Rihanna’s fashion and beauty empire is taking a pause. The Fenty brand, a high-end designer collection launched with LVMH in 2019, is going on a hiatus per a statement sent to Women’s Wear Daily.. “Rihanna and LVMH have jointly made the decision to put on hold the RTW [ready-to-wear] activity, based in Europe, pending better conditions,” reads LVMH’s statement. Taking a hiatus is never a good sign for a growing company, and maybe suspect this is a gentle way of saying the business is closing for good.
The brand was the first that LVMH had launched since Christian Lacroix in 1987. Its clothing translated signature Rihanna pieces like body-hugging knits, roomy cargo trousers, and teetering stilettos for a larger audience. But despite having celebrity support and pop-ups at Selfridges and Bergdorf Goodman, the collection is rumored to have struggled at sales. If this is the end of Fenty, LVMH is helping to pump $115 million of funding into another Rihanna brand. Savage X Fenty announced the investment from L Catterton, a firm cofounded by LVMH and Bernard Arnault’s Groupe Arnault, and several other funds today. The press release notes that the infusion of cash will support the existing business as well as help planned retail expansion.
In addition to Savage X Fenty, Rihanna also operates Fenty Skin and Fenty Beauty, both owned by LVMH.