Rihanna will have a light job now as she approaches the final stages of her second pregnancy. The 35-year-old singer has announced that she will step down as CEO of her lingerie brand Savage x Fenty effective Monday, June 26, after five years in the position.
Through a statement given to the magazine “Vogue Business”, the artist explained:
“It has been great to see our vision of Savage x Fenty impact the industry on such an incredible scale over the past five years. This is just the beginning for us and we will continue to expand the ways we will always be connected with the consumer.”
He has named Hilary Super, the former global CEO of Anthropology Group, to be his successor from June 26.
The 51-year-old businesswoman thanked her for the choice: “I’m thrilled to be joining the Savage x Fenty family,” Sup said. “The brand is a powerhouse in the underwear and fashion industry, and their unwavering commitment to celebrating inclusivity and fearlessness is inspiring.”
Rihanna, who will continue to play a leadership role in the brand as executive chairman, launched the Savage x Fenty brand in 2018, delighting consumers with its range of colors and shapes.
She commented at the time: “It was important to me to push boundaries, but also to draw a line where women can see themselves”.
The lingerie company reached a valuation of $1 billion in 2021.
Rihanna is currently preparing to welcome her second child with A$AP Rocky. The couple welcomed their son Raza in May 2022.
millionaire
According to Forbes magazine, Rihanna is on the list of the five youngest billionaires in the world. The 35-year-old singer has a net worth of $1.4 billion. His musical empire began when his first hit, “Pon de Replay”, was released.
Rihanna really broke the world with “Umbrella” and after that she released several albums and took an indefinite hiatus from music.
She returned in 2022 with two songs for the “Black Panther: Wakanda Forever” soundtrack (“Lift Me Up” and “Born Again”). His last work was the conceptual “Anti” in 2016, which featured tracks such as “Work” and “Love on the Brain”.
The pop mom’s fortune came true with Savaga x Fenty, her Fenty beauty brand in partnership with French luxury retailer LVMH.
In addition to skin care cosmetics, Fenty sells lingerie for all genders and also holds a lavish fashion show showcasing the new catalogue. He holds 30% of the shares.
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