Jay-Z’s Investment Firm Nears Deal For 50 Percent Stake In Rihanna’s Fenty Beauty
One of Rihanna ’s biggest business partners could soon be replaced by an investment firm co-founded by Jay-Z. MarcyPen Capital Partners is reportedly nearing an agreement to purchase LVMH’s 50 percent interest in Fenty Beauty, potentially putting the firm opposite Rihanna as the cosmetics company’s other half-owner. According to Puck, the transaction could be signed within the next three to four weeks.
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Original reporting by HotNewHipHop. This page is a summary. The full story, photos, and details live at the link above.
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