Rihanna Becomes The First Black Woman With 2 Billion-Dollar Companies Under Her Belt, Fenty Beauty And Savage X Fenty [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
Fenty Beauty and Savage X Fenty now hold a combined valuation of more than $3 billion, marking a historic milestone for Rihanna's entrepreneurial career. Both of Rihanna's billion-dollar companies have exceeded $1 billion individually, according to Parade. Fenty Beauty launched in 2017 with a foundation range designed to serve a wide spectrum of skin tones. The debut drew broad attention from consumers and industry professionals, as AFROTECH ™ previously reported. “Makeup is like a secret weapon. It can go from very subtle to a complete transformation,” Rihanna told Time in 2017. She said it was “important that every woman felt included,” and explained that she remained closely involved in product development with Kendo, the brand's parent company. She added, “I love challenges. So I'm going to continue to have fun and push the boundaries in this industry.” Following its early performance and global expansion through a partnership with Louis Vuitton Moët Hennessy (LVMH)
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