LVMH explores sale of its 50% stake in Rihanna-backed Fenty Beauty, sources say
Rihanna celebrates the launch of Fenty Beauty at ULTA Beauty on March 12, 2022 in Los Angeles, California. Kevin Mazur | Getty Images Luxury goods giant LVMH is exploring a sale of its 50% stake in Fenty Beauty, which it co-owns with Grammy Award-winning singer and entrepreneur Rihanna, according to four people familiar with the matter. The company is working with investment bank Evercore on the sale, three…