Friday, October 21, 2022

Jay Z wants Out of D'Ussé Deal


This week it was revealed that Jay Z was suing Barcardi to force them to open the books on their 50/50 D'Ussé cognac deal [click here if you missed that]. 

The reason for the audit is because Jay wants out...

From TMZ 
According to docs, Jay's company, SC Liquor, exercised its right to a buyout about a year ago. Under their agreement, Bacardi now has to "negotiate in good faith" to come up with a fair price for Jay's stake in D'Ussé. Therein lies the problem ... Jay thinks they're not playing fair.
In the docs, SC Liquor says Bacardi's subsidiary, Empire Investments Inc., is trying to "stall and stonewall" all efforts to get financial info on the valuation of D'Ussé and after a year of Bacardi dragging its feet, Jay thinks their endgame is lowballing him on the price.
Even further, Jay accuses Bacardi of mismanaging in all sorts of ways with the intent of lowering profits.
Jay wants a judge to force Bacardi to open the books and all other records related to D'Ussé.

35 comments:

NyahbinghiObeahWomanWarrior said...

I don't drink that mess so I could care less.

Anonymous said...

He wants out cuz ain't nobody drinkin that ish. It's tanking, they not lowballing. It's been Henny and Casa Migos season for a while now.

Anonymous said...

^ That part.
Since he is not on the music circuit with no new albums or videos to promote the product, it's not selling. I never heard of it.

Anonymous said...

Never heard of this drink

Anonymous said...

When liabilities outrun assets one needs to raise cash. LVMH/Aces deal, Twitter/Tidal deal

Ella M Nopea said...

So it has come out that Jay didn't have as much stock in Barclay's, Didn't own 40/40 100%, Doesn't own Tidal 100% and now Dussi is 50% owned by another company.

So how is he a Billionaire again? How are we supporting black business buying his brand?

Something is fishy with the Carters. Beyonce has been MIA during this album release and Jay has been suing and selling like he owes big money to someone.

Anonymous said...

The priestess back! I see you my baby… you did you a 40 day cleansing of this “electronic heroin.” 📱 💻

BYEonce is a joke told by Matty Cain said...

He always want to cry when things don't go his way but look at how he handle the Colin Kaepernick situation.

Anonymous said...

He wants to be accepted by the elite but fail to realize an uneducated drug dealer from the projects will never be accepted. He's always going to be that uneducated drug dealer from the projects. I don't like the Carters and this kick in his face is amusing to me.

Anonymous said...

I actually like his business acumen. He stay working on securing his family’s future. Instead of investing in chicken wings and other fast food chains he reaches higher. Have to admire his tenacity. Rap isn’t a forever gig. I used to not like him but now I have a new found respect for Sean Carter.

Anonymous said...

Fast food chain deals can be very lucrative. They may not suit everyone, but there is definitely money to be made in fast food. Not everyone drinks alcoholic beverages.

Anonymous said...

I remember when Russian Billionaire Mikhail Prokhorov made it known to the New York press that Jay Z was NOT the owner, NOR the builder, the Barclays Stadium, AND also, not the owner of Brooklyn Nets. He was offended at Jays arrogant braggadocious lying theatrics.

This is just more of the same, it was widely reported that Jay owned Dusse, and Owned Ace of Spades.

The narrative was spun so good that people believe that Jay created these products and owned the farms and vine yards. Pays farmers and farm hands. Owns the brewing distilleries and botteling plants.

More over, that Jay travels to Europe tasting grapes in the middle of a vineyard and swirling champange around in his mouth like a Master Sommelier before spitting it out on ground declaring " Magnifique" in perfect French before declaring the bottling a new batch to be shipped to America, lol lol lol

Once again, more egg on the Billion dollar myth of the "Great Pretender"

Anonymous said...

Crabs in a barrel if he owns a McDonalds franchise does he lease the land from corporate ? Does he build a factory to make cups? boxes? bags? Straws? Does he build a cattle ranch? A pig farm? A checken farm? A egg farm? he would be 10 years in the making just to get to market, he partnered with capable people a distiller/bottler/alcohol marketer and distributor........you can tell who works a job and who runs a business why would he own everything and then have the hassle of paying for all of these services to make it work if he partners with one partner not 10 or 12 to get all of this stuff done just so he can claim sole ownership with one partner he provides social currency and relevancy and capital and the partner that takes care of all of the rest takes care of all of the rest and it's a complete picture and any one knows if you pay them to do there part they will do the minimum if you partner with them they go above and beyond because its half theirs too all you flippin idiots jumping at the chance to point out how you knew all along he didn't own it probably own nothing and never will there is an old saying in business if you want to go fast go alone if you want to go far go together and who didnt know he was not going to sell its a hit and miss like Puff with Ciroc like him biggs and Dame with Rocafella the exit plan is to get out and move to something else bigger and more lucrative you only keep the real big winners ie Rocnation and Ace and both he was albe to partner with players that are the top of the field and guarantee his wagon is hitched to there success its common sense but the comments prove sense aint that common

Ella M Nopea said...

if you partner with them they go above and beyond because its half theirs too
_________________

I bet Dame believed that too before the rug was yanked from under him.

Anonymous said...

He's so in denial that his brand is in the toilet, that it's reflected in the poor sales of his liquor. Millenials and Gen Z are not drinking D'Usse. Shit, at least Diddy knows more about branding and marketing--he had to do a refresh, and has Caresha now to tap into that down south market for Ciroc and other ventures he has. Jay Z is a hustler, not a business man.

Anonymous said...

@3:17
Haha yup, good point! Jay Z now sounds like Dame!

Unknown said...
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Unknown said...
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Unknown said...

@3:24 That's very true! Diddy is always going to surpass Jay because Diddy actually went to college (dropped out) and mentored with business executives before he was 21 years old; became a millionaire before 25 years old. Diddy will always be leaps and bounds ahead of Jay. Diddy knows arrogance will only take you so far, he learned early on how bragging and treating folks like sh*t will limit your opportunities and networking ability. Jay made that $200 million, married Beyonce, and shut out every (black) artist that could overtake him or Beyonce; and 10 years later, neither Bey or Jay can hit those same numbers. Meanwhile, Diddy has been holding down a net worth of over a quarter of billion for almost 30 years, despite not being an artist or relevancy; that's called marketing and it's why Diddy will see an actual billion before Jay does. Same with 50; that nucca got Power franchises, movie and tv deals; sold out international tours. See, this is why you stay humble when you're on top ...now his peers are overtaking him and he's shook. Bey ain't selling and nobody cares about her music or the Tiffany deal.

Anonymous said...

^^
Yes, all facts! Jay is hustling backwards lol

Anonymous said...

Beyonce dad said it best - “It’s all smoke and mirrors”

Anonymous said...

Whatever. Watch your own pockets.

Anonymous said...

Jay, Now you know how your artists feel. The end

Anonymous said...

I said that nigga broke and my comment got deleted.

WGforreal said...

Fu*k, Jay-Z, Be/non-see: Kan/NO, and far to many, black folks of wealth, that haven't invested in our youth. Sending, funds for educational tools to uplift, it's never been that hard. Yet, look at these Uncle Tom , M. F's, crying about being punked. You reap what you sow, SELL OUT 's!!!

Anonymous said...

Jay z and Beyonce didn't have 180 Million cash and lost the dream home that wanted to buy a few years back in Beverly Hills. A wealthy tech Billionaire purchased that home. Nobody drinks D'sse. Things are going to get real people's money about to be real tight.

Anonymous said...

I find it funny how people seem to hate Jay Z for no reason other than he's successful. Praise someone like Diddy for his business sense while leaving a trail of broken artist behind.

Anonymous said...

3:50 - although they both hard on the eyes, Puff is better looking and more charismatic à la the Kennedy / Nixon debate theory. Additionally, Puff is single and shameless about his get down, while Jay is faking the funk in his relationship. Therefore, Puff lauded and Jay-Z disrespected. No one truly cares about discarded artists at the end of the day. If you keep up with the crabs in comments it’s “they knew what they were getting into”, “I have no sympathy” and all of that. Black folk condone what Puff does and eat it up and buy albums and kiki to his energy. Step and repeat.

Anonymous said...

3:50 I can't stand neither one of them. They are both scum and brag too much. Yet it seems that Shytty is more business say than the camel. Camel is just reaping what he sewed and no one knows what Shytty is reaping. They both have to pay for all the mess they've done to people.

Anonymous said...

Man, I went to the supermarket today and a dozen eggs cost $3.59! Do you understand what I'm saying? Damn near $4 for some eggs??? I couldn't believe that shyt! Folks can barely feed their families without going broke, cutting back on essentials or robbing Peter to pay Paul, so fck Jizza and the poison he continually markets to our People. And fk every other rich asshole out there who sells poison our community but don't regularly do a damn thing to help out their own.

Kedarbenjudah said...

Didy is a natural born hype man he has managed to make a fortune by being Steve Jobs meaning he sells the product maybe has the idea but make nothing that is his skill and he did rob some people but now clearly regrets that he was so hungry he signed bad deals that left him no option but to rob everyone to make money but he has atoned for those things reluctantly because it was the foundation of his wealth but since branching out he has let go and been more equitable, Jay & Bey built their empire on being mega stars and surrounding themselves with capable teams to round things out Jay managed to pivot pretty well learning the back end of the music business that's why he out earns Bey it used to be the opposite her out earning him but she is still mostly dependent on her music and we have to face it evry star dims why Jay drops once in a blue moon a project that is his alone while he teases with guest spots to keep his name relevant he needs to get his wife one of those Bono Rocnation deals now so she can go international with the euro club sound and leverage her name

Anonymous said...

^^
not one period throughout that whole essay. not even at the end, wow.

Anonymous said...

Some people are so jealous of what the next man has.JayZ is a wealthy man and people seem mad because of it. Now he's losing money how would anyone know this?

Anonymous said...

Kanye said it was delicious on drink champs. I knew immediately it tasted nasty..

Anonymous said...

Come to think of it, when was the last time Jay or Bey had a hit?????? Time for OTR501145

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