Jay Z has purchased Armand de Brignac Champagne through a newly formed company according to the New York Times.
After years of including references to the brand that carries an “Ace Of Spades” logo on its bottle in his lyrics, Jay Z acquired the company from Sovereign Brands, a wine and spirits corporation that debuted Armand de Brignac Champagne in 2006 together with the family-owned house Cattier.
“We are proud to announce that Sovereign Brands, a New York-based wine and spirits company owned by the Berish family, has sold its interest in the Armand de Brignac (‘Ace of Spades’) Champagne brand to a new company led by the globally renowned Shawn ‘Jay Z’ Carter,” the company said in a statement.
The head of communications for Sovereign Brands hinted that the rapper initiated the deal with his offer. “We have had a wonderful relationship with Jay Z throughout the years since he first discovered Armand de Brignac,” Yvonne Lardner said. “He became interested in owning the brand and made us an offer we simply couldn’t refuse.”
Information from The New York Times and Hiphopdx.com contributed to this report.
