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Jay Z gets into the booze business with a champagne deal

on 07/11/14 at 11:23 am

Booze News

jay-z-ace-of-spadesThe rapper has purchased a stake in the Armand de Brignac brand.

Rapper and entrepreneur Shawn “Jay Z” Carter has acquired a stake in a champagne brand that sells for $300 a pop, becoming the latest celebrity to enter the profitable and trendy business of alcoholic beverages.

Jay Z has bought a stake in the Armand de Brignac brand, an interest that was sold by New York-based wine and spirits company Sovereign Brands. Terms of the deal weren’t disclosed.

The rapper’s relationship with Armand de Brignac has existed since at least 2009, when a bottle of the champagne was featured in the “Show Me What You Got” music video.