Rihanna and parent company, LVMH Moet Hennessy Louis Vuitton, have come to the agreement to close Fenty Fashion. Before you freak out, Fenty Skin, Fenty Beauty & Savage X Fenty will still be around. Though it's only been less than 2 years since the launch of Fenty Fashion, this could be a pretty smart move for Rihanna as they're looking to expand the other three aforementioned Fenty off-shoots.
Parent company, LVMH also owns the labels Christian Dior, Givenchy and Louis Vuitton. Considering Fenty among high-end fashion brands such as those, it's not likely Rihanna will be taking a loss. More below.