EVERY HISBAH OFFICER IS A PEACE AND SECURITY AMBASSADOR IN HIS COMMUNITY.(PHOTO). #PRESS RELEASE
Luxury conglomerate LVMH is reportedly considering selling its 50% stake in Fenty Beauty, the cosmetics brand co-owned with Grammy-winning singer and entrepreneur Rihanna. The company is said to be working with investment bank Evercore on the potential transaction, according to sources familiar with the matter.
Fenty Beauty, launched by Rihanna in 2017 with the support of LVMH’s beauty incubator Kendo Brands, has become known for its inclusive range of products catering to diverse skin tones. The brand generated roughly $450 million in net sales in 2024 and could be valued between $1 billion and $2 billion, according to sources. Rihanna, who also owns lingerie brand Savage X Fenty, has built Fenty Beauty into a global presence with products sold in stores like Sephora and online platforms such as Amazon.
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