Jay-Z's MarcyPen emerges as frontrunner to buy LVMH's $1 billion stake in Fenty Beauty
Billionaires Africa | 10.06.2026 21:56
MarcyPen Capital Partners, the investment firm backed by Jay-Z, has emerged as the leading contender to acquire luxury conglomerate LVMH's 50 percent stake in Fenty Beauty, the cosmetics brand Rihanna launched with the French group in 2017 and built into one of the most commercially significant beauty businesses of the past decade, according to sources familiar with the matter cited by Beauty Independent.
