Arturo Fuente will freeze prices on 99 percent of its stock for the time being, attributing the temporary price hold to the COVID virus.
For the remainder of cigars, the price increase will average three percent. The company did not disclose which products will increase.
ย โWe will make every effort to postpone any further necessary changes and will revisitย this situation later in the year as life returns to normal,โ Carlos โCarlitoโ Fuente, Jr., president of the Fuente Companies, said in a statement.ย โThe Fuente family has experienced and overcome major difficulties andย tragedies during our 109 years in the premium cigar industry, and our long-standingย principles and values dictate that we must do our best to assist in times like these.”
