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Rihanna’s Fenty Puts Ready-To-Wear Division On Hold; Secures New Financing For Lingerie Brand

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etcanada.com

Some big changes are afoot at Fenty. On Wednesday, Rihanna’s beauty brand announced its partnership with luxury goods corporation LVMH on a line of ready-to-wear products is being put on hold.

RELATED: Rihanna Celebrates Joe Biden’s Inauguration By Taking Out The Trash: ‘We Did It Joe’ “With the overwhelming success of beauty and skin, LVMH and Rihanna have jointly made the decision to put the ready-to-wear Fenty division on hold in relation to the current climate,” a source close to the brands told ET. “As partners, LVMH Group and Rihanna will concentrate on the growth and long-term development of the Fenty ecosystem.” One big area of growth is in lingerie, which Rihanna is set to capitalize on with $115 million in new funding for her

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