Tobacco giant Imperial Brands has been named the top business in the Bristol, Somerset, Gloucestershire and Wiltshire region in 2023. The Bristol-headquartered FTSE-100 company behind cigarette brands including West and Davidoff turned over a whopping £32.7bn last year, according to Companies House data analysed by Vistra.
Despite taking a £400m-plus hit to its profits in 2022 after pulling out of Russia following the country’s invasion of Ukraine, the company still reported operating profits of £2.6bn. Group operating profit was also up 1.8%, with growth in the company’s tobacco and next-generation products offsetting a distribution decline.
The list of the region’s top 150 companies was published on Thursday (January 26) by BusinessLive and in sister title the Western Daily Press Annual Business Guide. With the biggest turnover, Imperial Brands ranked first on the list, retaining the top spot for 2023.
