Does Jay-Z own Ace of Spade?

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. A press release touted the brand as a “worldwide success” that sold over 500,000 bottles in 2019.

How much does Jay-Z own of Ace of Spades?

BLACK ENTERPRISE reported that LVMH Moët Hennessy, the world leader in luxury wines and spirits, announced a partnership with the hip-hop heavyweight, Jay-Z, acquiring a 50% stake in Carter's Armand de Brignac, which is widely known as “Ace of Spades” due to its logo.

Does Jay-Z own 100% of Ace of Spades?

Jay-Z Sells 50% Ownership Stake of Ace of Spades to LVMH Moët Hennessy. The business dealings of Shawn “Jay-Z” Carter continue to add to the hip-hop wordsmith's growing legacy.

Who is the owner of Ace of Spades?

Armand de Brignac, known 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 year did Jay-Z buy Ace of Spades?

Jay-Z bought the “Ace of Spades” brand in 2014. The champagne brand sold more than half a million bottles in 2019.

Jay Z's Ace of Spades vs. $15 Champagne: Don't Believe the Hype

Does Jay-Z own Hennessy?

Moet Hennessy is acquiring a 50% stake in rapper and entrepreneur Jay-Z's Champagne brand in an effort to up its cool factor and expand distribution.

How much did Jay-Z sell 50 of Ace of Spades?

While neither Jay-Z's team nor LVMH disclosed financial terms of the transaction, The New York Times pointed out that some clues may be found in the rapper's own lyrics: According to a Jay-Z verse on Meek Mill's 2018 “What's Free,” Ace of Spades is worth “half a B,” which would value a 50% stake at $250 million.

What champagne company does Jay-Z own?

On Monday, Shawn "Jay-Z" Carter sold a 50% stake in his Armand de Brignac champagne brand to luxury goods conglomerate LVMH for an undisclosed amount. But Carter didn't initially set out to create his own high end champagne business, or even his entertainment company, Roc Nation.

Who did Jay-Z sell his liquor to?

Jay-Z announced this week that he was selling his Armand de Brignac champagne brand to the wine and spirits division of luxury goods behemoth LVMH—and personally raked in more than $300 million from the blockbuster bubbly deal, according to Forbes.

Does Jay-Z own Cîroc?

Greenburg is the author of "3 Kings: Diddy, Dr. Dre, Jay-Z, and Hip-Hop's Multibillion-Dollar Rise." Jay-Z launched Armand de Brignac and Diddy has a deal with Diageo's Ciroc vodka.

How much of Cîroc does Diddy own?

In 2007, Diddy signed on to help develop the Cîroc brand in the US for a 50% share of the company's profits.

Who owns Ace of Spades champagne price?

Cosmetics giant Coty Inc paid $600 million for a 51% stake of the brand in January 2020; she pocketed $540 million, pretax. She still has an estimated 44.1% stake—with Kris Jenner owning a small stake—in the brand, and she and her team oversee all creative efforts.

Which rapper has his own vodka?

PitBull – Voli Vodka

US-Cuban rapper Pitbull, who produced hits such as International Love, is the official ambassador for low calorie drink Voli Vodka, in which he also owns a stake.

Does Jay-Z Own Cristal?

Jay-Z had previously endorsed Cristal, another high-end Champagne, in his songs before making his investment – but publicly boycotted the company after a top executive made disparaging remarks about its popularity in hip-hop. In addition to D'Ussé cognac, Jay-Z also owns his own brand.

What wine does Jay-Z own?

Jay Z increased his ownership stake in Armand de Brignac Champagne, nicknamed 'Ace of Spades', in 2014 after buying out Sovereign Brands. In February 2021, he sold a 50% stake to Moët Hennessy, the wine and spirits arm of LVMH.

How much does Jay-Z Champagne cost?

Jay-Z's New A2 Champagne Costs $850 a Bottle.

Who is the owner of Ciroc?

Cîroc is a brand of alcoholic beverages produced in France since 2003 and distributed by the British-based multinational alcoholic beverage maker Diageo.

What's the name of 50 Cent's liquor?

EFFEN Vodka and partner 50 Cent just announced a new limited edition bottle of their premium liquor. Arriving just in time for Super Bowl 50, the sleek bottle is cased in a textured football sleeve which comes stamped with Fifty's signature and logo.

Which rapper owns tequila?

DeLeón Tequila

Diddy acquired this brand in November 2014 along with beverage giant Diageo, which previously partnered with the rapper on his super successful Ciroc vodka label. The acquisition came after the Grammy winner badmouthed Patrón — one of DeLeón's chief competitors.

Does Jay-Z own Bacardi?

Additionally, Jay-Z is also part-owner of cognac D'Ussé, which is a joint venture with Bacardi that's estimated to be worth $100 million.

Is Jay-Z part owner of Dusse?

D'Ussé VSOP is aged at least four and a half years in the Château de Cognac cellars. D'USSÉ Cognac was founded by Sovereign Brands and conceived by the senior-most cellar master working today, Michel Casavecchia. (Düsse was later sold to Bacardi and Jay-Z. Sovereign Brands still owns 1/3 of the brand.)

Does Rick Ross own Cîroc?

Over the past few years, Diddy's Ciroc brand vodka has become entrenched in Hip Hop through extensive product placement and artist co-signs. Now, it looks like Rick Ross has re-sign his contract with the famed liquor brand.

Is DJ Khaled sponsored by Cîroc?

Today (April 15), in partnership with Sean “Diddy” Combs, CÎROC Ultra-Premium Vodka reveals its newest offering, Summer Watermelon just in time for this coming season. Combs tapped multi-platinum selling producer DJ Khaled to help create the delectable flavor.