Jay Z’s empire just keeps on growing!
A new company led by Jay has just acquired Armand de Brignac Chapmagne from Sovereign Brands.
“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,” Sovereign Brands said in a statement.
Yvonne Lardner, global director of brand communications for Sovereign, added:
“We have had a wonderful relationship with Jay Z throughout the years since he first discovered Armand de Brignac. He became interested in owning the brand and made us an offer we simply couldn’t refuse.”
Armand de Brignac, better known as Ace of Spades is a fixture in high-end nightclubs.
A bottle of Armand de Brignac Brut Gold retails for $300. A 30-liter bottle, which weighs 100 pounds and is equivalent to 40 regular bottles, can sell for over $200,000. Details of Jay’s deal haven’t been disclosed, but we can only assume he dropped some MAJOR cash.
[via The New York Times]
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