Remy Receiving “Much Interest” in Champagne Unit, says Chief

Dear Client: Since announcing plans to sell its champagne unit earlier this month, Remy Cointreau execs have remained understandably tight lipped. This has led to a lot of speculation about which companies could possibly make a bid (Bacardi, Pernod Ricard, Diageo and private equity firms have been named), how much the unit would sell for (Credit Suisse estimates $580 million) and when the deal could take place. Today Remy Cointreau chief Jean-Marie Laborde told reporters their announcement has generated a