Crowned Heads will increase the prices of some of its cigars on Monday, May 15, 2023.
Not every product is increasing; the company’s newer Four Kicks Capa Especial and Le Pâtissier lines will keep their existing prices. The remainder of the products in the company’s portfolio will increase, though by varying amounts.
“That said, it is no secret that our industry is facing cost increases across the board, including tobaccos, materials, freight, among others,” said Miguel M. Schoedel, national sales manager for Crowned Heads, in a letter that was sent to retailers. “As a result, we will be initiating a price adjustment effective May 15, 2023. Much thought and consideration has gone towards this decision; however, it is worth mentioning that this will be only our third price adjustment since Crowned Heads was founded some 12 years ago.”
In addition, the Ozgener Family Cigars products, which Crowned Heads distributes, are not increasing in price.
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.
Company | Price Increase? |
---|---|
AJ Fernandez | No |
Alec Bradley | Yes |
All Saints Cigars | Yes |
Battleground | No |
Bellatto Premium Cigars | Yes |
Bocock Brothers | Yes |
Caldwell | Yes |
CLE | Yes |
Crowned Heads | Yes |
Crux | Yes |
D'Crossier | No |
Davidoff | Yes |
Drew Estate | Yes |
Dunbarton Tobacco & Trust | Yes |
E.P. Carrillo | Yes |
Epic | No |
Espinosa Premium Cigars | Yes |
Esteban Carreras | No |
Fable | No |
Favilli | No |
Ferio Tego | No |
Forged Cigar Co. | Yes |
Foundation Cigar Co. | No |
Fuerte y Libre | Yes |
Garo | No |
General Cigar Co. | Yes |
Gran Habano | No |
Habanos S.A. | Yes |
Howard G Cigars | No |
Iconic Leaf | Yes |
Illusione | No |
J.C. Newman | Yes |
Karen Berger | No |
La Flor Dominicana | No |
La Palina | Yes |
La Sirena | No |
Lost&Found | Yes |
Lotus/Vertigo | No |
Luciano Cigars | No |
Maya Selva Cigars | Yes |
Miami Cigar & Co. | No |
My Father Cigars | No |
Oscar Valladares Tobacco & Co. | Yes |
Oveja Negra Brands | No |
Paul Garmirian | Yes |
PDR Cigars | No |
Perdomo | Yes |
Platinum Nova | No |
Plasencia Cigars | Yes |
Powstanie | Yes |
Quality Importers Trading Co. | No |
Rocky Patel | Yes |
Rojas Cigars | Yes |
Sinistro Cigars | Yes |
Southern Draw | No |
Vintage Rock-A-Feller | No |