Jay Z really loves his Armand de Brignac champagne. Better known as Ace of Spades, the brand has had Jay for an ambassador of sorts, as he has been promoting it for at least a decade now.
And it seems the time for a business deal has come. In a statement, which was released earlier today, Sovereign Brands announced that Jay Z has actually purchased his favorite premium product for an undisclosed amount.
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 statement read.