Does Souza Cruz’s ex-President – Flavio de Andrade – own Veneto Tabacos, Paraguay?

That Dante Letti has suceeded Flavio de Andrade as President of Souza Cruz is fact. Less clear is the exact reason why Flavio departed. Was he passed over for a promotion as has been rumoured or was it the discovery of his covert ownership of Veneto Tabaco – one of the top four producers in Paraguay. If correct, this is sensational news. But is it correct?

It has been rumoured for years that “senior management of Souza Cruz” may be involved in one of the cigarette manufacturers in Paraguay.

That’s all – just a rumour.

Until recently it was thought Luiz Santi was the owner of Veneto. Luiz used to work for Souza Cruz in Paraguay and is said to know Flavio well from when they worked together in sales and marketing.

Nothing remarkable as plenty of ex Souza Cruz employees have found refuge in the tobacco business in Paraguay.

If you have a comment to add…………………?

1 comment so far ↓

#1 Tatler on 04.03.08 at 10:22 AM

Paraguay is certainly an interesting market and Veneto is one of the top three cigarette producers, along with Tabesa and Mercury.
Estimates of volume entering Brazil vary considerably but are estimated to be not less than 30 billion and could very well be 50 billion.

Leave a Comment