Jay-Z Forms Lucrative Champagne Deal With Moet Hennessy
“It is a partnership that has felt familiar the entire time,” the rapper said in a statement.
Source: bet.com
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Moet Hennessy buys stake in Jay-Z's Champagne brand
Moet Hennessy is acquiring a 50% stake in rapper and entrepreneur Jay-Z’s Champagne brand in an effort to up its cool factor and expand sales.
Source: 13newsnow.com
Moët Hennessy toasts Jay-Z's Armand de Brignac Champagne after buying 50% stake
The US music mogul - real name is Shawn Carter - has been an investor in the Champagne Armand de Brignac house since 2006 and bought out Sovereign Brands’ stake in the company in 2014. But now French luxury giant LVMH has splashed an undisclosed amount of cash to partner up with Jay-Z, whose brand sold more than 500,000 bottles in 2019. The Paris-based multinational - which also owns champagne houses including Dom Perignon, Moët & Chandon and Veuve Clicquot - says the purchase and global distribution agreement will give Armand de Brignac “the commercial power it needs to grow and...
Source: theweek.co.uk
Jay-Z Sells 50 Percent Of His Champagne Brand To LVMH
It's a major business deal for Jay-Z!
Source: msn.com
Jay-Z Sells 50% Ownership Stake of Ace of Spades to Moët Hennessy
LVMH Moët Hennessy announced a new partnership with Shawn "Jay-Z" Carter, acquiring a 50% stake in his "Ace of Spades" champagne brand.
Source: blackenterprise.com