February article highlights: Champagne deals, working from home and female leadership

Jay Z rarely misses. Whilst Champagne sales have fallen dramatically in 2020, Armand de Brignac sold over 500,000 bottles in 2019. With economies slowly opening up this is a high profile and obvious move for the LMGH group’s Moet Hennessy. Jay Z has sold 50% of his business at a price that is currently undisclosed. 

LVMH reported revenues of €44.7bn in 2020 and is home to 75 luxury houses across 6 different industries and this deal fits seamlessly into their growing portfolio which includes the likes of Louis Vuitton, Givenchy in fashion and Moet Hennessy in wine and champagne. This is unlikely to be the only major deal that Jay Z is party to this year with Oatly, another business he holds a stake in reportedly targeting a $10bn IPO later this year.