Rihanna, the globally famous singer and successful businesswoman, has announced her decision to step down as the CEO of Savage x Fenty, the renowned lingerie brand she co-owns.
After serving as the brand’s CEO for over five years, Rihanna has now taken on the role of Executive Chairman.
The decision comes as Savage x Fenty celebrates its fifth anniversary this year. The brand, co-founded by Rihanna and a group of investors that includes luxury goods giant LVMH and Jay Z’s Marcy Venture Partners, has gained significant recognition in the fashion industry.
The former CEO of Anthropologie, Hillary Super, has been appointed as Rihanna’s successor, according to reports from Vogue Business.
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Sources suggest that Rihanna chose to step down to devote more attention to the brand, while also prioritizing her growing family. The singer is currently expecting her second child with her partner, ASAP Rocky.
In an official statement provided to Vogue, Rihanna expressed her gratitude for the impact Savage x Fenty has made in the industry and stated that the brand’s expansion will continue to resonate with consumers.
She also warmly welcomed Hillary Super as the new CEO, praising her as a strong leader who will take the business to new heights.
As Rihanna embarks on this new chapter as the Executive Chairperson of Savage x Fenty, fans and industry insiders eagerly anticipate the brand’s future endeavors under the leadership of Super and the continued influence of its founder.
