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Cuban cigar sales rise, defying flat luxury goods market

Wednesday, March 1, 2017 - 05:50

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Habanos said that its traditional European markets had remained stable last year, while there was growth in emerging markets such as the Middle East and Pacific Asia.

Havana

SALES of Cuba's legendary cigars rose 5 per cent last year to US$445 million, defying stagnation in the global luxury goods market, manufacturer Habanos SA said on Monday at the opening of the Caribbean island's annual cigar festival.

Habanos, which makes brands including

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