Rapper and business mogul Jay-Z has sold 50% shares 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”
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. https://t.co/Rux95qWidL pic.twitter.com/INPjPjUfBA
— Armand de Brignac (@ArmandDeBrignac) February 22, 2021
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Armand de Brignac, known by the nickname Ace of Spades, reportedly sold more than half a million bottles in 2019.