Bacardi Acquires Majority Stake In D’usse Cognac, Ending Jay-Z FeudFebruary 6, 2023
In case you missed Friday’s news alert, after months of legal wrangling, Bacardi Ltd and Shawn “Jay-Z” Carter have come to an accord on D’usse Cognac. Bacardi has acquired a majority interest in the multi-billion-dollar brand from Mr. Carter and he will retain a significant ownership stake in the brand. Terms weren’t disclosed. Here’s the full story.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
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