Jay-Z-backed MarcyPen Capital Partners is the leading candidate to purchase Louis Vuitton Moët Hennessy’s (LVMH) 50% stake in Fenty Beauty. The acquisition would make Marcy Pen a co-owner of the beauty brand alongside Rihanna, according to Global Cosmetics News. MarcyPen eyeing up Fenty Beauty LVMH has allegedly kept investment bank Evercore to explore options for its ownership stake in Fenty Beauty. The beauty brand generated around S$450 million in net sales in 2024, with a valuation between US$1 billion and US$2 billion. MarcyPen, who currently manages around S$1.1 billion in