Rihanna Steps Down as Savage X Fenty CEO


Rihanna’s lingerie brand, Savage X Fenty, has a new CEO: Hillary Super, former CEO of Anthropologie Group and a veteran of such apparel companies as Guess, American Eagle and Gap. According to various reports, Vogue BusinessRihanna will remain the company’s executive chairman.

Hiring Super as CEO could help Savage X Fenty’s growth ambitions and lend it more credibility on Wall Street. Last year, the company raised $125 million, bringing its total funding to $310 million, reports claimed Savage X Fenty was working with banks in preparation for a possible initial public stock offering at a $3 billion valuation. The company’s success raised Rihanna’s personal net worth to $1.7 billion, according to Forbes, making the singer the second-wealthiest female entertainer behind Oprah Winfrey.

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