Report
MarcyPen reportedly nears deal to buy LVMH’s 50% stake in Fenty Beauty
Puck reports a source close to the deal said it could be signed within three to four weeks of September 30.
TLDR
Puck reports MarcyPen Capital Partners, co-founded by Jay-Z, is nearing a deal to buy LVMH’s 50% stake in Rihanna’s Fenty Beauty. A source close to the deal told Puck on September 30 that the transaction could be signed within three to four weeks. Terms were not disclosed, and MarcyPen did not respond to a request for comment.
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