Jay-Z wants to sell his D'Ussé cake and eat it too ... at least according to Bacardi, his partners in the top-shelf liquor, who now claim he's trying to double the brand's value and make a bundle.
wants to sell his D'Ussé cake and eat it too ... at least according to Bacardi, his partners in the top-shelf liquor, who now claim he's trying to double the brand's value and make a bundle.
Bacardi's subsidiary, Empire Investments, responded to Jay's lawsuit, and in the docs it says both parties actually had a"handshake deal" last December ... in which Empire agreed to buy Jay's 50 percent stake in the cognac line.Gettybroke the story ... Jay's company, SC Liquor, exercised an option last year for Bacardi to buy him out. They had been 50/50 partners in D'Ussé since its inception in 2012.
In the new docs, Empire/Bacardi doesn't say what, if any, price they'd agreed upon when they made the handshake deal -- much of the document is redacted as we're guessing neither side wants any valuation of D'Ussé to be made public at this point.
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