban hand-made cigars is carried out through Habanos S.A., in which we have a 50 per cent stake.

Tabacalera USA oversees our leading premium cigar businesses in the US, the world’s largest premium cigar market.

Other sales of cigar products, including in the Spanish and French markets, are managed separately.

In April 2020 we announced the agreed sale of our premium cigar businesses.