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Rémy Cointreau announced June 1 that it has sealed the deal to sell its Champagne division to Société Européenne de Participations Industrielles (EPI), a French luxury goods firm, for $593 millon. The sale encompasses the Charles and Piper-Heidsieck Champagne labels and production facilities, as well as Piper Sonoma, the U.S. sparkling wine brand.

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