Vector Group manufactures and markets high-quality cigarette products to adult smokers in the United States through its subsidiaries, Liggett Group and Vector Tobacco. The company also owns New Valley, a limited-liability company. Its tobacco subsidiaries independent history in the tobacco industry date back to 1873 with the founding of Liggett. In 1996, Liggett was the first tobacco company to settle certain smoking-related litigation, and a year later, Vector Group led Liggett Group into the announcement that smoking is addictive and causes cancer and other health ailments. Liggett is the sixth-largest cigarette manufacturer in the United States. The subsidiary carries a collection of discount cigarette brands, such as Liggett Select, Pyramid, Jade and Eve brands, which are all discount products. Vector Group is also involved in the real estate industry through its New Valley subsidiary, which maintains a 50-percent ownership interest in Douglas Elliman Realty, a limited-liability company. Douglas Elliman Realty operates the largest residential real estate brokerage company in the New York metropolitan area.
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