JAY-Z's MarcyPen Reportedly Closes In on LVMH's 50% Stake in Rihanna's Fenty Beauty
SummaryMarcyPen Capital Partners, the investment firm co-founded by JAY-Z, is reportedly nearing a deal to buy LVMH's 50 percent stake in Fenty BeautyA source close to the transaction indicated it could be signed within three to four weeks, though financial terms have not been disclosedThe firm already has a track record with Rihanna's businesses, having backed Savage X Fenty in earlier funding roundsRihanna's Fenty Beauty may soon have a new co-owner. MarcyPen Capital Partners, the investment f...
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