It’s been dragging on for months, but representatives of music mogul Jay-Z have reached a settlement in their battle with Bacardi over the Cognac brand D’ussé.

Beyoncé’s other half instigated legal proceedings over concerns that Empire Investments Inc., a subsidiary of Bacardi, had ‘mismanaged’ the Cognac brand by failing to correctly prepare for the upsurge in demand for the drink.

After Bacardi rejected an offer from Jay-Z to buy out its stake, he then challenged the arbitration panel ruling on the matter, accusing one of being racist and another of holding a personal grudge against the Empire State of Mind star.

The overall court issue appeared to be over the true value of D’ussé, Jay-Z placing it between $3million and $5million, with Bacardi believing it was far lower. While no figures have been released on any payments made or the cost of the case, Empire Investments has agreed to buy out Jay-Z’s stake, leaving Bacardi owning 75.1 per cent of the business but Jay-Z, through SC Liquor, retains a “significant ownership stake”.

The Cognac itself comes in VSOP and XO versions, the VSOP described as “revealing a powerful bouquet, rich in woody notes that are layered with touches of cinnamon and floral notes.” It retails at around £75 (€84) for a 70cl bottle.