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Vector Group history
Vector Group company history timeline
1986: Brooke Partners acquires the Liggett Group.
Not content with its move into tobacco, Brooke bought 53 percent of telecommunications firm Western Union Corp. in 1987.
The company Vector Software GmbH was founded on April 1st, 1988 by Eberhard Hinderer, Martin Litschel, and Doctor Helmut Schelling.
Liggett's 1989 sales of $572.9 million accounted for the lion's share of Brooke Partners' total sales, but smoking was under increasing legal pressure.
In December 1990, Daimler-Benz introduces CAN-C for the powertrain and CAN-B for climate control components in the S-Class.
In 1990 the Liggett Group changed its name to Brooke Group Ltd. and announced it would emphasize its push to diversify into sports and entertainment products.
1990: Company restructures, changes its name to Brooke Group Ltd.
On October 30, 1991 the Vector founders present the CANalyzer concept to an internal Daimler "Bus working group." The idea: to create a software program that could be used to observe communication on the CAN bus and supplement it.
SkyBox lost $80 million in 1991.
The automotive industry begins to feel the full impact of the global economic crisis. It is based on the MDF format developed in 1991 by Vector (Rainer Zaiser). The AUTOSAR consortium releases AUTOSAR Version 4.0.
On March 5, 1992 six companies and two private individuals found the "CAN in Automation" association - an international users and manufacturers association for the CAN serial bus system.
Furthermore, its English boat yard, renamed Brooke Yachts International Ltd., went under in 1992, leaving Brooke with a $4.8 million write-off.
Liggett named Edward Horrigan chairman and CEO in 1993.
In 1993 the Western Union subsidiary (later renamed New Valley) entered Chapter 11 bankruptcy.
1993: A group of shareholders file suit against LeBow.
In November 1994, New Valley was forced to sell its money transfer services as part of its Chapter 11 bankruptcy reorganization.
In December 1994, a new product is ready: the first CANoe version is released - under Windows 3.11.
In 1994 it reduced its sales force by 150, using 300 part time sales people instead.
Despite Horrigan's efforts, the cigarette market share of Liggett continued to decline, falling to 2.3 percent of the United States market in 1994; Liggett held .9 percent of the branded market and 5.4 percent of the discount market.
In March 1995, Brooke sold its remaining 15 percent stake in SkyBox International.
By mid-1995 Brooke had improved enough for Business Week to conclude that LeBow was 'finally paying attention to beefing up Brooke's quarterly performance and bottom-line results.'
After it emerged from bankruptcy in 1995, it bought a 28.2 percent interest in Brazilian airplane manufacturer Empresa Brasileira de Aeronautica, S.A., for $12.8 million.
In 1996, LeBow agreed to settle several health-related lawsuits brought by smokers--a first for any cigarette manufacturers.
1996: Liggett becomes first tobacco company ever to settle health-related lawsuits.
1997: LeBow testifies in court that cigarettes are addictive and dangerous to health.
1998: Liggett sells three of its cigarette brands to Phillip Morris Inc.
Known through 1999 as the Brooke Group Ltd., Vector Group Ltd. is a holding company for a variety of companies, the most important being the Liggett Group Inc., the successor of the Liggett & Myers Tobacco Company.
In 1999, a Florida jury found cigarette makers liable for conspiracy, fraud, and the illnesses of 500,000 or more smokers.
On May 24, 2000, the company changed its name to Vector Group Ltd.
In a June 2000 interview with Reuters, LeBow said that he planned to stay in the cigarette business, even while cooperating with anti-tobacco lobbyists.
was renamed Vector Group Ltd. in 2000.
The Bolsa de Valores de Colombia (BVC) – a private organisation – was established in 2001
When Belgian Hans De Cuyper joined global insurer Ageas in 2004, it was as director of insurance management
Seed-stage venture capital firm Kickstart, founded by Gavin Christensen, started life in the 2008 recession —
The AUTOSAR consortium releases AUTOSAR Version 3.2 (after Version 4.0 in 2009).
Vector licenses AFDX (Avionics Full-Duplex Switched Ethernet). A new development site results from the merger with aquintos in 2010.
On to the real estate side of the business, since 2013 the Douglas Elliman brand name has been grown by focusing on markets complementary to New York City.
China Merchants Bank, headquartered in Shenzen and boasting 500 branches, is the CFI.co 2014 winner of
In 2014, Vector was already supporting AUTOSAR Version 4.2.
Since December 1, 2015, a new logo and corporate design has been supporting Vector’s global brand image.
Current estimates indicate that nearly 300 million ECUs based on AUTOSAR will be produced in the 2016.
In September, Vector announced the founding of the Vector Venture Capital GmbH, which will support young start-ups from 2017, mainly from the IT and engineering environment.
VM Finance Poised to Lead Property Financing for SMEs VM Finance entered the non-bank specialist funding industry in 2018, armed with a wealth of experience
When Rebecca Carter joined WiseEnergy as COO in February 2019, she was seeking to return to
The result was an increase in operating income, from $231m in 2019 to $340m over the 12 months ending March 31 this year — a 47 percent increase in 15 months.
Interview with Grete Faremo, Executive Director of UNOPS: Inclusive Infrastructure Development In pre-pandemic Oct 2019 (about 20 months ago) you wrote an article for CFI.co magazine that
In 2019, the number of Vector employees grows by more than 500 to just under 3,000 worldwide.
Those investments, plus a strong balance sheet, provided a critical mass of revenues during 2020.
The International Monetary Fund’s tenth annual External Sector Report (ESR, August 2021) shows how current account
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