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Cigar Report Parent Company Shuts Down, Files For Bankruptcy

  Doubledown Media LLC, which published Trader Monthly and other glossy magazines aimed at wealthy and aspiring Wall Street bankers and traders, has filed to liquidate under Chapter 7 of the U.S. bankruptcy code. The closely-held company, which also published Cigar Report and website cigarreportdaily.com, Corporate Leader, Dealmaker and Private Air, on Wednesday filed for [...]

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Cuban Cigar Sales Drop Amid Global Recession

  Sales of Cuban cigars, considered the finest in the world, dropped 3 percent to $390 million in 2008 as the world financial crisis and the spread of anti-smoking laws cut demand, officials said on Monday. The falling sales reflected a decline in the market for luxury products in general as global economic worries mounted, [...]

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Just One More Reason to Say “No More Bailouts”

  First, let me start off by saying that I did not want this blog to be a forum for political debates. However, when I see blatant disregard for taxpayer money and essentially witnessing the bailout turning into a billion dollar handout, I feel that something needs to be said. The latest unbelievable event to [...]

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SCHIP Bill to Cap Cigar Tax at 40 Cents

  The House Ways and Means Committee introduced the newest incarnation of the State Children’s Health Insurance Program (SCHIP) today. The International Premium Cigar & Pipe Retailers Association (IPCPR) reported in an email that the legislation would impose a revised federal excise tax on large cigars—52.4 percent, with a maximum tax cap of 40 cents [...]

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SCHIP Bill to Increase Cigar Tax 20,000% in March ’09?

  Since the time of ancient Rome, the Ides of March still resonates today as a day of infamy, due to the murder of Julius Caesar in 44 B.C. But, what will happen in March 2009 will be the death of the cigar industry. That is, if the SCHIP Bill passes in Congress. The bill [...]

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Smoking Outdoors vs Smoking Indoors

I was looking over my recent posts and noticed that there were more posts on cars than cigars. What can I say: I’m a guy and like fast cars. But, actually, it’s been cold up here in the northeast. In fact, this week may only get up into the teens. Needless to say, I haven’t [...]

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Maker’s Mark Donates Cigars To Troops

Cigar companies from across the industry have been donating cigars to the American troops stationed overseas since combat operations in the Middle East began. This month, Maker’s Mark Cigars joined the effort, creating a special Maker’s Mark cigar for U.S. troops and spearheading an effort to get more cigars into their hands. “We have actively [...]

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New Cigar Inn Opens in Manhattan

The new Cigar Inn in Manhattan officially opened for business on December 2 as owners (and brothers) Billy, Gus and Bass Fakih cut the ribbon to the shop, welcoming in a crowd of about 50 patrons and friends. The upscale cigar store, located on Second Avenue between East 53rd and 54th streets, contains the world’s [...]

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