Remy Finalizes Champagne Deal with EPI

Dear Client: It's official. Remy Cointreau just announced it has finalized its agreement with EPI for the sale of Piper-Heidsieck. EPI will assume control of its operations in Reims and Piper Sonoma, the sparkling wine brand in the US. The price is about $593 million (or 412.2 million euros). In addition, Remy and EPI have signed a global distribution agreement for the Piper-Heidsieck and Charles Heidsieck brands, as well as for Piper Sonoma in the US. The closing of the