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Rihanna resigns as CEO of Savage X Fenty after 5 years

Rihanna, a well-known singer and successful entrepreneur, has had an effect not just in the music industry but also as the creator of the fashion label Fenty. Rihanna’s business initiatives have attracted worldwide notice, with a significant presence in both the clothes and cosmetics industries.

Rihanna recently revealed her intention to stand down as CEO of Savage x Fenty, the lingerie business she co-owns. After more than five years with the company, the multi-talented artist says goodbye, leaving behind a magnificent legacy.

According to the most recent Vogue Business reports, Rihanna has opted to step down as CEO of Savage x Fenty but will remain as the brand’s Executive Chairman.

Rihanna co-founded the company, which will celebrate its fifth anniversary in May 2023, with a group of investors that includes several significant names, including luxury goods behemoth LVMH and Jay Z’s Marcy Venture Partners.

According to rumors, Hillary Super, the former CEO of Anthropologie, has taken over as the group’s new boss, succeeding Rihanna.

If these rumors are correct, the celebrated singer seems to have decided to stand aside as CEO of Savage x Fenty, acknowledging the brand’s need for additional concentration.

Nonetheless, in the midst of the exciting news of Rihanna’s upcoming second child with her beloved partner ASAP Rocky, the multitalented artist has consciously decided to realign her priorities, emphasizing her role as a devoted mother and nurturing her growing family bonds.

Rihanna aims to devote more time and attention to her family, diverting her emphasis away from her professional activities, out of a genuine desire to create treasured memories and to promote a peaceful household life.

The distinguished singer, who has captivated the globe with her enchanting vocals, has lately disclosed her strategic plan to move into the post of Executive Chairperson for the acclaimed company, Savage x Fenty, in a monumental turn of events.

Rihanna politely gave a warm welcome to the newly appointed CEO, Hillary Super, in an official statement shared exclusively with Vogue, the pinnacle of fashion media.

However, Rihanna opted to retain an air of mystery by hiding the specific reasons that drove her to gracefully step down from the esteemed post of CEO, leaving her ardent fans and industry insiders guessing the unknown parts of her choice.

“It’s been incredible to see our vision for Savage X Fenty have such an impact on the industry over the last five years.”

“This is only the beginning for us, and we will continue to grow in ways that always connect with the consumer,” Rihanna said in a statement.

“I’m overjoyed and grateful to welcome Hillary Super as our new CEO.” “She is a strong leader who is committed to taking the company to the next level,” the singer said.

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Written by Anthony Peters