LVMH Is Reportedly Looking To Sell Its 50% Stake in Rihanna's Fenty Beauty

SummaryLVMH is exploring the sale of its 50% stake in Rihanna's Fenty Beauty brand, which could be valued between $1 billion and $2 billion USDThe potential sale is part of LVMH's strategic shift to streamline its portfolio and follows the sale of Kerings beauty division to LOréalFenty Beauty, launched in 2017, is one of the most successful celebrity-led beauty ventures, known for its focus on inclusivityLuxury conglomerate LVMH is reportedly exploring the sale of its 50% stake in the h...