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H.E.R Joins Jay-Z as Investor in Black-Owned Vegan Cookie Company, Partake Foods

Last year Partake Foods, a Black-owned vegan cookie company, landed rap legend and business mogul, Jay-Z, as a prime investor . This year Partake has secured yet another star investor, singer H.E.R. According to Black Enterprise , the popular songstress invested an undisclosed amount in the gluten-free company’s new funding round. “We are so excited to welcome our new investors,” said Denise Woodard, Partake’s CEO and founder, in a statement according to Black Enterprise. “As a fan of H.E.R’s music, I also admire how she supports Black-owned businesses and uses her platform to fight for an end to systemic racism. We look forward to having her on board.” H.E.R’s investment is backed by her love of the company’s brand values and story. “Not only are the products delicious, but I love the story and inclusive values behind the brand. I am excited to partner with Partake, and help to grow and support their business,” H.E.R. said. Woodard admits that the growth of the Black Lives Matter...

Jun 29, 2020

5 Lessons Jay-Z and Beyoncé Have Taught Entrepreneurs on Negotiating a Deal

Jay-Z and Beyoncé are masters at making power moves when negotiating business deals. According to Forbes , the power couple’s combined net worth is estimated at $1.4 billion. In the age of technology, streaming, and digital downloads, Beyoncé and Jay-Z have not only been able to adapt to the way the world buys music, but they’ve also skillfully used their influence to create lucrative business deals. Their business savvy speaks volumes and their net worth is proof. Here are some points behind some of the duo’s business deals: Don’t Overlook Second Best Jay-Z has a thing for partnering with companies that are extremely well-known, but don’t quite hold the number one position in their respective fields. For example, in 2003, Jay-Z made history with a Reebok deal. His signature shoe, the “S. Cater,” collection ended up being the fastest-selling shoe in Reebok history. He also promoted his autobiography, “Decode,” via Bing in 2010. Then in 2013, Jay-Z released his 12th studio album,...

Feb 14, 2020

Black Celebs Dominating the Booze Business Ranked By Bottle Price

Whether you’re inviting the crew over to turn up on a Friday night or have opted for a quiet night in, alcohol of some sort is most likely in the equation. As stars continue to scale their personal brands, booze has become the go-to entrepreneurial endeavor for many. U.S. alcohol sales rake in about $90 billion annually, and these celebs are getting in on the action. From wine lovers to fine cognac consumers, these celeb-backed alcohol brands are sure to make their way into your cabinets. Jay Z’s Armand de Brignac “Ace Of Spades” Champagne — $300   View this post on Instagram   One for the books. #THEBRUNCH #ArmandDeBrignac A post shared by Armand De Brignac Champagne (@armanddebrignac) on Jan 26, 2020 at 9:05am PST Jay-Z was named hip hop’s first billionaire by Forbes in 2019, and much of his net worth can be attributed to his Ace of Spades brand. The Takeout reports that Jay-Z makes nearly five times more from his champagne than music with the brand generating $310 million . He...

Feb 6, 2020