In a statement released earlier today, Sovereign Brands revealed that Hov has purchased Armand de Brignac for an undisclosed amount.
“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,” says Sovereign Brands.
Yvonne Lardner, global director of brand communications for Sovereign, added in an emailed statement: “We have had a wonderful relationship with Jay Z throughout the years since he first discovered Armand de Brignac. He became interested in owning the brand and made us an offer we simply couldn’t refuse.”
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