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LVMH explores sale of its 50% stake in Rihanna-backed Fenty Beauty, sources say

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LVMH explores sale of its 50% stake in Rihanna-backed Fenty Beauty, sources say


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Reuters

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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.

Fenty Beauty

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.



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India forms inter-ministerial group to assess export disruptions

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India forms inter-ministerial group to assess export disruptions



Amid intensifying geopolitical disruptions that are unsettling global trade routes and supply chains, the Government of India has moved to closely monitor potential risks to the country’s export ecosystem, including the textile and apparel sector. The Directorate General of Foreign Trade (DGFT) has constituted an inter-ministerial group to assess how evolving geopolitical developments could affect India’s export performance, with particular attention to supply chain continuity and critical import dependencies.

According to a notice issued by the Ministry of Commerce and Industry, the newly formed group will track global developments that may disrupt production networks, logistics flows, and trade corridors. The initiative comes at a time when escalating conflicts, shipping route uncertainties, and volatility in energy and freight markets are beginning to influence sourcing decisions across the textile value chain.

India’s move to form an inter-ministerial group signals a proactive approach to managing export risks amid rising geopolitical uncertainty.
By closely monitoring supply chains, logistics routes and critical imports, the government aims to ensure faster policy responses and protect export competitiveness, particularly for sectors like textiles that are highly exposed to trade disruptions.

The inter-ministerial group will conduct sector-wise assessments to identify export vulnerabilities and potential disruptions in the supply of critical raw materials. For the textile industry, this includes monitoring inputs such as petrochemical derivatives used in synthetic fibres, dyes, and chemicals, as well as machinery components that are often sourced through complex global supply networks.

The group will also serve as a co-ordination platform among different ministries and government departments, enabling faster policy responses if disruptions escalate. Engagement with industry stakeholders, including Export Promotion Councils and trade bodies, will form an important part of this process. Through these consultations, the government aims to gather real-time feedback from exporters on logistical challenges, input shortages, freight cost pressures, and order uncertainties emerging from geopolitical tensions.

Alongside the inter-ministerial mechanism, DGFT has established an internal coordination framework to enable real-time tracking of trade-related developments. This system is intended to strengthen inter-agency communication and ensure that emerging issues affecting exporters are identified and addressed quickly.

For India’s textile and apparel sector, one of the country’s largest export industries with extensive global supply chain linkages, the monitoring initiative is particularly significant. Disruptions in maritime routes, fluctuations in petrochemical feedstock availability, and shifts in sourcing strategies among global brands could all influence export competitiveness in the coming months.

By establishing both an inter-ministerial monitoring group and an internal co-ordination mechanism, the government aims to improve preparedness and policy responsiveness as geopolitical uncertainties continue to reshape global trade dynamics.

The move reflects a broader effort to safeguard export growth while maintaining stability in critical supply chains that support India’s manufacturing and textile industries.

Fibre2Fashion News Desk (KUL)



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Special loan facility for Feb wages in Bangladesh’s export units

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Special loan facility for Feb wages in Bangladesh’s export units



Bangladesh Bank recently issued a circular asking banks to introduce special loan facilities beyond the working capital loan limit to pay salaries of workers and employees for February in light of concerns in the export sector due to global and domestic economic pressures.

Due to falling exports, delayed purchase orders and liquidity crisis, production in many export-oriented units is getting affected. As a result, the ability to pay salaries and allowances to workers has reduced.

Bangladesh Bank recently issued a circular asking banks to introduce special loan facilities beyond the working capital loan limit to pay salaries of workers and employees for February in light of concerns in the export sector due to global and domestic economic pressures.
The loan amount cannot exceed the average salary and allowances component of the concerned enterprise in the last three months.

The loan amount cannot exceed the average salary and allowances component of the concerned enterprise in the last three months. The prevailing market-based interest rate will be applicable against the loan, while no additional interest, profit, fee or charge other than regular interest can be charged.

The loan must be repaid within a year with a grace period of three months, according to domestic media outlets. Industrial enterprises that export at least four-fifths of their total production will be considered export-oriented. The salary will go directly to the workers’ accounts, not through the company.

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Removing NTBs could boost trade with US: Bangladesh commerce minister

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Removing NTBs could boost trade with US: Bangladesh commerce minister



Reducing unnecessary complexities and doing away with selected non-tariff barriers (NTBs) could significantly boost US investment in Bangladesh and enhance the country’s appeal as a foreign investment destination, according to Commerce, Industry, and Textiles & Jute Minister Khandakar Abdul Muktadir.

Addressing these issues would also facilitate Bangladesh’s greater access to US development assistance and financing programmes, he said after meeting US Assistant Secretary of State for South and Central Asian Affairs S Paul Kapur in Dhaka.

Cutting unnecessary complexities and eliminating selected non-tariff barriers could significantly boost US investment in Bangladesh and enhance the country’s appeal as a foreign investment destination, according to Commerce, Industry, and Textiles & Jute Minister Khandakar Abdul Muktadir.
Addressing these would also facilitate greater access to US development assistance and financing programmes, he said.

The meeting focused on strengthening bilateral trade ties, expanding investment into new sectors, improving digital infrastructure and deepening overall trade and investment cooperation.

Certain procedural and policy-related bottlenecks continue to affect the investment climate, the minister observed.

Fibre2Fashion News Desk (DS)



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