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

Jay-Z famously sips on D’Ussé, however he not desires 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 taking part in a excessive stakes “shell recreation.”

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 religion” to give you a good value for Jay’s stake in D’Ussé. Therein lies the issue … Jay thinks they are not taking part in 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 carried out 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 types of how with the intent of reducing earnings.

As for the way a lot it could be price — the paperwork reference a possible worth, however Jay’s attorneys redacted these numbers. We do know either side will not be 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 “effectively beneath” truthful worth.

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