Wine Spectator reports that 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. And, Klein Constantia, one of South Africa's notable estates, has been sold. Owner Lowell Jooste has agreed to sell the estate to Zdenek Bakala and Charles Harman, a pair of investment bankers affiliated with the Netherlands-based BXR Group.
Do you have a Wine Spectator magazine subscription? Save 50% on your Online Membership right now!