Moët Hennessy to acquire a 50% stake in Armand de Brignac.

Moët Hennessy, a luxury wines and spirits producer, agreed to acquire a 50% stake in Armand de Brignac, a prestige champagne provider. Financial terms were not disclosed. "It is a partnership that has felt familiar the entire time. We are confident that the sheer power of the Moët Hennessy global distribution framework, its unparalleled portfolio strength and its long-established track record of excellence in developing luxury brands will give Armand de Brignac the commercial power it needs to grow and flourish even further," Shawn JAY-Z Carter, rap star and Armand de Brignac owner.