Moet Hennessy buys 50% stake in Jay-Z’s Champagne brand

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Moet Hennessy is acquiring a 50% stake in rapper and entrepreneur Jay-Z’s Champagne brand in an effort to up its cool factor and expand distribution.

Terms of the deal, which was announced Monday, weren’t released.

Armand de Brignac, known familiarly as Ace of Spades because of its distinctive label, is …