Never seen greed like this
JAY-Z'S MARCYPEN CAPITAL IN TALKS TO BUY LVMH'S 50% STAKE IN FENTY BEAUTY
Jay-Z’s MarcyPen Capital Partners, has emerged as a leading contender to acquire LVMH's 50% stake in Fenty Beauty, per reports from Beauty Independent.
LVMH began exploring the sale last October with Evercore. The luxury house holds its Fenty Beauty stake through Kendo Brands, its beauty incubator.
Fenty Beauty reported net sales of approximately $450-600M in 2024, with $600M projected for 2025. The brand is valued somewhere in the $1B-$2.5B range.
MarcyPen has $1.1B in AUM and is already in Rihanna's orbit: the firm's predecessor, Marcy Venture Partners, had participated in Savage X Fenty funding rounds.