MarcyPen Capital Partners, the investment firm co-founded by Shawn “JAY-Z” Carter, is leading the charge to acquire LVMH’s 50% stake in Rihanna’s Fenty Beauty. If this deal goes through, it would hand ownership of the globally influential cosmetics brand to Rihanna and a firm led by one of the most powerful figures in entertainment and […]
LVMH is exploring a sale of its 50% holding in Fenty Beauty, the cosmetics brand it co-founded with Rihanna in 2017, according to people familiar with the matter. The luxury group has tapped investment bank Evercore to gauge interest in a potential deal, which remains confidential, Reuters reported. Neither LVMH, Evercore nor Rihanna has publicly […]