Dr. Dre applauds JAY-Z for LVMH champagne deal
Dr. Dre has saluted JAY-Z’s major champagne deal. On Monday (Feb. 22), it was announced that Hov sold half of his Armand de Brignac champagne brand to LVMH’s wine and spirits division, Moët Hennessy.
“Congratulations Jay Z!! Dope AF!!” Dre captioned a photo of himself posted up with a box of Ace of Spades. “That’s Black Excellence.”
According to CNBC, LVMH will now take over the distribution of the champagne. Speaking with Yahoo! Finance, JAY said the luxury giant’s Moët was a “natural partner” and would take his Armand de Brignac to “the next level of taste and distribution.”
Many in the hip hop community praised JAY’s money-making move yesterday. From purchasing a 50 percent stake in the champagne brand in 2006 and buying the rest of the company eight years later, the serial-entrepreneur has gone on to add immense value to the brand. CNBC reports that in 2019, Armand de Brignac sold half a million bottles of champagne.
Dr. Dre wasn’t the only one to congratulate Hov for the successful venture. Tina Knowles-Lawson, Beyoncé’s mother, commended her son-in-law’s business …
More on: www.revolt.tv