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Scandinavian Tobacco Group (STG)—parent of General Cigar Co., Cigars International and others—has reported its 2019 fiscal results. The company generated DKK 6.87 billion ($1.01 billion) in revenue with an EBITDA before special items—a measure of profit—of DKK 1.187 billion ($174.54 million). STG says the EBIDTA number represents an increase of 7.1 percent compared to 2018....
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Scandinavian Tobacco Group (STG)—parent of General Cigar Co., Cigars International and others—has reported its 2019 fiscal results. The company generated DKK 6.87 billion ($1.01 billion) in revenue with an EBITDA before special items—a measure of profit—of DKK 1.187 billion ($174.54 million). STG says the EBIDTA number represents an increase of 7.1 percent compared to 2018....
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The Kentucky House of Representatives has approved H.B. 32, which would increase the tax on other tobacco products, including cigars, from 15 percent to 25 percent of the wholesale price. It passed by a 75-17 vote. In the case of a cigar with an MSRP of $9.50, the pre-sales tax cost would increase from $10.93...
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The next Cuban cigar to come in a book will be from H. Upmann. At this week’s Festival del Habano XXII, Habanos S.A. showed off the H. Upmann Super Magnum, a 7 1/10 (180mm) x 56 parejo, as the 2020 Colección Habanos release. The Colección Habanos is one of Habanos S.A.’s most expensive releases of...
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St. Louis County, Mo., the most populous county in the state, has increased the minimum age to purchase tobacco from 18 to 21 within the county, which is home to roughly 1 million residents. The measure passed unanimously at a meeting last night. It’s unclear when the new rule will take effect, but depending on...
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After going to bed a bit earlier than normal when I am in Cuba—if 1 a.m. could ever be called “early”—I woke up four hours later to get a post done before the day really started. Breakfast was at 8, then it was time to start the process of getting press credentials since the office...
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Last fall, as I was ordering cigars from Up Down Cigar of Chicago, Phil Ledbetter, the store’s manager, informed me that in addition to what I was wanting to order, there were a variety of Up Down exclusives in which I might be interested. Admittedly, the Hamlet 25th Year Corona wasn’t one of the ones...
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Cigar smokers in Switzerland will be getting a new Edición Regional on retail shelves, as Intertabak AG, the Habanos S.A. distributor for the country, has announced the Quai d’Orsay Sélection Royale, which will also serve as a cigar that celebrates the distributor’s 25th anniversary. The cigar comes in the popular 109 vitola, which measures 7...
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