In a letter sent to retailers, Davidoff of Geneva USA announced that it will raise prices on select brands on July 1.
According to the letter, sent from Jim Young, president – North America, and Jeffrey Lee, vp of sales, the increase is “a direct result of increased raw tobacco and manufacturing costs.”
While the company has not provided new price lists that show the increase, it says it will affect select AVO, Camacho and Davidoff brands as well as Baccarat, La Fontana and National Brand Bundles.