Jay-Z Buys 'Ace of Spades' Champagne Company

November 6, 2014 3:15 AM

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is expanding his business. The rap superstar, who ventures in a record label and talent agency business among others, has just bought stake in Armand de Brignac champagne line owned by Sovereign Brands. The financial terms, however, were not disclosed.

"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," the company said in a statement...

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