US EditionLVMH explores sale of its 50% stake in Rihanna-backed Fenty Beauty, sources say
LVMH is working with Evercore to potentially sell its half stake in Fenty Beauty, which generated approximately $450 million in net sales in 2024, sources said.
- Luxury goods giant LVMH is exploring a sale of its 50% stake in Fenty Beauty, which it co-owns with Rihanna, people familiar with the matter said.
- Robyn Rihanna Fenty launched Fenty Beauty with Kendo Brands' support, creating the line to serve Black, Hispanic and Asian women and broader skin tones, company founders say.
- Fenty Beauty generated around $450 million of net sales and could be valued between $1 billion to $2 billion, with products sold in Sephora and on Amazon.
- LVMH is working with investment bank Evercore to run the confidential sale process, three of the people said; both LVMH and Evercore declined to comment, and Fenty Beauty and Robyn Rihanna Fenty representatives did not immediately respond.
- In the wider beauty market, Elf Beauty bought Hailey Bieber's company Rhode for $1 billion earlier this year, illustrating active deals in the beauty sector.
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Louis Vuitoon DIVESTS From Rihanna's FENTY ... Business In Trouble!
BREAKING: LVMH Looking To Sell Its 50% Stake In Rihanna’s Fenty Beauty — And Her Business Empire May Be Feeling The Pressure Rihanna’s billion-dollar business world might be heading for some turbulence. Media Take Out has learned that luxury powerhouse Louis Vuitton Moët Hennessy (LVMH) — the global giant behind Dior, Fendi, and Louis Vuitton — is planning to sell its 50% ownership stake in Rihanna’s Fenty Beauty brand. According to insiders, LV…
LVMH in talks to sell its 50% stake in Rihanna-backed Fenty Beauty
LVMH is exploring a sale of its 50% stake in Fenty Beauty, co-owned with Rihanna. The company has been working with investment bank Evercore for the sale, which could value Fenty Beauty between $1 billion and $2 billion, having generated around $450 million in net sales in 2024.
LVMH explores sale of its 50% stake in Rihanna-backed Fenty Beauty, sources say
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.
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