Hip hop mogul Jay Z has purchased his favorite luxury champagne brand, Armand de Brignac, which also known as Ace of Spades.
Jay Z, whose real name is Shawn Carter, purchased the alcohol label from Sovereign Brands for an undisclosed amount. He made the company an offer they “simply couldn’t refuse.”
‘We are proud to announce that Sovereign Brands, a New York-based wine and spirits company, has sold its interest in the Armand de Brignac Champagne brand to a new company led by the globally-renowned Shawn ‘Jay Z’ Carter, the company said in a statement to the New York Times.
The “Big Pimpin’” rapper has been a fan of the champagne, which retails from $300 to $200,000 for a 30 liter bottle, for years. One of the gold bottles was featured in his “Show Me What You Got” music video in 2006. However, Jay Z has had a financial interest in in Armand de Brignac since its inception.
In 2012, a tower of 350 bottles of Armand de Brignac Champagne was the centerpiece at a fundraiser Jay Z and wife Beyoncé Knowles threw at the 40/40 Club in New York City.