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LVMH sells SirDavis shares to Beyoncé
['Fiona Holland', 'July', 'Min Read']
Yahoo Finance
LVMH has offloaded its stake in US whiskey brand SirDavis to Beyoncé Knowles-Carter, giving the singer full ownership of the business.
SirDavis was set up as a US-based joint venture between LVMH's wine and spirits unit Moët Hennessy and Knowles-Carter in 2024.
The brand added: "As a proven force in the world of luxury spirits, SirDavis will continue to re-define the future of American whisky."
SirDavis also said in its statement that the brand has had "a nearly four-year transformative collaboration though creation, development and launch".
"LVMH sells SirDavis shares to Beyoncé" was originally created and published by Just Drinks, a GlobalData owned brand.