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{{short description|U.S. consumer staples company (1985–1999)}}
{{pp|small=yes}}
{{Infobox company
| name = R. J. Reynolds Nabisco, Inc.
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| fate = Separated [[R. J. Reynolds Tobacco Company]] and renamed to [[Nabisco Group Holdings]]
| predecessors = {{Plainlist|
* [[Nabisco|Nabisco Brands]]
* [[National Biscuit Company]]
* [[R. J. Reynolds Tobacco Company]]
* [[Curtiss Candy Company]]
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== History ==
[[File:Credi- Lyonnais-building.jpg|thumb|[[Calyon Building]], former site of the RJRR. J. Reynolds Nabisco headquarters]]
 
RJRR. J. Reynolds Nabisco was formed in 1985 by the merger of [[Nabisco]]|Nabisco Brands]] and [[R.J. Reynolds Tobacco Company]].<ref>Bozman, Jean S. "Nabisco seeking DBMS to enhance connectivity." ''[[Computerworld]]''. [[IDG Enterprise]], May 18, 1987. Vol. 21, No. 20. [https://books.google.com/books?id=3KBPxFKTY6kC&pg=PA89 89]. Retrieved from [[Google Books]] on September 6, 2011. "ISSN 0010-4841"</ref>
In 1988 RJRR. J. Reynolds Nabisco was purchased by [[Kohlberg Kravis Roberts & Co.]] in what was at the time the largest [[leveraged buyout]] in history.
In 1999, due to concerns about [[tobacco lawsuit]] liabilities, the tobacco business was spun off into a separate company and RJR Nabisco was renamed [[Nabisco Holdings Corporation]]. Nabisco is currently owned by [[Mondelēz International| Mondelēz International Inc]].
 
RJR Nabisco Holdings Corp. (NYSE: NGH) was the parent company of RJR Nabisco, Inc.<ref>"[https://web.archive.org/web/19981202014039/http://www.rjrnabisco.com/b_profile/b_profil.htm Corporate Profile]." [[Nabisco Group Holdings]]. October 1, 2000. Retrieved on December 2, 1998.</ref> After the food and tobacco businesses separated in June 1999, Nabisco Group Holdings Corp. owned 80% of RJR Nabisco Holdings Corp., which was the parent company of Nabisco, Inc.<ref>"[https://web.archive.org/web/20001001104651/http://www.rjrnabisco.com/b_profile/b_profil.htm Corporate Profile]." [[Nabisco Group Holdings]]. October 1, 2000. Retrieved on December 2, 2011.</ref>
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=== After the KKR buyout ===
 
On April 27, 1989, RJRR. J. Reynolds Nabisco announced it would move its headquarters to the [[New York City]] area.<ref>{{cite news|url=https://articles.latimes.com/1989-04-28/business/fi-1608_1_rjr-nabisco-headquarters-nabisco-brands-gerstner|title=RJR Nabisco Headquarters to Move to New York Area|work=[[Los Angeles Times]]|date=1989-04-28|access-date=2012-03-20}}</ref>
 
As a result of the acquisition, RJRR. J. Reynolds Nabisco divested the following divisions:
*Nabisco's UK operations (including [[The Smith's Snackfood Company|Smith's]] and [[Walkers (snack foods)|Walkers]]), Belin of France, and Saiwa of Italy were sold to [[Groupe Danone|BSN]].<ref>{{Cite news | title = 5 RJR Units Sold for $2.5 Billion - NYTimes.com | work = The New York Times | date = 7 June 1989 | access-date = 2015-02-09 | url = https://www.nytimes.com/1989/06/07/business/5-rjr-units-sold-for-2.5-billion.html | last1 = Greenhouse | first1 = Steven }}</ref> Smith's and Walkers were swiftly resold to [[PepsiCo]].<ref>{{Cite news | title = Pepsico, to Aid Europe Sales, Buys 2 British Snack Units - NYTimes.com | work = The New York Times | date = 4 July 1989 | access-date = 2015-02-09 | url = https://www.nytimes.com/1989/07/04/business/pepsico-to-aid-europe-sales-buys-2-british-snack-units.html | last1 = McGill | first1 = Douglas C. }}</ref>
*[[Chun King]] was sold to [[Yeo Hiap Seng]].<ref>[http://articles.chicagotribune.com/1989-06-22/business/8902110543_1_chun-king-rjr-nabisco-chow-mein "RJR Sending Chun King To Orient"]. [[Chicago Tribune]], June 22, 1989.</ref>
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Another major consequence of the buyout was that according to [[United States Department of Labor]], in its report "American Workplace", over 2,000 workers subsequently lost their jobs, which 72% eventually replaced, but earning less than half of their previous incomes, suggesting that it took most of those who lost their jobs an average of 5.6 months to find new employment.<ref>{{Cite book|title=U.S. Department of Labor, Office of the American Workplace, Volumes 2-3, Issues 1-5|publisher=United States Department of Labor|year=1994}}</ref>
 
On March 21, 1991, RJRR. J. Reynolds Nabisco Holdings Corp. became a publicly traded stock. In March 1999, RJRR. J. Reynolds Nabisco announced the sale of the international division of R. J. Reynolds Tobacco, and in June of that year, the company sold the remainder of R. J. Reynolds Tobacco to stockholders. The parent company became Nabisco Group Holdings and owned 80.5 percent of Nabisco Holdings. In 2000, [[Philip Morris USA|Philip Morris]] bought Nabisco Holdings. Soon after that, R. J. Reynolds Tobacco Holdings, Inc., first traded in June 1999, announced the acquisition of Nabisco Group Holdings. The deal was completed in December 2000.<ref name=Sequence/><ref>Eleni Chamis, "Breakup Dismantles the 1985 Union of Two 100-Year-Old Companies," ''Winston-Salem Journal'', May 13, 1999.</ref>
 
== Controversy ==
 
=== Ads on smoking-free flights ===
In April 1988, RJRR. J. Reynolds Nabisco fired the [[Saatchi & Saatchi]] advertising agency after their [[Northwest Airlines]] ad introducing the airline's [[Smoking ban|in-flight smoking ban]]. This was despite the agency only being contracted for Nabisco products, not any tobacco products.<ref>{{cite news| url=https://www.nytimes.com/1988/04/06/business/cigarette-maker-cuts-off-agency-that-made-smoking-ban-tv-ads.html | work=The New York Times | first=Philip H. | last=Dougherty | title=Cigarette Maker Cuts Off Agency That Made Smoking-Ban TV Ads | date=April 6, 1988}}</ref>
 
=== Pandora Papers ===
In 2021, RJRR. J. Reynolds Nabisco (before it split up) was [[List of people named in the Pandora Papers|listed]] in the [[Pandora Papers]] after the law firm [[Baker McKenzie]] set up shell companies in Cyprus.<ref>{{Cite web |title=How America's biggest law firm drives global wealth into tax havens - ICIJ |date=4 October 2021 |url=https://www.icij.org/investigations/pandora-papers/baker-mckenzie-global-law-firm-offshore-tax-dodging/ |access-date=2021-10-05 |language=en-US}}</ref>
 
== References ==
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