Market Report, "Luxury Cigars in the Philippines", Published
In 2012, the interest in luxury cigars continued on an uptrend, with more affluent Filipinos becoming more appreciative of these higher-end options. Instead of contenting themselves with locally-made cigars, however world renowned they may be, they increasingly ventured into the more affluent options in the form of Cuban cigars. This resulted in luxury cigars posting a robust 10% current value increase, to end 2012 with sales of Ps98 million. This was slightly faster than the previous year's...
View full press release