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As per three sources, the firm is collaborating with investment bank Evercore for the sale. All four sources sought anonymity due to the confidential nature of the process.
Two sources informed Reuters that Fenty Beauty might be worth between $1 billion and $2 billion. LVMH and Evercore representatives chose not to provide any comments. Fenty Beauty and Rihanna's representatives did not promptly reply to requests for a comment.
Rihanna, whose full name is Robyn Rihanna Fenty, established the beauty line Fenty Beauty in 2017, reflecting her actual last name. Sources indicate that the singer and LVMH each possess a fifty percent stake in the company.
source: reuters.com
Two sources informed Reuters that Fenty Beauty might be worth between $1 billion and $2 billion. LVMH and Evercore representatives chose not to provide any comments. Fenty Beauty and Rihanna's representatives did not promptly reply to requests for a comment.
Rihanna, whose full name is Robyn Rihanna Fenty, established the beauty line Fenty Beauty in 2017, reflecting her actual last name. Sources indicate that the singer and LVMH each possess a fifty percent stake in the company.
source: reuters.com
