Jay-Z Sells 50% of His Champagne Label to LVMH
Jay-Z Sells 50% of His Champagne Label to LVMH
The French giant will control part of the artist and entrepreneur’s brand Armand de Brignac.
The French giant will control part of the artist and entrepreneur’s brand Armand de Brignac.
February 22, 2021
Hip-hop and luxury have been connected for quite a while and now there’s another addition to that relationship: Moët Hennessy, LVMH’s wine and spirits division, has just acquired a 50% stake in Armand de Brignac, Jay-Z’s champagne label.
“I’m proud to welcome the Arnault family into ours through this partnership that began with Alexandre Arnault and continued with his father Bernard Arnault and Philippe Schaus, at my home in Los Angeles,” Jay-Z said in a press statement. “It is a partnership that has felt familiar the entire time.”
Thereâs no limit to an empire state of mind, or the ways in which Jay-Z can make money. Yesterday, news of Parisian luxury house LVMH taking 50% stake in the hip hop baronâs flashy brand of bubbly, Armand de Brignac, fanned out over the Internet. This is significant: For LVMH, whose recent experiments such as with Rihanna s Fenty have been tricky, it signifies a desire to continue to embrace contemporary luxury and diversity in clientele. For Mr Carter, whose songs have referenced everyone from Gucci to Maybach, Versace to Cristal (another legendary champagne house with whom he had an infamous and very public fallout), itâs a chance to grow one of the youngest and buzziest sparkling wine brands in the world.
Rihanna poolside with her giant-sized picture book. (Photographed by phaidonsnaps and shared on her Instagram.)
Robyn Rihanna Fenty turned 33 today and one of the most renowned singers globally dropped some special celebratory love for her on Twitter.
Mariah Carey sent birthday wishes to Barbados songbird in a tweet.
But why is Mariah s tweet being singled out by Loop Lifestyle?
Well, Rihanna has 14 No. 1 Hits on Billboard Hot 100 and Mariah has 19, which combines to equal.33!
So this year below the tweet many people are calling for a collab.
Rihanna! Happy birthday girl! I hope you’re feeling festive as always.. wherever you are!!!! Love you gorgeous!!!!!! ❤️@rihanna
Mariah Carey includes Barbados flag in her Rihanna birthday tweet loopslu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from loopslu.com Daily Mail and Mail on Sunday newspapers.
Rihanna 33rd Birthday: 10 Inspiring Quotes By RiRi To Kickstart The Celebrations
KEY POINTS
Her net worth is estimated to be around $550 million
Here are some of the iconic pop singer s quotes to celebrate her birthday
International pop icon and Grammy winner Rihanna, known for her hit tracks like Don t stop the music, Love the way you lie, and Umbrella celebrates her 33rd birthday Saturday.
Robyn Rihanna Fenty, internationally recognized as Rihanna, was born on Feb. 20, 1988, in Saint Michael, Barbados, to accountant Monica and warehouse supervisor Ronald Fenty. She debuted at the young age of 16 and is now recognized as a Barbadian singer, actress, businesswoman, and one of the biggest pop superstars in the world.