Jay-Z says Bacardi is trying to pay him less than Cognac D’Usse brand as he calls for scrutiny

Jay-Z says Bacardi is trying to pay him less for D’Usse brand of cognac…while calling for an audit of the company

  • The 52-year-old mogul sued the major spirits company because he wants to know how much his alcohol line is producing because they are 50/50 partners
  • TMZ Hip Hop obtained documents on Tuesday that show his SC liquor company has demanded financial clarity when it comes to D’Usse
  • SC Liquor, Jay-Z Company, requests all books and financial records as well as the locations of all warehouses stocking barrels, bottles and accessories of the brand of cognac
  • They also want all relevant information regarding Bacardi physical inventory as well as the inventory process
  • It remains unclear why Jay-Z and his associates are pushing this process forward, but there is clearly a lack of trust in the working partnership.
  • SC Liquor says it needs to “monitor behaviour [Bacardi’s] Business to protect the rights of SC as a “partner in the company
  • Jay-Z and Bacardi have had a partnership at D’Usse since 2012

Jay-Z is looking to sell a share of high-end cognac brand D’Ussé, and says Bacardi is trying to cut it from total sales.

The rapper, 52, has filed a court order to see Bacardi’s numbers on her D’Ussé brand, TMZ It was reported after reviewing court documents in the case.

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The partnership between the rapper and the liquor brand, in place since 2012, is supposed to be 50 percent each.

Taking a stand: Jay-Z (seen October 2021) looks to sell a stake in luxury cognac brand D’Ussé, says Bacardi is trying to cut him in gross sales in new legal documents

Jay-Z, through his company SC Liquor, sought to exercise the acquisition clause with Bacardi, which contractually provides for “negotiating in good faith” the final total, according to his legal team.

Representatives for Jay-Z said the company associated with Bacardi, Empire Investments Inc. , was stalling and hampering the rapper’s efforts to obtain accurate financial totals for D’Ussé.

Jay-Z has said through his legal team that he feels Bacardi intentionally mismanaged aspects of its business in an effort to hold back profits ahead of a potential purchase.

While both ratings have been revised in legal documents, TMZ reported, Jay-Z said Bacardi’s estimate was “significantly below” a reasonable overall.

Giant: 52-year-old mogul sued Bacardi because he wants to know how much their alcohol line is produced because they are 50/50 partners

Giant: 52-year-old mogul sued Bacardi because he wants to know how much their alcohol line is produced because they are 50/50 partners

The rapper is asking the court to compel Bacardi to comprehensively disclose her finances in relation to D’Ussé, because he wants “financial clarity” regarding his luxury brand D’Usse cognac.

TMZ Hip Hop He obtained documents on Tuesday showing that his SC liquor company has demanded financial clarity when it comes to D’Usse.

According to the site, Jay-Z orders all books and financial records as well as the locations of all warehouses that stock casks, bottles and accessories for the brand’s cognac.

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They also want all relevant information regarding Bacardi physical inventory as well as the inventory process.

It remains unclear why Jay-Z and his associates are pushing this process forward but there is clearly a lack of trust in the working partnership.

SUBMITTED: TMZ Hip Hop obtained documents Tuesday showing that his liquor company SC has demanded financial clarity when it comes to D'Usse

SUBMITTED: TMZ Hip Hop obtained documents Tuesday showing that his liquor company SC has demanded financial clarity when it comes to D’Usse

Republic of China: According to the site, Jay-Z orders all financial books and records as well as the location of all warehouses storing barrels, bottles and accessories of the brand's cognac, photographed with his wife Beyoncé in June 2021

Republic of China: According to the site, Jay-Z orders all financial books and records as well as the location of all warehouses storing barrels, bottles and accessories of the brand’s cognac, photographed with his wife Beyoncé in June 2021

TMZ notes that one of the statements in the legal documents is very interesting as I read that SC Liquor says it needs to “monitor the behavior of [Bacardi’s] Business to protect the rights of SC as a “partner in the company.

Jay-Z and Bacardi have had a partnership at D’Usse since 2012.

He regularly checks out the brand name in his songs, and in 2014 he poured some cognac into one of his Grammys and drank it in order to promote it.

Snapshot: Jay-Z and Bacardi have had a partnership at D'Usse since 2011

Snapshot: Jay-Z and Bacardi have had a partnership at D’Usse since 2011

Meanwhile earlier this month, rapper 99 Problems appeared in an excerpt from wife Beyoncé’s celebration at Club Renaissance Paris in partnership with Tiffany & Co earlier this month.

The 41-year-old star stunned in a silver ensemble as she stood in an elevator with her husband wearing an oversized track jacket.

“CLUB RENAISSANCE Paris with partner @tiffanyandco” The Break My Soul singer wrote in the caption to her loyal audience of followers.

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Then she added hashtags, “#TiffanyAndCo #CLUBRENAISSANCE.”

Rise: Earlier this month, rapper 99 Problems appeared in excerpts from wife Beyoncé's celebration at Club Renaissance Paris in partnership with Tiffany & Co earlier this month.

Rise: Earlier this month, rapper 99 Problems appeared in excerpts from wife Beyoncé’s celebration at Club Renaissance Paris in partnership with Tiffany & Co earlier this month.

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