Luxury group LVMH joins Jay-Z’s champagne brand Armand de Brignac
LVMH buys half of Armand de Brignac
In 2014, Jay-Z took over the Armand de Brignac champagne brand. Now the luxury group LVMH announced to acquire fifty percent of the company.
No information was disclosed on the financial terms of this deal. However, it was announced that LVMH will take over the job of distributing the champagne in the future.