La Flor Dominicana to Raise Prices March 1st
Yesterday, La Flor Dominicana informed retailers of a price increase that would affect all lines. The increase is 3 percent of MSRP, which is an average of about 8 cents cigar. This is the second price increase in a little over a year for LFD, who had a 2.5 percent price increase on January 1, 2011.
In an e-mail, La Flor Dominicana explained their reasons for the increase to retailers:
Due to rising operational costs and the additional costs of fighting our government against excessive taxation and smoking bans that can end our industry, we will be taking a small price increase.
La Flor joins Altadis USA, Davidoff, General Cigar Co., Oliva, Perdomo and SAG Imports as companies that have raised price in 2012.
Charlie Minato
I am an editor and co-founder of halfwheel.com/Rueda Media, LLC. I previously co-founded and published TheCigarFeed, one of the two predecessors of halfwheel. I have written about the cigar industry for more than a decade, covering everything from product launches to regulation to M&A. In addition, I handle a lot of the behind-the-scenes stuff here at halfwheel. I enjoy playing tennis, watching boxing, falling asleep to the Le Mans 24, wearing sweatshirts year-round and eating gyros. echte liebe.
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