It looks like Jay Z is trying to make a run for Dr. Dre’s throne. Hov just purchased the company that produces Armand de Brignac, also known as Ace of Spades champagne. A bottle of the expensive bubbly retails for around $300.
The rapper acquired the brand from New York-based Sovereign Brands, which announced the sale this week.
“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.
Just how much Jigga paid for the brand is unknown, but a spokesperson for Sovereign told the New York Times the rapper “made us an offer we simply couldn’t refuse.”
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