Entertainment

Jay Z Buys ‘Ace of Spades’ Luxury Champagne Label

Published

9 years ago

November 6, 2014

In this May 1, 2013 file photo, Jay-Z arrives at "The Great Gatsby" world premiere in New York Citys Avery Fisher Hall. In a statement posted on his website on Friday, Nov. 15, 2013, the entertainer said that hes planning to move forward with his scheduled collaboration with Barneys New York despite allegations that black shoppers had been racially profiled at the high-end retailer. The posting went on to state that he agreed to the launch of his BNY SCC collection under the condition he could serve on a newly-created council convened by the store to deal with racial profiling. (Photo by Evan Agostini/Invision/AP, File)

In this May 1, 2013 file photo, Jay-Z arrives at “The Great Gatsby” world premiere in New York Citys Avery Fisher Hall. (Evan Agostini/Invision/AP)

(New York Post) – Jay-Z has a few million reasons to toast.

The rap impresario has long been associated with Armand de Brignac — the Champagne known as “Ace of Spades,’’ due to its distinctive insignia — and now he owns it.

Or at least he owns an indeterminate chunk of the brand produced by Champagne Cattier, a French vintner since 1763, as details released on the deal on Wednesday were murky.

Jay-Z specifically bought the interest in Armand de Brignac held by Sovereign Brands, a New York-based wine and spirits company owned by the Berish family, after submitting an offer a Sovereign spokeswoman said “we simply couldn’t refuse.”

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