French Investment Firm Buys Majority Stake in Folio Fine Wine

Dear Client:   Private family-owned French investment company EPI announced it has purchased a majority stake in Folio Fine Wine Partners. The investment "follows the demonstrated success of Folio Fine Wine Partners in building a global portfolio," per a release. Folio has represented EPI-owned Charles Heidsieck Champagne in the US for the last five years. As part of the agreement, Michael Mondavi will continue as chairman of the newly formed Folio Fine Wine Partners board and president of EPI's Wine and Champagne Division