Jay Z has acquired champagne brand Armand de Brignac which is a luxury champagne brand. The New York Times is reporting that Jay-owned Sovereign Brands has acquired the brand of bubbly and added this statement. “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 Champagne brand to a new company led by the globally renowned Shawn ‘Jay Z’ Carter.”