The prices of Bellatto, Caldwell and Lost&Found cigars will increase by 5 percent effective March 1.
Robert Caldwell, a co-founder of Down&Back, LLC—which distributes all three companies’ portfolios—told halfwheel that it will affect the three companies’ entire portfolios.
It is widely expected that most cigar companies will be increasing prices in or around early 2023, most of which are likely to be announced in the first quarter of the year as that is when most companies traditionally make these announcements. Reasons for these increases include increased costs for tobacco and packaging, increased competition for labor, general inflation, and mirroring competitors’ price adjustments.
The following chart looks at what companies have announced price increases or no price increases for 2023.
|All Saints Cigars||Yes|
|Bellatto Premium Cigars||Yes|
|Dunbarton Tobacco & Trust||Yes|
|Espinosa Premium Cigars||Yes|
|Foundation Cigar Co.||No|
|Howard G Cigars||No|
|La Flor Dominicana||No|
|Maya Selva Cigars||Yes|
|Miami Cigar & Co.||No|
|My Father Cigars||No|
|Oscar Valladares Tobacco & Co.||Yes|
|Oveja Negra Brands||No|
|Quality Importers Trading Co.||No|