Fenty is valued somewhere between $1 billion to $2 billion.
Олександр Шнурик at Adobe Stock
As first reported by Reuters, LVMH is exploring a sale of its 50% stake in Rihanna's Fenty Beauty (which launched in 2017). The company is working with the investment bank Evercore to explore options.
Rihanna and LVMH each own 50% of Fenty Beauty. Fenty generated about $570 million in revenue in 2021 and about $450 million in net sales in 2024. Fenty is valued somewhere between $1 billion to $2 billion.
LVMH’s perfumes and cosmetics for the first nine months of fiscal 2025 totaled 6,040 million euros (about 7,018 million dollars), representing a drop of 2% and flat in organic terms. For Q3, perfumes and cosmetics saw a growth of over 2%.
