Bazooka’s management is also considering developing a line of candy gummies with Metcalf.

It’s rare for LVMH to divest any of the brands in its portfolio, one of the last being in 2016 when it agreed to sell Donna Karan and DKNY.

The firm allegedly set up a web of sham trusts to hold a portfolio of stranger-originated life insurance policies worth roughly $20 billion.

A deal between the two companies would follow other consolidation in the sector, prompted by the high capital outlays required to build satellites and send them to space.

Carlyle completed its purchase of StandardAero from Veritas Capital in 2019.