How’s Rihanna’s fashion empire going?

Rihanna’s Fenty clothing line (in collab with LVMH) is shuttering. The rest of her Fenty lines are going strong.


February 12, 2021

She’s not just a pretty face. Rihanna has a whole umbrella (🎶🎵 ella, ella 🎶🎵) of product lines under her eponymous brand Fenty.

Even with no new albums since 2016, Rihanna has 90m+ followers on Instagram and is a brand unto herself. For instance, she recently spent 3 years as creative director at Puma.

Yet Rihanna’s newest line, Fenty Fashion House, is shuttering less than 2 years after launching with LVMH — a French fashion giant with a $320B+ valuation. This was LVMH’s first brand launch since 1987.

Nowhere to go = less clothes bought

The global fashion industry experienced a 93% drop in profit in 2020. With Americans conscientious of discretionary spending, the brands they’re buying are often affordable and promote inclusion of all sizes and ethnicities.

In contrast, Fenty pieces can cost upwards of $500. Its strategy of releasing 8 collections per year (common in high-fashion labels) wasn’t a match for Rihanna’s fan base.

It’s blue skies otherwise for RiRi

A few fashion categories, like beauty and loungewear, are doing well. In spite of a crowded market of celebrity-founded brands, Rihanna’s other Fenty lines are performing well (and a net worth of $600m+ reflects this):

  • Fenty Beauty: Its revenue hit $570m as recently as 2018
  • Fenty Skin: Her skincare line saw $30m in sales in ~4 months
  • Savage x Fenty: The lingerie line just announced a $115m funding round (it has recently grown 200%+)

The closing of Fenty Fashion House has downsized Rihanna’s empire. But Fenty’s other lines make it so that there are, ahem, “no clouds in her stones.”

Join 1.5m+ professionals getting The Hustle daily news brief

Business and tech news in 5 minutes or less

100% free, no ads or spam, unsubscribe anytime

Psst

How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.

If you don’t like it, unsubscribe any time. Privacy policy.