Now Rihanna's business partners LVMH are exploring a sale for their 50% stake in Fenty Beauty...
From CNBC
Luxury goods giant LVMH is exploring a sale of its 50% stake in Fenty Beauty, which it co-owns with Grammy Award-winning singer and entrepreneur Rihanna, according to 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.
In 2017, Rihanna, whose full name is Robyn Rihanna Fenty, launched Fenty Beauty with the help of Kendo Brands, LVMH’s in-house beauty incubator. She and LVMH each own half of the company, sources said.
LVMH and Evercore declined to comment. Fenty Beauty and representatives for Rihanna did not immediately return requests for comment.
6 comments:
Girl, just bang out one album with your husband Rocky and this would change overnight! Dat woman Taylor bangs out an album every thirty days that no one asks for...
Rih made her millions and probably doesn't care about lagging sales. She popped them out in succession because she wants to focus on raising her babies.
I work at TJ Maxx and been seeing her hair and skin line in the store. Can't front, her stuff is amazing.
Shee should have sold this business during the pandemic. $400,000 loss and counting...
@2:05 not to mentioned her net worth will drop tremendously when the 50% stake holder cut their losses she is only a billionaire when she was able to claim the entire business value. Even thigh she only had 50% shares
No worries Riri fans. Halloween makeup works the same and cheaper. LOLO
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