Rihanna.Photo: Angela Weiss/Getty
Rihannaand French luxury conglomerateLVMH Moët Hennessy Louis Vuittonhave mutually agreed to pause the singer and entrepreneur’s Fenty ready-to-wear label, according to multiple reports.
LVMH confirmed the news in a statement toWWD: “Rihanna and LVMH have jointly made the decision to put on hold the RTW activity, based in Europe, pending better conditions.”
According to the outlet’s sources, a small staff are wrapping things up at Fenty’s headquarters in Paris.
The singer turned fashion and beauty mogul, 32, made history when she inked a deal with LVMH in May 2019, becoming “the first woman to create an original brand at LVMH and the first woman of color at the top of an LVMH maison,” according to theThe New York Timesreported.
Rihanna’s successful Fenty line joined their powerhouse lineup of brands which include Céline, Dior, Givenchy and Fendi among many more.
“Designing a line like this with LVMH is an incredibly special moment for us,” the star said in the statement. “Mr. Arnault has given me a unique opportunity to develop a fashion house in the luxury sector, with no artistic limits. I couldn’t imagine a better partner both creatively and business-wise, and I’m ready for the world to see what we have built together.”
Rihanna reflected on this major career achievement in a touching Tweet posted this morning, writing, “big day for the culture. thank you Mr. Arnault for believing in this little girl from the left side of an island, and for giving me the opportunity to grow with you at @LVMH.”
source: people.com
