Jay Z gets into the high end champagne business with the acquisition of Ace of Spades…
In a statement to media on Wednesday Sovereign Brands announced,
“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.”Terms of deal were not disclosed.
