JAY-Z Looking To Sell D'USSÉ Stake To Bacardi

  • JAY-Z apparently wants to sell his D'USSÉ portion to Barcardi, his 50/50 cognac brand partner but believes the spirits giant is lowballing him.
  • Hov's SC Liquor firm sued Bacardi over financial transparency issues, requesting the company reveal its books and documents. New records acquired by TMZ suggest JAY-Z and SC Liquor exercised their buyout right a year ago, and Bacardi was forced to negotiate a fair price in good faith.
  • SC Liquor claims Bacardi's subsidiary, Empire Investments Inc., is stalling efforts to value D'USSÉ and JAY-Z feels Bacardi mismanages the cognac line to cut profits.
  • Bacardi's assessment of D'USSÉ is "far below" what Hov and co. think it's worth, according to the docs. It's worth over $100 million. In 2012, JAY-Z and Bacardi introduced D'USSÉ. The Marcy Projects mogul has promoted the brand in his songs and notably drank cognac from a Grammy after winning two wins in 2013.

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