Katie Lazar

In February, we've attended actually two very important trade shows.

In February, we've attended actually two very important trade shows.

The first was an international trade show in Paris called Vine Paris, where there were thousands and thousands of producers.

The first was an international trade show in Paris called Vine Paris, where there were thousands and thousands of producers.

We tried to reestablish our connection with our importers there, and they were unable and unwilling to meet with us at that time.

We tried to reestablish our connection with our importers there, and they were unable and unwilling to meet with us at that time.

Now, it doesn't necessarily mean that it's dead forever, but it's dead for another year.

Now, it doesn't necessarily mean that it's dead forever, but it's dead for another year.

For importation, we get all of our barrels from France.

For importation, we get all of our barrels from France.

We get all of our corks from Portugal and much of our bottles from outside of the United States.

We get all of our corks from Portugal and much of our bottles from outside of the United States.

So unfortunately, those three primary pieces of our business have all been impacted.

So unfortunately, those three primary pieces of our business have all been impacted.

You're talking about a minimum of 20% increase in costs.

You're talking about a minimum of 20% increase in costs.

The first round of tariffs, there was a slight bit of warning.

The first round of tariffs, there was a slight bit of warning.

And so there was a lot of cost sharing across the board.

And so there was a lot of cost sharing across the board.