Market News
Recent Developments:
New product launches:
- In January 2022, Colibri, a company that produces a collection of smoking accessories, launched Colibri V-Cut cigar cutter featuring a 55-degree V-shaped double guillotine blade. The innovative design provides clean V-shaped cuts to enhance draw and smoke output.
- In September 2021, Xikar, a manufacturer of cigar cutters, introduced the Xi3 cigar cutter with three cutting profile options - straight cut, V-cut and punch cut. The versatile 3-in-1 cutter aims to provide the ideal cut for different types of cigar shapes and sizes.
- In November 2020, Elie Bleu, a France-based manufacturer of humidors, launched the Opera cigar cutter inspired by Italian opera houses. The decorative cutter features a guillotine-style blade and maple wood inlay for an elegant cigar cutting experience.
Acquisition and partnerships:
- In June 2022, Colibri acquired Vanguard Sciences, a manufacturer of S.T. Dupont line of luxury lighters and cutters. The US$ 30 million acquisition expands Colibri's portfolio of premium cigar accessories.
- In April 2021, Elie Bleu partnered with CRAFTD is a brand that specializes in men's jewelry and accessories, including bracelets, necklaces, rings, and watches, to create co-branded cigar cutters. The move allows offering uniquely designed cutters to CRAFTD’s member base of cigar enthusiasts.
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