Report
Jay-Z’s MarcyPen reportedly nears deal for LVMH’s Fenty Beauty stake
Puck reports the deal would give MarcyPen Capital Partners LVMH’s 50 percent stake in Rihanna’s beauty brand.
TLDR
Puck reports Jay-Z’s MarcyPen Capital Partners is close to a deal to buy LVMH’s 50 percent stake in Rihanna’s Fenty Beauty. LVMH had said a year earlier that it would explore selling the stake.
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