In a shocking turn of events, Rihanna and the French multinational conglomerate LVMH have decided to put a hold on their Fenty Fashion line.
The development was announced by LVMH in a statement, that says: “Rihanna and LVMH have jointly made the decision to put on hold the RTW activity, based in Europe, pending better conditions.”
However, the partnership between the two remains firm as LVMH still holds plans to support Fenty Beauty and Fenty Skin.
According to WWD, the luxury goods company is determined to team up with Riri’s lingerie line and has through their stake in private equity firm L Catterton, led a $115 million funding round which is set to support the expansion of Savage x Fenty retail business.
LVMH Moët Hennessy Louis Vuitton is a French multinational corporation and conglomerate formed in 1987 and specializes in luxury goods with its headquarters based in Paris, France.