For 2020, Drew Estate has announced it will not raise any prices in its portfolio of cigars for 2020.
In a press release, David Lazarus of Drew Estate commented, “Every day seemingly brings the announcement of tax increases, new legislative restrictions, and/or additional regulatory burdens which increase the cost of doing business for manufacturers and, often times retailers as well. Beyond these, there are other cost factors that are within our ability to moderate. Drew Estate has worked diligently over the past several years to become more efficient at manufacturing, marketing and distributing our cigars while simultaneously delivering more valuable programs to our customers and more valuable experiences to their customers. These efforts have enabled us to minimize price adjustments over the last several years and, again we are very pleased to announce that despite increased costs of doing business we will not be raising prices on any of our cigars to the trade in 2020.”