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(Image: Moët Hennessy) BLACK ENTERPRISE reported that LVMH Moët Hennessy, the world leader in luxury wines and spirits, announced a partnership with the hip-hop heavyweight, Jay-Z, acquiring a 50% stake in Carter’s Armand de Brignac, which is widely known as “Ace of Spades” due to its logo. Now, Forbeshas estimated that the Brooklyn-bred hip-hop entrepreneur has made a total of at least $300 million when he sold half the company to Moët Hennessy. “I’m proud to welcome the Arnault family into ours through this partnership that began with Alexandre Arnault and continued with his f...

The same Florida Legislature that is trying to criminalize civil disobedience under the cloak of “riot prevention” and is in lockstep behind Georgia's to likely pass voter suppression laws, now wants to be the arbiter of “intellectual freedom and viewpoint diversity” on college campuses. I w… More Headlines

The international luxury giant is now equal partner with hip-hop star and entrepreneur Jay-Z

2021 Every Tuesday and Friday, WTR presents a round-up of news, developments and insights from across the trademark sphere. In our latest round-up, we look at Danone expanding its plant-based brand portfolio, USPTO seeking public feedback on the Trademark Modernisation Act, an Olympics trademark battle escalating, and much more. Coverage this time from Trevor Little (TL), Bridget Diakun (BD), Jonathan Walfisz (JW) and Tim Lince (TJL). Market radar: LVMH buys 50% stake in Jay-Z’s champagne brand – LVMH has acquired a 50% stake in Armand de Brignac, a Champagne producer owned by Jay-Z, rep...

The 51-year-old rapper and entrepreneur - whose real name is Shawn Carter - revealed the huge deal this week after selling 50% ownership of his Ace of Spades brand to the luxury firm