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Which Rapper Owns Hennessy?

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Jas Hennessy & Co., also known as Hennessy, is a cognac manufacturer with its main office in Cognac, France.

Along with Martell, Courvoisier, and Rémy Martin, it is one of the “big four” cognac firms, which together produce around 85% of the world’s cognac.

The world’s largest cognac maker, Hennessy sells around 70 million bottles of its liquor annually and, in 2017, its sales accounted for almost 60% of the US cognac market. The business not only distills cognac Eaux-de-vie but also serves as a broker.

Mot Hennessy, which is owned by LVMH (66%), and Diageo (34%), which serves as a non-controlling shareholder, is the company that owns the brand.

Hennessy established a number of cognac industry best practices, and due to its reputation for luxury, it is frequently used as a point of reference in pop culture, particularly in hip-hop.

The bulk of the cognac consumed in the United States is consumed by African Americans, who make up a sizable portion of the Hennessy customer base.

Which Rapper Owns Hennessy?

Jay-Z owns 50% of the upscale Champagne brand Armand de Brignac, which Moët Hennessy Louis Vuitton purchased. The agreement’s terms weren’t made public.

Source: Vimbuzz.com

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