Rihanna resigns as CEO of lingerie brand Savage X Fenty

Rihanna has stepped down from her role as Chief Executive Officer (CEO) of her lingerie brand, Savage X Fenty. Rihanna has not only made a name for herself in the music industry but also in the world of fashion. Savage X Fenty is known for its inclusivity, offering a wide range of sizes from 32A – 44DD in bras, and XS – 3X in undies and sleepwear. The brand’s name pays homage to Rihanna’s surname, Fenty, and the “X” stands for all, signifying that “savages come in all shapes and sizes,” as Rihanna shared on her Instagram account. with a word count of 200 words, focusing on the theme of “Rihanna has stepped down from under Rihanna’s leadership, Savage X Fenty has grown significantly. The brand was valued at $1 billion in February 2021, and its value has continued to rise since then. Rihanna herself owns a 30% stake in the brand, further solidifying her status as a successful businesswoman. However, on June 26, Rihanna officially announced her resignation as CEO of Savage X Fenty. She will be replaced by Hillary Super, who was previously a board member and CEO of the company. Despite stepping down from the CEO position, Rihanna will continue to play a crucial role in the company as the executive chair and “brand visionary.” The decision to step down as CEO was reportedly made to allow Rihanna to focus more on her role as executive chair of the company. As CEO, Rihanna’s responsibilities included planning, organizing, staffing, coordinating, controlling, directing, reporting, and budgeting. Now, as executive chair, she will likely focus more on long-term goals, growth, profit, and return on investment.er role as Chief Executive Officer (CEO) of her lingerie brand, Savage X Fenty. Rihanna has not only made a name for herself in the music industry but also in the world of fashion. Savage X Fenty is known for its inclusivity, offering a wide range of sizes from 32A – 44DD in bras, and XS – 3X in undies and sleepwear. The brand’s name pays homage to Rihanna’s surname, Fenty, and the “X” stands for all, signifying that “savages come in all shapes and sizes,” as Rihanna shared on her Instagram account.”.

Rihanna has established herself as a successful entrepreneur, not only in the music industry but also in the world of fashion. One of her prominent ventures is her lingerie brand, Savage X Fenty, which has gained widespread recognition for its inclusive approach. The brand’s commitment to offering a wide range of sizes reflects Rihanna’s belief that beauty comes in various shapes and forms. Under Rihanna’s leadership as CEO, Savage X Fenty experienced remarkable growth and success. The brand’s valuation soared to $1 billion in February 2021, highlighting its significant impact in the lingerie market. Rihanna’s personal stake in the company further solidifies her status as a businesswoman who possesses both talent and business acumen. However, on June 26, Rihanna surprised her fans and the business world by announcing her resignation as CEO. She will be replaced by Hillary Super, who held the position of board member and CEO previously. Despite stepping down from her executive role, Rihanna will remain actively involved in the company as the executive chair and brand visionary. It is speculated that Rihanna made this decision to devote more attention to her role as executive chair. As CEO, she was responsible for overseeing various aspects of the business, such as planning, organizing, staffing, and budgeting. By taking on the position of executive chair, Rihanna will likely focus more on long-term goals, profit growth, and return on investment. Rihanna’s stepping down as CEO marks a significant transition in the company’s leadership structure. This shift is expected to enable Rihanna to contribute her visionary ideas while allowing others to handle the day-to-day operations of the brand. It demonstrates her commitment to guiding Savage X Fenty towards continued success and expansion. In conclusion, Rihanna’s decision to step down as CEO of Savage X Fenty represents a strategic move to focus on her role as executive chair. Despite relinquishing her position, Rihanna’s influence and dedication to making Savage X Fenty an inclusive and successful brand will undoubtedly continue to shape its future.