bacardi
Bacardi Buys Out A Majority Of Jay-Z’s 50% Joint Venture Stake In D’USSÉ
It seems Jay-Z's concerns over his cognac brand are no longer. He and Bacardi have renewed their partnership with D'USSÉ. The post Bacardi Buys Out A Majority Of Jay-Z’s 50% Joint Venture Stake In D’USSÉ appeared first on The Latest Hip-Hop News, Music and Media | Hip-Hop Wired.
Jay-Z Put Up $1.5 Billion to Buy Bacardi’s Share of D’USSE Cognac
HipHopWired Featured Video Source: Ezra Shaw / Getty Jay-Z is currently embroiled in a legal tussle with Bacardi regarding the D’USSE Cognac brand. According to court documents, the artist born Shawn Carter attempted to purchase Bacardi’s stake in the brand for a reported $1.5 billion. Jay-Z and the battle over D’USSE made waves earlier in the year after it went wide that the rapper and mogul sued Bacardi this past October alleging that the company failed to be transparent about its finances in connection with the cognac brand. Digital Music News shared in a report that unsealed court documents reveal that Jay-Z’s SC Liquor company offered to buy Bacardi’s share of D’USSE. Still, it was rejected and Bacardi shared a lower value of the company at $460 million, far past its previous estimate...
Bacardi Claims Jay-Z Is Trying To Inflate The Value Of D’ussé Prior To Sale
HipHopWired Featured Video Source: Kevin Winter / Getty The legal battle between between Bacardi and Jay-Z continues to unfold. Hov is being accused of inflating the value of D’ussé prior to selling off his percentage. As spotted on TMZ, the Hip-Hop mogul might be in for another high profile legal battle. Earlier this month the Brooklyn, New York native filed a lawsuit against the spirits conglomerate. He alleges that they were being less than forthcoming with regards to the expression’s sales performance and profitability of the dark liquor. In addition, his SC Liquor company inquired about the production process including “the location of all warehouses storing D’Ussé barrels, bottles and accessories.” Furthermore Carter wants Bacardi to fully detail their inventory process in an ef...
Jay-Z To Sell D’Ussé Stake, Says Bacardi Is Lowballing Him
HipHopWired Featured Video Source: Chelsea Lauren / Getty Jay-Z earned his status as one of the top moguls today by way of a series of savvy business maneuvers, including purchasing a major stake in the D’Ussé cognac brand. The Brooklyn star is seeking to sell his stake back to D’Ussé’s parent company Bacardi but claims that he’s being lowballed in return. TMZ has been at the forefront of reporting about the impending sale, noting that Jay-Z launched a lawsuit against Bacardi earlier this week and demanding to see financials regarding the cognac. Jay-Z and Bacardi are currently split down the middle in regards to owning the cognac brand, which has emerged as a major player in the vast world of adult beverages. More from TMZ: According to docs, Jay’s company, SC Liquor, exercised its right ...
