business ventures
Supreme Was Just Sold Again For $1.5 Billion
The world's most popular streetwear label has a new owner. Supreme has been sold once again for $1.5 billion dollars.
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 ...
Panera & NTWRK Partner With T-Pain For Upcoming Day Of Craveable Drops
HipHopWired Featured Video Source: Rious Photography / Rious Photography Panera, fresh off announcing its Unlitmed Sip Club venture, is once again teaming up with T-Pain and NTWRK for its upcoming inaugural “Day of Craveable Drops” event. Coming on the heels of Panera’s launch of its new Chef’s Chicken Sandwiches lineup, the event will feature the hosting talents of T-Pain along with merch that connects all the threads. This coming May 4, NTWRK, a leading livestream shopping platform, will play host to the Day of Craveable Drops that will feature limited-edition merch and collectibles across several brands, including Panera. The curated collection will house shoes, art prints, clothing, and much more with T-Pain putting an emphasis on Panera’s Deliciously Luxe Drip Kit. Related Stories The...
E-40 Retrieves More Revenue With Launch Of ‘Goon With The Spoon’ Ice Cream Brand
HipHopWired Featured Video Source: Goon With The Spoon / Goon With The Spoon E-40 remains a fixture in Hip-Hop culture as he keeps pace with the younger generation without forsaking a second of his legacy. Viewed as one of the savviest business minds in Hip-Hop, the Bay Area boss retrieves more revenue with the launch of his new Goon With The Spoon ice cream brand. On Friday (April 1), the rapper and entrepreneur announced the ice cream launch which falls under his ongoing Goon With The Spoon brand. The ice cream at launch will feature six flavors: Cookie Dough, Bourbon Vanilla, Vanilla Bean, Strawberry, Mint Chocolate, and Salted Caramel. E-40 has worked on the ice cream development for the past four years and boasts a creamery that uses clean energy and the product itself is made without...
Glasses Up: A$AP Rocky Launches New Spirit Brand Mercer + Prince
HipHopWired Featured Video Source: Mercer + Prince / M + P A$AP Rocky confidently displays effortless style and cool, as evidenced by his brand partnerships over the years. The Harlem trendsetter recently announced his foray into the spirits world with the launch of Mercer + Prince, a brand that displays Rocky’s sharp eye for detail and should stand as a notable entry into the rye whisky space. Aged in American oak barrels and inspired by Japanese Mizunara oak casks, Mercer + Prince is a blended Canadian whiskey developed via a partnership between Global Brand Equities and E. & J. Gallo, with A$AP Rocky named as the founder and face of the brand. Related Stories “I’m so excited and grateful to finally introduce Mercer + Prince to the world,” Rocky shared in a press statement. “I have w...
Analysts Say Pusha T’s Arby’s “Spicy Fish Diss Track” Netted Company $8.2 Million In Ad Exposure
HipHopWired Featured Video Source: Michael Kovac / Getty Pusha T made waves when it came out that he and his brother No Malice penned a portion of the McDonald’s “I’m Loving It” jingle, and he’s back in business with a new related venture. King Push’s “Spicy Fish Diss Track” on behalf of fast-food company Arby’s reportedly netted the brand $8.2 million in ad exposure which prompted Pusha T to suggest that it may or may not be true. Via a tweet from journalist Darren Rovell, who quoted a projection from Apex Marketing, the Virginia Beach, Va. rapper hauled in a potential few million for Arby’s. “Value to Arby’s through 7pm ET: $8,203,272 in equivalent advertising exposure, according to @ApexMarketing,” read the tweet. Catching wind of the news, Pusha T shared some cryptic bars that signal i...
D-O-Double-Glizzy: Snoop Dogg Planning Potential Snoop Doggs Hot Dog Line?
HipHopWired Featured Video Source: ROBYN BECK / Getty Snoop Dogg has managed to find opportunities in entertainment outside of his musical career with a high level of success. The Doggfather’s latest business venture might see the Triple OG moving into the glizzy gang with a potential line of hot dogs. According to Billboard, Snoop Dogg filed a trademark order for a brand known as “Snoop Doggs,” keeping things on brand per usual. Related Stories A look at the U.S. Patent and Trademark Office report for the 41 trademark applications that Uncle Snoop filed over the years shows that Snoop Doggs was the latest filing, happening in December 2021. There is also a “Snoop Dogg’s” trademark from 2020. As of now, it isn’t known what Snoop Doggs will materialize into but the speculation is heavy. At ...
Bag Collection: Martha Stewart & Snoop Dogg Partner With Bic For EZ Reach Lighter
HipHopWired Featured Video Source: JB Lacroix / Getty The unlikely but completely organic connection between Martha Stewart and Snoop Dogg has defied expectations and remains a fruitful partnership. The pair are now entering into a new partnership with BIC for its new EZ Reach lighter to be used for whatever activity calls for portable fire. BIC, which provides far more than lighters with a portfolio that includes razors, pens, and more, joined forces with Auntie Stewart, Uncle Snoop, and Marquee Brands to bring forth the EZ REACH lighter, which they say is the “ultimate lighter for all lighting occasions,” and we should know what that means. Wink Wink. The collaboration is part of the “Pass It” campaign that will run through next year and makes it debut on Tuesday (May 4). The EZ Reach li...
LeBron James, Maverick Carter Named 1st Black Partners Of Fenway Sports Group
HipHopWired Featured Video Source: Jerritt Clark / Getty LeBron James and his decision to not “Shut Up and Dribble” is continuing to pay dues. This week, the Los Angeles Lakers superstar and his business partner Maverick Carter were named the first Black partners of the sprawling Fenway Sports Group, giving them an ownership stake in the Boston Red Sox among other interests. The Boston Globe was the first to break the news that James and Carter would be joining FSG as partners after the announcement went wide on Tuesday (March 16). FSG, which is the parent company of the Red Sox and the English Premier League champs Liverpool Football Club, also welcomed RedBird Capital Partners after approving a $750 million private investment. The aggressive move is being framed as FSG’s foray into obtai...
Hip-Hop’s 1st Billionaire Jay-Z Sees Fortune Jump Up 40 Percent
Source: Kevin Mazur / Getty Jay-Z might not drop albums at the rate he did during his rise into becoming Hip-Hop’s first billionaire, but he continues to dazzle in a similar fashion within the business world. After securing two recent deals, the Brooklyn rapper turned mogul saw his net worth jump 40 percent according to a new tally. Forbes examined the recent deals Jay-Z just finalized, which include a 50 percent sale of his Armand de Brignac champagne brand to LVMH, and Jack Dorsey’s Square outfit buying a majority stake of the TIDAL music and content service. The two deals, according to the publication, put the artist born Shawn Carter’s fortune at $1.4 billion. Among Jay-Z’s many holdings, he still retains 50 percent of the so-called “Ace Of Spades” bubbly, is one of the co-founders of ...
Hold Up I’m Just Warmin’ Up: Square Gains Majority Stake In TIDAL For $297 Million
Source: Thomas Trutschel / Getty The business world is shifted once again, most especially within the realm of music and content streaming. It was announced today (March 4) that Square has obtained a majority stake of TIDAL and will name Shawn “Jay-Z” Carter to its board of directors. By way of a press release issued by Square, the new deal states that Square will pay a combination of cash and stacks for a total of $297 million, putting the company founded by Twitter co-founder Jack Dorsey smack dab in the middle of the streaming wars. TIDAL will still operate as an independent entity according to the announcement. The release goes on to detail that Square is hopping into this space as a means to empower musicians and all connected individuals within that space in order to facilitate payme...
Bag Collection: Jay-Z Sells Half Of Aces Of Spades To LVMH
Source: Jamie McCarthy / Getty Jay-Z continues to thrive in the board room with the same flair he exhibited as one of the world’s best rappers. The Brooklyn mogul sold half of his champagne brand Armand de Brignac business to LVMH, which will significantly boost its global profile. The New York Times broke the news of Jay-Z’s sale of the champagne largely known as Ace of Spades in most circles. Now in partnership with the Paris-based LVMH Moët Hennessy Louis Vuitton, Armand de Brignac will have the resources of LVMH at their disposal. As it stands, Ace of Spades has emerged as a symbol of celebration and wealth and has become a staple in nightclubs and establishments where bottle service is given. As the Times notes, the deal brings in a savvy Black business owner in Jay-Z and gives LVMH a...
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