A Toast For Jay-Z….with Armand De Brignac Of Course

It looks like the multi-platform mogul has decided to now extend his empire to luxury champagne brand Armand De Brignac.  Since it’s debut in  Jay’s “Show Me What You Got” video, the brand has long been associated with the Brooklyn rapper.

And now he can really toast “All of this Ace of Spades I drink just to piss out”...for profit.

Known mostly as “Ace of Spades,” details for Jay-Z’s buy in on Wednesday, Nov. 5 were kind of murky.According to the New York Post, “Jay-Z specifically bought the interest in Armand de Brignac held by Sovereign Brands, a New York-based wine and spirits company owned by the Berish family, after submitting an offer a Sovereign spokeswoman said ‘we simply couldn’t refuse’.”

Jay’s bio author Zack O’Malley Greenburg has stated in his book that wholesale price for the bottle is at a whopping $225, but production cost is only $13……and if you couldn’t calculate that fast enough that’s a 94% margin profit. 

It definitely looks like this is a win-win situation for Hova….he’ll be raking in $4 million with this deal. In the words of the legend: Boy, I’m drinking, get my brain right, Armand de Brignac…” Definitely has his brand right. Toasts!

Check out Jay-Z’s “Who Me What You Got” Below

 

@amalia_monroy