Moët Hennessy acquires 50% of JAY-Z's champagne brand
Moët Hennessy has announced a partnership with US rapper and businessman Shawn ‘JAY-Z’ Carter by acquiring a 50% stake in his champagne brand.
Armand de Brignac, known colloquially as ‘Ace of Spades’ for its golden bottle design, was bought by the rapper in 2014.
The champagne has a strong presence in North America, Asia and Europe, and sold more than half a million bottles in 2019.
JAY-Z said he is confident in the deal because of the “sheer power” of the Moët Hennessy global distribution framework.
Some bottles in the Armand de Brignac’s Brut Gold range are listed for more than $500 in Australia.
Australian Government support for fresh produce suppliers of supermarkets
Applications open next month for a $2m grants program, which is designed to help smaller...
Best 'young red' awarded to a windswept vineyard in Tassie
The 2025 Melbourne Royal Wine Awards have been announced, with Meadowbank Wines scooping up two...
Company fined $300K after worker injured in a chilled meat storage area
The company was fined in the District Court of NSW as a result of a prosecution by SafeWork NSW.
