
JAY-Z sells 50 percent stake of Ace of Spades to LVMH
JAY-Z has entered a partnership with LVMH. On Monday (Feb. 22), Moët Hennessy, the luxury conglomerate’s wine and spirits division, announced its purchase of a 50 percent stake in JAY-Z’s champagne brand Armand de Brignac, commonly known as Ace of Spades.
“It just started out in a place of respect and built from there pretty quickly,” he said on the show.
According to Yahoo! Finance, JAY also called Moët a “natural partner” and said the dealwould take Armand de Brignac to “the next level of taste and distribution.”
Share this:
Related
More Stories
The 24th Annual Super Bowl Soulful Celebration to Kick Off Super Bowl Festivities in Arizona
While most sports enthusiasts are preparing for the Super Bowl, there are some of us who are just excited for...
Act Your Age starring Kym Whitley, Tisha Campbell, and Yvette Nicole Brown
Series premiere of ‘Act Your Age’ set for Saturday, March 4 on Bounce, starring Kym Whitley and Tisha Campbell, with special guest...
50 Year Anniversary of Hip Hop – Grammys 2023 Performance
The 65th Grammy Awards celebrated 50 years of hip-hop with a blow-out performance, kicked off by LL Cool J, that featured dozens of icons spanning generations performing...
THE LEGEND OF GLYNN TURMAN
Emmy-winning actor and current 2x NAACP Image nominee for his work in ABC’s Women of the Movement, Glynn Turman (Fargo, Ma Rainey’s Black...
Dear Alpha Female Its Not Him It’s You…..
Dear Alpha Female Its Not Him It's You is a love letter for today's career woman struggling with romance. Valentines...
65th Grammy Awards Winners
History was made at this year's Grammy award show. Here are some of the highlights and winners. Beyoncé has become...