Does Jay-Z own Armand de Brignac champagne?
Does Jay-Z own Armand de Brignac champagne?
Rap star and entrepreneur Jay-Z has sold a 50% stake in his luxury Champagne brand, Armand de Brignac, to LVMH’s wine and spirits arm Moët Hennessy for an undisclosed sum. Armand de Brignac’s ‘entry-level’ Champagne, Ace of Spades Gold Brut, retails for about £250 a bottle.
How much did Jay-Z sell 50% of his Champagne company for?
According to Forbes, the deal valued JAY’s champagne brand, Armand de Brignac, at over $600 million. Forbes specifically valued the brand at roughly $630 million. This means that with the 50 percent stake sale, JAY raked in at least $315 million from the deal. Speaking with Yahoo!
What Champagne brand does Jay-Z own?
Armand de Brignac champagne brand
French luxury giant LVMH has purchased a 50% stake in his Armand de Brignac champagne brand, known to fans of his music by its “Ace of Spades” nickname.
How much did Jay-Z sell half of his Champagne 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.
Who owns Armand de Brignac champagne?
LVMH
LVMH bought half of Jay-Z’s champagne brand, Armand de Brignac. Financial terms were not disclosed. Jay-Z bought the “Ace of Spades” brand in 2014. The champagne brand sold more than half a million bottles in 2019.
How much was Jay-Z deal with LVMH?
LVMH and JAY-Z’s Armand de Brignac Deal Valued at Over $600 Million USD.
How much did Moet pay Jay-Z?
Now, Forbes has estimated that the Brooklyn-bred hip-hop entrepreneur has made a total of at least $300 million when he sold half the company to Moët Hennessy.
How much did Jay-Z sell his company for?
Both Jay-Z and Roc Nation CEO Desiree Perez are expected to stay on the TIDAL board following the Square buy, reports TMZ. For Jay-Z, a $350 million sale represents a multiple of around seven times on the €50 million (approx $56 million) he paid to acquire TIDAL – then linked to Scandinavian service WimP – in 2015.
How much is a bottle of Ace of Spade champagne?
Common Armand de Brignac: Ace of Spades Champagne Prices List
| Name | Average Price |
|---|---|
| Armand de Brignac Ace of Spades Gold Brut | $292 |
| Armand de Brignac Ace of Spades Brut Rose | $449 |
| Armand de Brignac Ace of Spades Demi-Sec | $366 |
| Armand de Brignac Ace of Spades Silver Blanc de Blancs | $612 |
How much does Jay-Z champagne cost?
Jay Z Launches New Champagne That Costs Over $125 Per Glass And the price tag? About $760 per bottle. Estimating that you can get six decent-sized pours out of that, that comes in around $125 per glass.