JAY-Z’s MarcyPen Capital Partners Looking To Buy LVMH’s Stake In Fenty Beauty

According to AFROTECH, MarcyPen Capital Partners is among the firms exploring a acquisition of LVMH's 50% ownership involvement successful the quality marque launched successful 2017 done a concern betwixt Rihanna and Kendo Brands, LVMH's quality incubator. Fenty Beauty rapidly disrupted the cosmetics manufacture with its inclusive attack to beauty, peculiarly its expansive instauration shadiness scope that catered to dark-skinned Black women often overlooked by accepted quality brands. Today, the institution is reportedly valued betwixt $1 cardinal and $2 billion, according to Reuters.

The imaginable acquisition comes months aft reports surfaced that LVMH had retained concern slope Evercore to research strategical options for its ownership involvement successful the company, which generated astir $450 cardinal successful nett income successful 2024. AFROTECH reports that MarcyPen is evaluating respective financing structures and has held discussions with extracurricular investors regarding a imaginable transaction.

The steadfast was created done the merger of JAY-Z's Marcy Venture Partners and Black-owned concern level Pendulum Opportunities, forming a task superior steadfast focused connected growth-stage user businesses. Before the merger, Marcy Venture Partners participated successful backing rounds for Savage X Fenty, Rihanna's lingerie company, successful some 2019 and 2022. If completed, the woody would spot ownership of Fenty Beauty successful the hands of Rihanna and a steadfast backed by the hip-hop billionaire, creating a almighty confederation betwixt 2 of the astir palmy figures successful amusement and business.

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