Rihanna and Moët Hennessy Louis Vuitton have suspended the Fenty fashion brand, less than two years after its launch. File Photo by Rune Hellestad/UPI | License Photo
Feb. 10 (UPI) -- Rihanna and French luxury group LVMH Moët Hennessy Louis Vuitton are putting the singer's Fenty fashion house "on hold."
WWD reported Wednesday that Rihanna, and LVMH have suspended the Fenty fashion brand, less than two years after its launch.
"Rihanna and LVMH have jointly made the decision to put on hold the RTW activity, based in Europe, pending better conditions," LVMH said in a statement.
Fenty released its most recent collection, a collaboration with shoe designer Amina Muaddi, in November and last posted on its Instagram account Jan. 1. The e-commerce site is expected to close down in the coming weeks.
Bloomberg confirmed the news and said the COVID-19 pandemic has reduced demand for clothing.
LVMH will now concentrate on Fenty Beauty and Fenty Skin, Rihanna's line of makeup and skin products. In addition, L Catterton, in which LVMH has a stake, led a $115 million Series B funding into Savage X Fenty, Rihanna's lingerie line.
"Following the completion of a fundraising round where L Catterton has taken a stake into Savage X Fenty, LVMH and Rihanna reaffirm their ambition to concentrate on the growth and the long-term development of Fenty ecosystem focusing on cosmetics, skincare and lingerie," LVMH and Rihanna said.
Rihanna launched her Fenty X Puma clothing line in 2016 and announced her partnership with LVMH in May 2019. She is the first woman to create an original brand at LVMH and the first woman of color to head an LVMH maison.
Rihanna points her finger during a performance at Arthur Ashe Kids Day held at Arthur Ashe Stadium in Flushing Meadows, New York on August 27 , 2005. The following month her album "Music of the Sun" debuted at No. 10
on the Billboard album chart. Photo by John Angelillo/UPI | License Photo