In a recent statement to media Sovereign Brands proudly announced they sold its interest to a new company led by the infamous mogul Jay-Z:
“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.”
Terms of deal were not disclosed.
(Source: Rhymes with Snitch)
