Ordinary share of 500 francs to bearer issued in Paris in 1920.

Beautiful design by Leclerc.

The company was incorporated in 1919 in Paris with an initial capital of 10 million francs, then increased to 20 million and 50 million in 1920. The head office was located at 39 rue Cambon then 62 rue d'Iéna. The directors of the company were: MM. Bouilloux-Lafont (from the Bouilloux-Laffont bank), Delphin, R G. Lévy, Grusselin, Guérin, Lehideux-Vernimen, Ranson, Rouland.

Agencies in Bône (Algeria), Bahia (Brazil), main suppliers with Paraguay, Colombia. In Brazil, the Company took a large stake in the constitution of the limited company Companhia Nazional de Tabacos (cigarette factory), then in Bulgaria in the company Cartel des Fabriques de Tabacs Réunis.

Sales agencies were created in Belgium, Holland, Switzerland and the Rhine countries.