LVMH’s Moet Hennessy confirms champagne cope with rap star Jay-Z

French luxurious items group LVMH’s Moet Hennessy unit confirmed on Monday a champagne cope with rap star Jay-Z, whereby Moet Hennessy will purchase a 50% stake in Jay-Z’s Armand de Brignac champagne model.

“I am proud to welcome the Arnault household into ours via this partnership that started with Alexandre Arnault and continued along with his father Bernard Arnault and Philippe Schaus, at my house in Los Angeles,” Jay-Z stated in an announcement, referring to the Arnault household that runs LVMH.