Jay-Z Buys Ace of Spades
Black Enterprise Magazine January-March 2019 Issue

According to the NY Post, Shawn Corey Carter aka Jay-Z, is now the owner of the Ace of Spades luxury champagne label. Jay-Z became a fan of the champagne years ago when it was revealed Louis Roederer Cristal didn’t want its brand to be associated with hip-hop.

“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,” Sovereign said in a statement.

In 2012, Jay-Z and Beyonce had a custom-designed 18-foot-tall tower of the champagne served at a fundraiser for President Obama at his 40/40 nightclub.

BIG CED, co-founder and owner of TheIndustryCosign.com, has created a strong community on the web that caters to all facets of the entertainment industry. While some may know him for being an excellent journalist, he is truly known for always speaking his mind. Nevertheless, BIG CED is definitely an influential force in the world of entertainment.

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