LVMH Buys 50% Stake in Jay-Z’s Champagne Brand Armand de Brignac
LVMH has purchased 50% of Jay-Z’s champagne brand, Armand de Brignac also known as Ace of Spades. LVMH stands for Louis Vuitton Moet Hennessy and is a French luxury goods company.
Companies that fall under the brand are, Louis Vuitton, Dior, Fendi, Givenchy, Bulgari, Moet just to name a few. Financial terms have not been disclosed. As you hear about more celebrities’ business ventures, has it made you more interested in stocks and business and keeping up with it?