Luxury goods giant LVMH (LVMH.PA), opens new tab is exploring a sale of its 50% stake in Fenty Beauty, which it co-owns with Grammy Award-winning singer and entrepreneur Rihanna, according to four people familiar with the matter.
The company is working with investment bank Evercore on the sale, three of the people said. All four asked not to be identified because the process is confidential.
Fenty Beauty, which generated around $450 million of net sales in 2024, could be valued at somewhere between $1 billion to $2 billion, two of the people said.
Celebrity brands in general aren't generating as much revenue as they used to. LVMH also reported that Ace of Spades sales are declining and Hailey Bieber's rhode sales started declining after she sold it.
