American Rapper, Jay-Z Sells 50% Stake Of His Champagne Brand

Veteran American Rapper and business mogul, Jay-Z has sold 50% stake of his Champagne brand Armand de Brignac.

Jay-Z has sold a 50% stake of his Champagne brand, Armand de Brignac, to LVMH’s Moët Hennessy in a partnership deal.

Reportedly, the 51-year-old rapper sold half of his Champagne brand to Moët Hennessy for an undisclosed price.

On Monday, Armand de Brignac champagne brand announced the partnership with LVMH’s Moët Hennessy.

The post;

“Shawn JAY-Z Carter is pleased to announce a partnership with Moët Hennessy as they acquire a 50% stake in Armand de Brignac. The partnership reflects a shared vision between Moët Hennessy and Shawn JAY-Z Carter for the future of this iconic Maison”

Armand de Brignac, known by the nickname Ace of Spades, reportedly sold more than half a million bottles in 2019.

Source: The African Media

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