Jay-Z Wants Out of D’Ussé Partnership, Accuses Bacardi of Hiding Value

Jay-Z famously sips on D’Ussé, however he now not needs to personal the liquor model — TMZ Hip Hop‘s realized he is promoting it to his companions at Bacardi, however he suspects the corporate’s enjoying a excessive stakes “shell game.”

As we first reported … Jay’s filed docs demanding Bacardi open up the books on its 50/50 partnership with him on D’Ussé — the top-shelf cognac they’ve co-owned since 2012 — and now we all know why.

According to docs, Jay’s firm, SC Liquor, exercised its proper to a buyout a few 12 months in the past. Under their settlement, Bacardi now has to “negotiate in good faith” to give you a good worth for Jay’s stake in D’Ussé. Therein lies the issue … Jay thinks they don’t seem to be enjoying truthful.

In the docs, SC Liquor says Bacardi’s subsidiary, Empire Investments Inc., is making an attempt to “stall and stonewall” all efforts to get monetary data on the valuation of D’Ussé.

Keep in thoughts, nobody’s achieved greater than Jay to hype the model, shouting it out in numerous verses — and after a 12 months of Bacardi dragging its toes, Jay thinks their endgame is lowballing him on the worth.

Even additional, Jay accuses Bacardi of mismanaging in all kinds of methods with the intent of decreasing income.

As for a way a lot it is likely to be price — the paperwork reference a possible worth, however Jay’s legal professionals redacted these numbers. We do know either side should not seeing eye-to-eye on the worth, as a result of they’ve every thrown out a possible worth — once more, it is redacted — however Jay described their quantity as “well below” truthful worth.

If you are questioning why Jay-Z — who’s already a billionaire many instances over — is likely to be haggling over the worth, there’s BIG liquor cash at stake right here. Remember, George Clooney and Rande Gerber bought their stake in Casamigos tequila again in 2017 … for practically $1 billion!!!