Jay-Z’s game-changing sale of Ace of Spade to LVMH
Luxury French conglomerate Louis Vuitton Moët Hennessy (LVMH) and its wine and spirits subsidiary Moët Hennessy have acquired a 50 per cent stake in Jay-Z’s luxury champagne brand, Armand de Brignac, also known as Ace of Spades. Image: PRNewsfoto/Moët Hennessy Though the financial terms of the arrangement have not been disclosed, Jay-Z revealed the news of the sale last week in a Zoom video call with LVMH Moet Hennessy CEO Philippe […]