Jay Z buys stake in Armand de Brignac Champagne

news  %tages Jay Z buys stake in Armand de Brignac Champagne

Hip hop star Jay Z has bought a stake in the Armand de Brignac Champagne brand, but the organize of the deal is unclear.

New York-based drinks group Sovereign Brands said Jay Z has ‘bought its interest in Armand de Brignac’, nearly a decade after referencing the highly priced Champagne brand in his composition and seeing it become a nightclub favourite.Nicknamed ‘Ace of Spades’, the Champagne comes in gleaming, metallic gold bottles. A single bottle of non-vintage brut was on sale at Selfridges in the UK for £300. A fee for the deal was not told and several additional details wait block out. A further statement by Sovereign’s global spokesperson for Armand de Brignac, UK-based Yvonne Lardner, said Jay Z showed interest in owning the Champagne mark and made an offer that Sovereign couldn’t turn down.Decanter.com queries to the parties involved have so far disastrous to ascertain whether Jay Z http://1000-facts-about-wine.com has become the 100% owner of the brand.Sovereign, owned by the Berish family, said ‘a new companionship led by Shawn ‘Jay Z’ Carter’ had been used for the deal. The new companionship was not named. Armand de Brignac is produced by the Cattier family in Chigny-les-Roses, Champagne. But it was not immediately apparent what, if any, financial stake Cattier subdue has in the brand name.Sovereign said it would now focus on its Luc Belaire sparkling wine brand from Provence, France. Luc Belaire Rose has been talked up by US rapper Rick Ross.

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