Louis Vuitton Moët Hennessy (LVMH) has bought a half-share in a Champagne company Armand de Brignac owned by rapper and businessman Jay-Z.
Started by Jay-Z in 2006, Armand de Brignac claims to have sold half a million bottles of its "Ace of Spades". champagne in 2019.
The 50 percent share acquisition is seen providing synergy with Moët Hennessy and the luxury-brand conglomerate’s other high-end alcohol brands.
The partnership will have a global distribution agreement.
According to Moët Hennessy CEO Philippe Schaus, their Champagne experience and international network coupled with Jay-Z's vision, the strength of the Armand de Brignac brand, and quality of its range of prestigious cuvées will bring their business to new heights.


TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation
Rio Tinto and BHP Agree to Explore Major Iron Ore Collaboration in Pilbara
Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains
Walmart International CEO Kathryn McLay to Step Down After Two and a Half Years
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition
China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand
Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft
Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO
TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 



