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Jay-Z sells half his champagne brand to LVMH

Published by Punch on Mon, 22 Feb 2021


LVMH, the worlds biggest luxury goods company, said on Monday it had agreed to buy 50 percent of Armand de Brignac, the champagne brand owned by rapper Jay-Z. The company said the purchasefor an undisclosed sum and made through its Moet Hennessy drinks divisionalso involved a distribution deal and would kick
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