Jay-Z sells 50% of Armand de Brignac (Ace of Spades) to LVMH 🍾🍾
Feb 24, 2021
A gross profit margin of 95% can really help to transform a business. This shows how much money you make compared to the cost of the product that you are selling. A higher profit margin is always better because it will tell us if we have enough cash to cover other expenses in our businesses. The average gross profit margin in the alcoholic beverage industry is 53.51%. Ace of Spades, with their 95% margin, is well-positioned to stay in business for a very long time.