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Remy Cointreau Offers Champagne Division Up For Sale

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Remy Cointreau Offers Champagne Division Up For Sale

November 16
14:28 2010

Remy Cointreau is considering selling its loss-making champagne business. The French drinks group has hired Credit Agricole-CIB to commence a competitive bid process for the possible sale of the champagne division, which incorporates the Piper-Heidsieck and Charles Heidsieck brands. Champagne sales fell by 23.7% to Eur96.7m in the year to March last.

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