Jay Z likes his champagne, buys the company

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.



Music mogul Jay Z has purchased what could be described as the flashiest champagne company in the world — Armand de Brignac.

The Armand de Brignac champagne company — which sells its shiny gold bottles for about $300 each — has long been favored by the rap artist and was featured prominently in one of his music videos back in 2006.

He’s often seen in pictures sipping the drink with his wife Beyonce Knowles, and the couple famously hosted a fundraiser for President Obama that featured a wall lined with hundreds of Armand de Brignac bottles.

The owner of the brand — New York-based Sovereign Brands — confirmed the sale this week. The price of the deal was not disclosed.

The champagne — also called “Ace of Spades” — is crafted and marketed by a family-run vineyard in France that traces its roots back to 1763. The company employs fewer than 20 people.

Jay Z used to be a massive fan of Cristal, but that changed in 2006 when The Economist published disparaging comments from the head of the company that makes the champagne, Frederic Rouzaud.

“What can we do? We can’t forbid people from buying it,” Rouzaud told The Economist, when asked if hip-hop artists were tarnishing the high-end brand.

When Jay Z heard of the comments, he immediately stopped sipping Cristal and quickly switched to Armand de Brignac.

“We used their brand as a signifier of luxury and they got free advertising and credibility every time we mentioned it,” he wrote in his 2010 book “Decoded.” “We were trading cachet. But they didn’t see it that way.”

Related: The favorite brands among hip-hop legends

The 44-year-old New Yorker, born Shawn Carter, rose to fame through his music and now has business interests in fashion, entertainment and sports.

Forbes ranks him among the most powerful celebrities in the world, alongside Oprah Winfrey and LeBron James. But his wife Beyonce tops the Forbes ranking and was recently named the top-earning woman in the music industry after making $115 million in 2014.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

1 Comment

  • Enjoy yo champagne

    This news should be at the top of the Google search engine, not 5 links down, because we are near christmas and everyone needs to find those kinds of links quickly, cus its the festive season.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.