“It’s been stunning to see our imaginative and prescient for Savage X Fenty have an effect on the enterprise at such an super magnitude over the final 5 years,” Rihanna, who established the line in 2018, tells the outlet. “This is simply the establishing for us, and we’re going to proceed to increase in methods that constantly join with the consumer.”
While Rihanna will nonetheless serve as an govt chair for the company, Hillary Super, former CEO of Anthropologie Group, is taking over as CEO, the outlet reports.
“I’m so grateful and excited to welcome Hillary Super as our new CEO,” Rihanna adds. “She is a sturdy chief and is targeted on taking the commercial enterprise to an even greater level.”
Meanwhile, Super tells the outlet that she’s “thrilled to be a part of the Savage X Fenty family.”
“The company is a important powerhouse in the lingerie and garb industry,” she adds, “and its unwavering dedication to celebrating inclusivity and fearlessness is inspiring.”
Earlier this month, Rihanna ranked No. 20 on Forbes’ richest self-made female in America list, with a internet really worth of $1.4 billion. Her success is thanks in phase to the 30 percentage stake she owns in Savage X Fenty, which had a $1 billion valuation in February 2021, per the outlet. The outlet additionally mentioned Fenty Beauty, Rihanna’s Super Bowl halftime performance, and the launch of her Academy Award-nominated song, “Lift Me Up,” as motives for her wealth.