08.06.2011 - Vinexpo news selection
The Rémy Cointreau Group and EPI announce that they have signed today an agreement for the sale by Rémy Cointreau of the entire share capital of Piper-Heidsieck – Compagnie Champenoise to EPI, enabling the latter to assume control of the
Champagne operations in Reims, and Piper Sonoma, the sparkling wine brand in the US, for a price reflecting an enterprise value of €412.2 million.
The Champagne division’s turnover was €103.6 million in the year ended 31 March 2011, an increase of 7.2%. (Vinexpo / 8 June 2011)