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| Rihanna |
Savage X Fenty, the very popular lingerie brand co-owned by Rihanna and LVMH, is getting a new CEO, Tori Pulse confirms.
Rihanna will be stepping down from her role as CEO, effective June 26th. However, she will still be an executive chair for the company. Hillary Super, the former CEO of Anthropologie Group, will be taking over as CEO.
Rihanna founded Savage X Fenty in 2018 and has been the CEO for the past few years. She says that it has been amazing to see the brand impact the industry in such a big way. Rihanna believes that this is just the beginning for Savage X Fenty and that they will continue to expand in ways that connect with their customers.
Hillary Super is excited to join the Savage X Fenty family. She says that the brand is a major powerhouse in the fashion and apparel industry. Hillary is inspired by the brand's commitment to inclusivity and fearlessness.
Rihanna's net worth is $1.4 billion, making her one of the richest self-made women in America. The musician and businesswoman owns a 30% stake in Savage X Fenty, which was valued at $1 billion in February 2021. Rihanna's success is also due to her other ventures, such as Fenty Beauty and her music career.