Billionaire and singer, Robbin Rihanna Fenty, resigns as Chief executive officer of lingerie brand Savage X Fenty brand.
The Savage X Fenty began as an online retailer in 2018, and further launched into an inclusive lingerie, sleepwear, and lounge wear online shop, before opening physical stores across countries.
According to a report by Forbes, In February 2021, Savage X Fenty recorded a $1 billion naira valuation.
“It’s beautiful to see our vision for Fenty, expand and impact the industry. At such an incredible magnitude around the globe, in this short time.
This is just the beginning for us. We are going to continue to expand in ways that connect to our consumer, ” Rihanna told Vogue business.
Unarguably, She holds a 30% stake in the company. And co-owns Savage X Fenty with LVMH and Jay-Z’s Marcy Venture Partners.
Pregnant with her second child for Asap Rocky. Her net worth by Forbes is $1.4 billion. She will remain in a leadership position, just not as the CEO.
Former 51 year old CEO of anthropologie group, Hilarie super is now the new CEO of the Savage X Fenty brand.
“I’m so grateful and excited to welcome Hillary Super as our new CEO. She is a strong leader and is focused on taking the business to an even higher level,” Rihanna said.
“I’m thrilled to join the Savage X Fenty family,” she told the outlet. “The brand is a major powerhouse in the lingerie and apparel industry, and its unwavering commitment to celebrating inclusivity and fearlessness is inspiring.”
Savage X Fenty is notable for its inclusive and extravagant fashion shows. So We look forward to seeing the progress from this new development in the billion dollar company.
