Fashion
LVMH explores sale of its 50% stake in Rihanna-backed Fenty Beauty, sources say
By
Reuters
Published
October 21, 2025
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.
Fenty Beauty, which generated around $450 million of net sales in 2024, could be valued at somewhere between $1 billion to $2 billion, two of the people said.
Barbados-born Rihanna, who also owns lingerie brand Savage X Fenty, started Fenty Beauty to create a makeup line that works for a wider range of skin tones and types, including Black, Hispanic and Asian women. The products, which include makeup, skincare, haircare and fragrance, are sold in Sephora and on Amazon.
Elf Beauty bought Hailey Bieber’s company Rhode for $1 billion earlier this year.
© Thomson Reuters 2025 All rights reserved.
South India’s cotton yarn market stayed subdued, with prices steady in Mumbai and Tiruppur as summer demand arrived late.
Traders expect buying to improve in January, though cheaper polyester may divert some demand.
Spinning mills face pressure to offer deeper discounts.
Gujarat cotton prices climbed due to strong CCI procurement, tightening supply.
Source link
Yan and Van’s wins at UFC 323 throw kinks into the MMA timeline
Gaza truce incomplete without ‘full withdrawal’ by Israel: Qatar
Redcar Area Foodbank running reverse advent calendar
-
Tech7 days agoGet Your Steps In From Your Home Office With This Walking Pad—On Sale This Week
-
Sports6 days agoIndia Triumphs Over South Africa in First ODI Thanks to Kohli’s Heroics – SUCH TV
-
Entertainment6 days agoSadie Sink talks about the future of Max in ‘Stranger Things’
-
Fashion6 days agoResults are in: US Black Friday store visits down, e-visits up, apparel shines
-
Politics6 days agoElon Musk reveals partner’s half-Indian roots, son’s middle name ‘Sekhar’
-
Tech6 days agoPrague’s City Center Sparkles, Buzzes, and Burns at the Signal Festival
-
Sports6 days agoBroncos secure thrilling OT victory over Commanders behind clutch performances
-
Business6 days agoKey Financial Deadlines That Have Been Extended For December 2025; Know The Last Date