Alert: Remy Enters Exclusive Negotiations with EPI

Dear Client:Remy Cointreau says it has entered into exclusive negotiations with EPI "with a view to possibly selling its Champagne division including, notably, the Piper-Heidsieck and Charles Heidsieck brands."EPI is a family owned group run by Christopher Descours. It owns a number of French luxury trademarks, including J.M. Weston, Bonpoint, Alain Figaret, Francois Pinet, Michel Perry and Chateau La Verrerie. "In the event of a favourable outcome to the negotiations, the conclusion of a sale agreement would only occur after