LVMH (LVMUY) is considering a sale of its 50% stake in Fenty Beauty, which it co-owns with Grammy Award-winning singer and entrepreneur Rihanna, Reuters’ Abigail Summerville reports, citing four people familiar with the matter. The company is working with investment bank Evercore on the sale, three of the people said. All four asked not to be identified because the process is confidential, the author noted.
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