Rihanna Steps Down As CEO Of Savage X Fenty

Barbadian music superstar and fashion mogul Rihanna has stepped down as CEO of Savage X Fenty.

Rihanna, who co-founded the lingerie brand in 2018, is succeeded by Hillary Super, former CEO at Anthropologie Group, according to Vogue Business.

“It’s been beautiful to see our vision for Savage X Fenty impact the industry at such an incredible magnitude over the last five years,” Rihanna said in a statement, per Vogue Business. “This is just the beginning for us, and we’re going to continue to expand in ways that always connect with the consumer.”

She added, “I’m so grateful and excited to welcome Hillary Super as our new CEO – she is a strong leader and is focused on taking the business to an even higher level.”

According to reports, Rihanna will remain the company’s executive chairman.

Last year, the company raised $125 million, bringing its total funding to $310 million. Savage X Fenty is reportedly working on a possible initial public stock offering at a $3 billion valuation.

(Photo: Liam Mendes)

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