Los Angeles, CA, Aug 3, 2021 (GLOBE NEWSWIRE) – As part of its continued expansion in the tobacco industry, El Septimo Geneva, one of the leading premium cigar brands in the market, announced the acquisition of LV-Wholesale, located in the S Bruce St. 625 in Las Vegas, NV. This is the company’s first acquisition of a large tobacco distribution center, which will help El Septimo achieve its goal of building the largest tobacco and tobacco-related accessories distribution network in North America, with the center selling over 2,000 different products. After the takeover, the company was renamed 7 Global Distribution in order to rename the distribution center with its seven locations in the USA. El Septimo bought the company and its properties in order to rapidly grow its central expansion. El Septimo predicts that its distribution center revenue will reach $ 480 million for Phase 1 of its growth.
This property is conveniently located with 135 ‘facade on E. Sunset Road with a direct view of McCarran International Airport and is only minutes away from the Las Vegas Strip. The two-story property consists of storage shelves, retail space and office space on the second floor.
Zaya S. Younan, Chairman and CEO of Younan Company, the parent company of El Septimo Geneva, comments: âThis is the first step in our ambitious plan to build the world’s largest distribution network for tobacco and tobacco-related accessories. This first acquisition already sets us apart from all other leading premium cigar manufacturers worldwide, as it allows us to strategically position our products so that they are easily accessible to retailers at discounted prices. The second step will allow us to reach every single retailer and consumer across the country directly to sell El Septimo’s premium cigars. What El Septimo has achieved in the past eight months has not been achieved by any cigar manufacturer in the past twenty years. â
Younan continues: âThe ability to execute this growth plan shows the financial strength of El Septimo. In the next six months we will announce further acquisitions in other parts of the country and consolidate our position as the most comprehensive distribution center in the world, from which the El Septimo cigar brand will only benefit. “
above Younan company
The Younan Company is a global private equity firm specializing in the acquisition and management of a variety of assets and businesses in the luxury consumer market. The company’s strategy is to build a portfolio of luxury products and real estate, as well as lifestyle companies and services. Today, The Younan Company, through its subsidiaries Younan Properties and La Grande Maison Younan Collection, is recognized as a global luxury brand with more than $ 3.5 billion in assets under management. The Younan Collection owns and manages luxury hotels and resorts in France, including ChÃ¢teau de Beauvois, HÃ´tel Saint-Martin, ChÃ¢teau Le PrieurÃ©, Alexandra Palace, Domaine de Vaugouard and ChÃ¢teau de la PerriÃ¨re, and the Malibu Foz Hotel and Beach Resort in Figueira da Foz , Portugal, premium cigar maker El Septimo Geneva SA, four French golf courses, including Golf des Forges, Golf du Petit ChÃªne, Golf d’AvrillÃ© and Golf de Vaugouard, two wineries in Saint-Ãmilion, including ChÃ¢teau La Croix Younan and ChÃ¢teau Zaya, and the MPA Studio de CrÃ©ation Design Agency in Paris.