Habanos Price Increase Confirmed - January 1/23

[cigarsdelcuba]

Habanos has informed all distributors globally of the new increase confirmed for January 1/23. Increase globally is as follows:

Cohiba Behike - 50% 

Other Cohiba Cigars - from 3% to 15% depending on format/size - i.e.) Siglo VI hit with 15% 

Trinidad Brand - 3% 

Montecristo Linea 1935 - 5% 

Romeo Y Julieta Linea de Oro - 10% 

Global Brands - 10% 

HIgh Value Brands - 10% 

Rest of the Brands - Habanos Portfolio - 5% 

[TR]

Ugh.

[Hammer Smokin']

 

[Salomones]

For Germany no increase for Cohiba, Trinidad and the Lineas.

Others between 5-12%

[Ford2112]

Unreal

[Cigar Surgeon]

[Islandboy]

In other news....the demand for Nudies is forecast to increase by 80%.

[shokao]

[rolaand]

Habanos, why do you hate us newcomers

[garbandz]

why is anyone surprised ?

I'd be surprised if they went back into full time production and actually started shipping something.

I guess the near total lack of ccs is supposed to make us forget about the previous price gouging and poor quality of the past.

I pretty much have forgotten about Cuban cigars............scrooem..........

 

[SCgarman]

They think this is a winning business model? Keep supply scant and just keep pricing it into the stratosphere? They are certainly riding their sanctimonious high horse right off a cliff. Monte#4 box of 25....$400 please.  FU !

[rolaand]

Normally i would say price increases stick like taxes and tolls but i think some of these are unsustainable long term and won’t hold when supply catches up.

[btort910]

I thought they were probably pricing me out of the market with the last increase but with this one I'm now sure.

[SCgarman]

41 minutes ago, rolaand said:

Normally i would say price increases stick like taxes and tolls but i think some of these are unsustainable long term and won’t hold when supply catches up.

What if supply never catches up? It's not like hordes of Cubans aren't fleeing the island for greener pastures (read have food to eat and not starve to death)

[Rhinoww]

Wow. Nutty. Hard to see me expanding my collection in the coming few years. I’ll at best be trying to keep up with consumption or more likely slowing the attrition of what I have to extend the timeline until my current stash is depleted. 
My guess is that the smaller formats will go on sale periodically at approachable costs, but we can forget about the larger formats below close to $20/stick. 
I’ll have to have a heart to heart with my financial planner to see how many boxes of cc I’ll be able to afford in retirement 😂

[Guest Nekhyludov]

1 hour ago, rolaand said:

Habanos, why do you hate us newcomers

HSA has hated all their customers - not just newcomers - for a long while now.

[vladdraq]

1 minute ago, SCgarman said:

What if supply never catches up? It's not like hordes of Cubans aren't fleeing the island for greener pastures (read have food to eat and not starve to death)

even if it catches up at some point, US market might open for them till then.

[SCgarman]

6 minutes ago, Rhinoww said:

Wow. Nutty. Hard to see me expanding my collection in the coming few years. I’ll at best be trying to keep up with consumption or more likely slowing the attrition of what I have to extend the timeline until my current stash is depleted. 
My guess is that the smaller formats will go on sale periodically at approachable costs, but we can forget about the larger formats below close to $20/stick. 
I’ll have to have a heart to heart with my financial planner to see how many boxes of cc I’ll be able to afford in retirement 😂

Common staples like PSD4 may be $20/stick or even higher. That would be at least $500/box. 

[havanaclub]

And here goes the beginning of the end. I just don’t understand how consumers can continue to tolerate this with a variety of great cigars like NC nudies et al.

So a cab of sig VI will be almost 3k?!? Ahhahahahaha

Wonder if we will start to see again vanishing of Cohibas recently advertised on vendors emails to hold for the upcoming hike in January

Sent from my iPhone using Tapatalk

[MrBirdman]

Cuba seems to be in survival mode right now - maximize revenue at current production levels regardless of the damage they do in the long term to their business model (and make no mistake, they are). Come 2025 they will either be doomed to keep production relatively low or lower prices (which is hard to do). 

There are too many good NC makers that have emerged in the past decade, and they’re continuing to refine their product. I’ve been astonished how much better the market is than when I mostly gave up on NC nearly 10 years ago. 

[Blakes]

Another price increase for Trinidad. LOL 😂
 

10 hours ago, MrBirdman said:

Cuba seems to be in survival mode right now - maximize revenue at current production levels regardless of the damage they do in the long term to their business model (and make no mistake, they are). Come 2025 they will either be doomed to keep production relatively low or lower prices (which is hard to do). 

...or regime change.

[DaBoot]

This isn’t a business decision.. this is a state owned company, that is incompetent. Cigars and sugar are the country’s cash cow. And both are down 50%. Add in no money for crop production upgrades, 10% of the country leaving, a fire at the diesel storage, a few fires at leaf drying buildings, and a hurricane…

 the country needs X amount of money to survive. No analysis of profit margins, no market testing, just raise the prices and pray at this point.

[MrBirdman]

1 hour ago, vladdraq said:

even if it catches up at some point, US market might open for them till then.

Even if the embargo gets lifted HSA can’t market most of its brands in the US because other companies own (ie stole) their trademarks. 

[vladdraq]

54 minutes ago, MrBirdman said:

Even if the embargo gets lifted HSA can’t market most of its brands in the US because other companies own (ie stole) their trademarks. 

That's an interesting point. Maybe they can co-exist, like everywhere else in the world. 

[PuroDiario]

Quasi-Inelastic demand with lower than normal supply…expected price increases.