Rihanna, LVMH suspend Fenty’s ready-to-wear operations

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    Rihanna, LVMH suspend Fenty’s ready-to-wear operations
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    Pic: Fenty


    LVMH Mot Hennessy Louis Vuitton, the world’s largest luxurious group, lately placed on maintain pop star Rihanna’s Fenty vogue assortment launched in Could 2019. “Rihanna and LVMH have collectively made the choice to placed on maintain the ready-to-wear exercise, based mostly in Europe, pending higher circumstances,” the French luxurious conglomerate stated in an announcement to a information company.

    Rihanna grew to become the primary black lady to move a luxurious home with LVMH, which owns such labels as Christian Dior, Givenchy and Louis Vuitton.

    LVMH stated that the Paris-based firm and Rihanna will focus their efforts on the expansion and long-term improvement of Fenty on cosmetics, skincare and lingerie.

    L Catterton, the non-public fairness fund backed by LVMH founder and billionaire Bernard Arnault, in the meantime, led a $115 milion sequence B funding together with different traders into Savage X Fenty, Rihanna’s lingerie model.

    The funds will assist energy the innerwear enterprise’s subsequent section of progress and allow its retail growth after it skilled an explosive rise in income previously yr, LVMH stated. The objective is to help ‘the Fenty ecosystem specializing in lingerie, cosmetics and skincare’, the LVMH assertion stated.

    Fibre2Fashion Information Desk (DS)

    LVMH Mot Hennessy Louis Vuitton, the world’s largest luxurious group, lately placed on maintain pop star Rihanna’s Fenty vogue assortment launched in Could 2019. “Rihanna and LVMH have collectively made the choice to placed on maintain the ready-to-wear exercise, based mostly in Europe, pending higher circumstances,” the French luxurious conglomerate stated in an announcement to a information company.


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