D’ussé Cognac
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 ...
Jay-Z Files Lawsuit Against Bacardi Over D’Ussé Cognac Financials
HipHopWired Featured Video Source: Roy Rochlin / Getty One of the largest spirit companies has some answering to do. Jay-Z is suing Bacardi over the financials regarding his D’Ussé Cognac. As spotted on TMZ, the Brooklyn, New York native is taking one of his partners to court. This week the celebrity gossip website obtained paperwork which confirms that Hov’s corporation, SC Liquors, is demanding total financial transparency from the global conglomerate. In addition he is asking some very pointed questions regarding 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 effort to “monitor the conduct of [Bacardi’s] business to protect SC’...
D’USSE Cognac and JAY-Z to Auction Off A Limited-Edition Bottle At Sotheby’s
Source: Sotheby’s / Sotheby’s Jay-Z is giving back to the people yet again but this time is using one of his brands to do so. The Brooklyn MC will be selling off a rare expression from his personal collection. The Shawn Carter Foundation will debut “Bottle No. 1” of the new D’USSÉ 1969 Anniversaire Limited Edition at Sotheby’s, the world’s largest, most trusted and dynamic marketplace for art and luxury. The auction will reveal the first bottle of D’USSÉ’s small collection of ultra-rare Grande Champagne Cognac from a single barrel, which has aged for decades at one of the oldest and most storied Cognac houses in France—the Château de Cognac. All 285 bottles in the covetable collection are numbered with an inscription on the topper to showcase their place in the batch, and feature a 12-cut ...
