Pernod Ricard’s CFO, Hélène de Tissot, has stated that “advanced shipments anticipating the risk of tariffs” on EU exports by the U.S. by wholesalers boosted the growth in the firm’s U.S. shipments to 6% from the usual 4% in the latest quarter. CEO Alexandre Ricard expects price increases to be necessary to pass through the tariffs on wine and spirits – linked to an aerospace trade dispute – going forward. Total EU exports of wine to the U.S. have shown little sign of stockpiling, with a 1.5% year over year drop in shipments in August. Shipments of ...