fbpx

Jay-Z’s champagne brand being expanded with help from LVMH

Jay-Z’s champagne brand being expanded with help from LVMH

A champagne brand owned by Jay-Z is to be expanded with help from LVMH. The American rapper, who is married to pop star Beyoncé, purchased Armand

Furious JD Sport customers left hundreds of pounds out of pocket over missing deliveries and refunds
MIDAS SHARE TIPS UPDATE: Pennon has £3.7bn in cash
VICTORIA BISCHOFF: Neil Woodford’s return is an insult to investors

A champagne brand owned by Jay-Z is to be expanded with help from LVMH. 

The American rapper, who is married to pop star Beyoncé, purchased Armand de Brignac seven years ago. 

And yesterday the 51-year-old, real name Shawn Carter, announced that half the business will be sold to the luxuries brand – which already owns champagne brands including Moet & Chandon, Veuve Clicquot and Dom Perignon – as part of a tie-up. 

Expansion plan: Jay-Z said LVMH, which is making the investment through wine and spirits division Moet Hennessy, was a 'natural partner'

Expansion plan: Jay-Z said LVMH, which is making the investment through wine and spirits division Moet Hennessy, was a 'natural partner'

Expansion plan: Jay-Z said LVMH, which is making the investment through wine and spirits division Moet Hennessy, was a ‘natural partner’

Jay-Z said LVMH, which is making the investment through wine and spirits division Moet Hennessy, was a ‘natural partner’. Armand de Brignac is known as ‘Ace of Spades’ because of its label and gold bottles. 

Jay-Z has been involved since 2006, when he bought a 50pc stake. He bought the rest of the business in 2014 and later suggested in one of his songs, What’s Free, that it had been valued at $500m (£356m). 

‘I’m 50 per cent of D’Ussé and it’s debt-free, 100 per cent of Ace of Spades, worth half a B,’ the lyricist said. 

However, Forbes claimed that figure ‘seems a bit too bubbly’ and valued that business at about £221m in 2019.

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

Do You Enjoy This Article?
Sign up for our newsletter and receive FREE access to download SuccessDigest Digital Weekly Edition for attainment of your financial freedom in the new digital economy!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.

COMMENTS

WORDPRESS: 0
DISQUS:
%d bloggers like this: