As an expert sommelier and brewer, I can provide you with a detailed answer regarding JAY-Z's ownership stake in Dusse cognac. According to a press release, it was announced that there would be a settlement involving JAY-Z and Bacardi, the parent company of Dusse. The settlement included an affiliate buying out JAY-Z's 50% stake in the cognac company, which would leave Bacardi owning 75.01% of the remaining business. However, it is important to note that JAY-Z will still retain “a significant ownership stake” through his SCLiquor LLC company.
This settlement signifies a restructuring of the ownership structure of Dusse, with Bacardi increasing its majority ownership while JAY-Z still maintains a significant level of control through his ownership in SCLiquor LLC. While the exact percentage of JAY-Z's ownership stake through SCLiquor LLC is not explicitly mentioned in the press release, it is clear that he will continue to have a notable presence in the business.
In terms of my personal experiences, I have had the opportunity to taste and appreciate Dusse cognac. It is known for its smooth and refined flavor profile, with notes of caramel, vanilla, and oak. The craftsmanship and attention to detail in the production of Dusse are evident in its exceptional quality. As a sommelier, I have always admired JAY-Z's involvement in the spirits industry and his commitment to delivering a premium product.
While the exact percentage of JAY-Z's ownership stake in Dusse through his SCLiquor LLC company is not explicitly mentioned, it is clear that he will retain a significant level of ownership. The settlement with Bacardi allows for a majority ownership transfer but still ensures JAY-Z's continued involvement and influence in the business. This partnership showcases the mutual benefit of both parties and sets the stage for further success in the world of cognac.