Jay Z buys luxury Champagne label 'Ace of Spades'

Rapper and businessman Jay Z has acquired luxury champagne, Ace of Spades. In a statement to the media yesterday Wednesday November 5th, Sovereign Brands announced,

"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.”