What is the history of Loews Corp.?

Loews Corp. has a rich history that spans over seven decades. It was founded in 1954 by Laurence Tisch and his brother Preston, originally as a small hotel business. In the following years, Loews diversified its operations, expanding into various industries such as insurance, energy, and packaging. The company's growth continued in the 1970s with the acquisition of Boardwalk and Diamond Crystal, entering the tobacco and salt industries. Under the leadership of Laurence Tisch, Loews became renowned for its value-oriented investment approach. Throughout the years, Loews has successfully adapted to changing markets and evolved its portfolio of businesses. Today, it is a conglomerate with interests in hotels, energy, insurance, and more. Loews Corp. maintains a strong reputation for long-term value creation and strategic investments.