MILAN, Feb 10 (Reuters) – Louis Vuitton proprietor LVMH and music star Rihanna have agreed to shut her style line Fenty lower than two years after its launch, the French luxurious items large mentioned on Wednesday.
LVMH mentioned in an announcement that Fenty’s able to put on exercise, based mostly in Europe, could be “placed on maintain” pending higher circumstances.
It mentioned that LVMH-backed funding fund L Catterton had taken a stake into Savage X Fenty, Rihanna’s lingerie line.
“LVMH and Rihanna reaffirm their ambition to focus on the expansion and the long-term improvement of Fenty ecosystem specializing in cosmetics, skincare and lingerie,” it added.
Reporting by Silvia Aloisi