Guillermo Leon and Nestor Miranda are about to gain their best audience yet: the Congressional Cigar Association. At a reception to be held on July 20, 2010, Leon and Miranda, in conjunction with W. Curtis Draper, will educate the CCA on the cigar industry. As anyone who followed the fight in Albany remembers, one of [...]
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After two years of financial mayhem around the world, we’re finally seeing signs of hope. The number of millionaires in the world has returned to previous levels. It’s about time, of course, and it’s only far too exciting to see all that disposable income flowing back into the global economy … not to mention the [...]
Continue reading about More Millionaires, More Cigar Smokers
It’s been two months since Rocky Patel picked up 50 percent of EO Brands, a deal that brought such lines as 601 and Murcielago out from under the Miami Cigar umbrella. As part of the new relationship, Eddie Ortega said at the time of the deal that he expected lower prices for his products and [...]
Continue reading about Eddie Ortega: 60 Days after the Merger
The Cuban cigar market is in a tough spot. Exports are off by around two thirds over the past two years, thanks to the confluence of macroeconomic factors a decline in air travel and smoking bans around the world. For a country with 70 percent of the world market, this is a severe matter, threatening [...]
Continue reading about Smoke a Cuban Cigar: It’s the Right Thing to Do
It’s been the talk of the industry for the past two months: Rocky Patel‘s acquisition of 50 percent of EO Brands. Thanks to A Cigar Smoker, we now have Rocky’s thoughts on the deal. via A Cigar Smoker
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It is done. The “Other Tobacco Products” tax, which includes cigars, has been raised from 46 percent in New York to 75 percent. The measure takes effect August 1, 2010 in one of the largest premium cigar markets in the country. Yet, we shouldn’t consider this final. We can work to have this pressure alleviated, [...]
Continue reading about Four Misconceptions about the New York Cigar Tax
The tobacco harvest for the cigar industry fell 14 percent relative to 2009, signaling that Cuba felt the troubling economic conditions that affected the world last year. In Pinar del Rio, where the most famous tobacco in Cuba is grown, 22.4 million leaves were harvested this year, down from 26 million in 2009. A local [...]
Continue reading about Capitalism Trumps Communism: Cuban Cigar Market Spanked by Recession
“Systemic risk” is one of those expressions that you know refers to something bad, even if you don’t know what it means. When I saw a headline in Google News mentioning systemic risk in the cigar industry last Sunday, I didn’t need to read the article (a press release by the New York Tobacconists Association) [...]
Continue reading about Does the Proposed NY Cigar Tax Come with Systemic Risk?
