Does Jay Z own Ace of Spades?

Luxury beverage giant LVMH Moët Hennessy

LVMH Moët Hennessy

LVMH Moët Hennessy Louis Vuitton (French: [moɛt‿ɛnɛsi lwi vɥitɔ̃]), commonly known as LVMH, is a French multinational holding and conglomerate specializing in luxury goods, headquartered in Paris.

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LVMH - Wikipedia

has acquired a 50% stake in Jay-Z's champagne brand, Armand de Brignac

Armand de Brignac

Armand de Brignac, known colloquially as Ace of Spades, is a French Champagne owned by Shawn "Jay-Z" Carter and LVMH. The brand is produced by Champagne Cattier and sold in opaque metallic bottles.

https://en.wikipedia.org › wiki › Armand_de_Brignac

Armand de Brignac - Wikipedia

. Armand de Brignac — which is widely known as “Ace of Spades” due to its logo — was launched by French Champagne company, Cattier, in 2006, then purchased by a company led by Jay-Z in 2014.

Does Jay-Z still own Ace of Spade?

In 2021, Jay-Z made headlines for his massive Ace of Spades sale to LVMH's spirit and wine division Moët Hennessy. He sold a 50 percent stake in his champagne brand, which astounded many, but means he raked in at least $315 million from the deal, per Revolt TV.

Who is the owner of Ace of Spades?

Armand de Brignac, known colloquially as Ace of Spades, is a French Champagne owned by Shawn "Jay-Z" Carter and LVMH. The brand is produced by Champagne Cattier and sold in opaque metallic bottles.

What percent of Ace of Spades does Jay-Z own?

“I'm 50 percent of D'Ussé and it's debt-free, 100 percent of Ace of Spades, worth half a B,” Jay-Z rapped on “What's Free,” the Meek Mill track. (D'Ussé is the cognac brand that Jay-Z owns with Bacardi.)

Which champagne does Jay-Z own?

But Jay-Z literally and figuratively made Champagne his own. In 2006, a bottle of Armand de Brignac, a Champagne nicknamed Ace of Spades and new to the U.S. market, made a cameo in a metal briefcase in Jay-Z's “Show Me What You Got” video. He rapped about the brand in subsequent tracks and brought bottles to events.

How Jay Z’s Multi-Million Ace Of Spades Compares To Other Celebrity Cashouts | Forbes

What franchises does Jay-Z own?

Through his business ventures Jay-Z became the first hip-hop billionaire. In 1999, he founded the clothing retailer Rocawear, and in 2003, he founded the luxury sports bar chain 40/40 Club. Both businesses have grown to become multi-million-dollar corporations, and allowed him to start up Roc Nation in 2008.

Does Jay-Z own Dom Perignon?

Jay-Z acquired the brand in 2014. LVMH's distribution strength and experience developing luxury brands “will give Armand de Brignac the commercial power it needs to grow and flourish even further,” said Jay-Z in a statement Monday. — CNN's Leah Dolan and Allyssia Alleyne contributed to this report.

How much of Dusse does Jay-Z own?

The settlement was announced in a press release and called for an affiliate to buy out JAY-Z's 50% stake of the cognac company, leaving Bacardi owning 75.01% of the rest of the business.

How much did Jay-Z sell Dusse for?

The rapper has officially sold his stake in the D'USSÉ Cognac brand for $750 million USD. Jay-Z originally partnered with Bacardi to launch the brand in 2012. However, the rapper decided earlier this year that he wanted to be bought out by the company.

When did Jay-Z buy Dusse?

Jay-Z and Bacardi acquired D'Usse in 2012 and built the brand into the fastest growing and one of the best-selling cognac brands in the world over the last decade.

How much did Jay sell Ace of Spades for?

Forbes values the deal for the bubbly wine, known by its nickname Ace of Spades thanks to its logo design and several of Jay-Z's lyrics promoting it, at roughly $630 million, based on conversations with five beverage analysts and industry insiders.

How did Jay-Z buy Ace of Spades?

Luxury beverage giant LVMH Moët Hennessy has acquired a 50% stake in Jay-Z's champagne brand, Armand de Brignac. Armand de Brignac — which is widely known as “Ace of Spades” due to its logo — was launched by French Champagne company, Cattier, in 2006, then purchased by a company led by Jay-Z in 2014.

Did Jay-Z own Cristal?

He then bought the rest of Armand de Brignac in 2014. Prior to his investment, Jay-Z had plugged another high-end Champagne, Cristal, in his tunes — but he publicly boycotted the brand after a top exec made disparaging comments about its popularity in the hip-hop world.

How much does Ace of Spades make a year?

Greenburg also suggests “Ace of Spades'' generates annual revenue of $13.5 million and using an industry multiple of 2.1 times sales would make Armand de Brignac worth $28.3 million.

What rapper owns Hennessy?

LOUIS VUITTON MÖET HENNESSY AND JAY-Z TEAMED UP FOR THE ARMAND DE BRIGNAC EXPANSION. The distilled wine unit of the LVMH group (Louis Vuitton Moet Hennessy), recently announced the purchase of 50% of Armand de Brignac, a well-known brand of champagne owned by Jay-Z.

Did Jay-Z sell more than Elvis?

With the release of The Blueprint 3 in September 2009, Jay-Z surpassed Elvis Presley as the solo artist with the most number-one albums on the Billboard 200.

What is Jay-Z's alcohol drink?

Fans of hip-hop might be interested in D'Ussé VSOP Cognac, which has been endorsed by no less a figure than legendary rapper-entrepreneur Jay-Z.

Does Jay-Z own Bacardi?

Bacardi now owns at least 75.01% of the brand, Shawn Carter, known professionally as Jay-Z, retains a “significant ownership stake.” D'Ussé is a multi-billion dollar brand, according to a release announcing the deal.

Does Jay-Z own Ciroc?

He has invested in numerous companies and brands throughout his career, including the popular vodka brand Ciroc. But does he actually own the brand? The answer is yes, and it is part of an impressive portfolio of investments that Jay-Z has made over the years.

Why did Jay-Z sues Bacardi?

A Bacardi Ltd. subsidiary moved to join—and end—a lawsuit brought by Jay-Z over fears that the global liquor giant is intentionally tanking their cognac-making joint venture, D'Usse LLC, as part of a scheme to lower the price of a buyout the music mogul has demanded.

Is Ace of Spades black owned?

Dubbed “Ace of Spades” by friends and fans, Armand de Brignac is one of the most luxurious and expensive Champagne brands around, known for its metallic bottles. Now owned by Jay-Z, Armand de Brignac is made by the Cattier family in the Montagne de Reims.

Who has the biggest Dom Pérignon collection?

New Annabel's restaurant boasts world's largest collection of Dom Pérignon. Matteo's, the new Italian restaurant at London private members' club Annabel's, is said to boast the largest collection of Dom Pérignon and Sassicaia in the world....

Is Ace of Spades Champagne worth it?

Armand de Brignac Bottling Note

Armand de Brignac's Ace of Spades is quite possibly the world's most prestigious non-vintage Champagne and a favourite of rapper Jay-Z (so you know it's good - he's used to the finer things). At one blind tasting, Armand de Brignac was voted the best Champagne in the world!

How much Uber does Jay-Z own?

According to Forbes, Jay-Z purchased a $2 million stake in Uber, the ride-sharing app, in 2013. The company is now worth nearly $60 billion.