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Moët Hennessy, Valentino, Harper’s Bazaar, Sotheby’s and Louis Vuitton

February 23, 2021

LVMH is taking a 50 percent stake in Armand de Brignac Champagne. Image credit: Armand de Brignac


Luxury Daily’s live news for Feb. 22:

Moët Hennessy takes 50pc stake of Jay-Z’s Ace of Spades
French luxury conglomerate LVMH’s wine and spirits division Moët Hennessy has acquired a 50 percent stake in Champagne brand Armand de Brignac, owned by rapper and entrepreneur Shawn Jay-Z Carter, as it looks to appeal to a more diverse and global luxury consumer.

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