date:Aug 31, 2012
hit by the excise tax hike since they were 45% proof or more, and thus penalized on social welfare grounds, CEO Pierre Pringuet told journalists this morning.
The increase on a bottle of Pastis or Ricard is approximately 2 per bottle, which is a substantial increase,he explained.
Consumption is down, and we believe this will continue, certainly until the end of the calendar year,he added, since it took consumers 12-18 months to get used to price hikes.
Bipolar Europe
Pernod Ricard has report