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  2.  » Carlos Arturo Fuente becomes sole owner of A. Fuente & Company

As Carlos’s responsibilities at the cigar factory began to increase, and with less assistance from his father, people began to view Carlos as the head of the company. Arturo Fuente was now eligible for Social Security at age 68, and decided it was time to retire. Since Arturo Oscar had a well paying job in the peanut business, Carlos Fuente was asked to run the factory by his father in 1956.

The only way Carlos would accept the offer was if he purchased his brothers share of the company, since Arturo Oscar was not as active in the family business at the time. Carlos Arturo Fuente bought the company from Arturo Oscar Fuente for one dollar, and became sole owner of A. Fuente & Company.

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