Remy Remains Silent on Champagne Sale Announcement

Dear Client: As we reported this morning, Remy Cointreau has said it is putting up its Champagne unit for sale. Requests for comment were not returned by press time. At this point we do not know if they are in talks with anybody, or if a deadline to sell the unit has been set. It remains to be seen if an interested party will snatch up the entire unit, or if a number of wine and spirits companies will purchase