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Jay-Z on teaming up with Moet on his luxury champagne brand Armand de Brignac

Moet Hennessy announced Monday that it will be acquiring a 50% stake in luxury champagne brand Armand de Brignac, also known as the Ace of Spades. The brand was popularized by Grammy-winning artist and businessman Jay-Z, who will retain a 50% ownership stake alongside Moet. Jay-Z joined “Squawk Box” on Monday with Philippe Schaus, CEO of LVMH’s wines and spirits arm Moet Hennessy, to discuss the deal

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