After rapping about Ace of Spades more than 5 years ago, Jay Z has decided to acquire the company.
The hip-hop mogul acquired the luxury champagne brand, nicknamed Ace of Spades, from Sovereign Brands, it was announced today.
“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.
A bottle of Armand de Brignac Brut Gold sells for $300. A 30-liter bottle, which is equivalent to 40 regular bottles, retails for over $200,000.
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