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Jay Z acquires Armand de Brignac Champagne

French champagne brand, Armand de Brignac has been acquired by American rapper Shawn Carter, aka, Jay Z.

Identifiable by the distinctive pewter Ace of Spades insignias on the paperless bottle, Armand de Brignac retails for around US$300, and is made by a staff of just eight people at the Cattier family house which was established in 1763 in Chigny-les-Roses, France.

 “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 wrote in a statement.

Sovereign Brands has not released the financial details of the transaction.

 

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