Who Owns Fenty Beauty by Rihanna?
Updated onExplore the ownership hierarchy of Fenty Beauty by Rihanna. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Fenty Beauty by Rihanna
Fenty Beauty by Rihanna is an inclusive cosmetics and beauty brand offering makeup, skincare, haircare, and fragrance with extensive shade ranges designed for all skin tones.
Starts at $16 / product
Kendo Brands
Kendo Brands is a San Francisco–based beauty brand developer and incubator, owned by LVMH, that creates and grows global cosmetics and skincare brands such as Fenty Beauty, Fenty Skin, Fenty Hair, Fenty Fragrance, Ole Henriksen, and Lip Lab.
LVMH Moët Hennessy Louis Vuitton SE
LVMH Moët Hennessy Louis Vuitton SE is a French multinational luxury goods conglomerate and the world’s leading luxury products group, owning numerous prestigious brands across fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.
Christian Dior SE
Christian Dior SE is a French multinational luxury goods holding company best known for the Dior fashion and beauty brand and as the controlling shareholder of LVMH.
Financière Agache
Financière Agache is a private French investment holding company controlled by the Arnault family that serves as the main shareholder of luxury groups Christian Dior SE and LVMH and manages a diversified portfolio of investments.
Agache
Agache is the French family holding company (Agache SCA) controlled by Bernard Arnault and his family, serving as the ultimate parent of Financière Agache and the vehicle through which they control major stakes in Christian Dior SE and LVMH SE.
Fenty Beauty by Rihanna
Fenty Beauty by Rihanna is an inclusive cosmetics and beauty brand offering makeup, skincare, haircare, and fragrance with extensive shade ranges designed for all skin tones.
Starts at $16 / product
Kendo Brands
Kendo Brands is a San Francisco–based beauty brand developer and incubator, owned by LVMH, that creates and grows global cosmetics and skincare brands such as Fenty Beauty, Fenty Skin, Fenty Hair, Fenty Fragrance, Ole Henriksen, and Lip Lab.
LVMH Moët Hennessy Louis Vuitton SE
LVMH Moët Hennessy Louis Vuitton SE is a French multinational luxury goods conglomerate and the world’s leading luxury products group, owning numerous prestigious brands across fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.
Christian Dior SE
Christian Dior SE is a French multinational luxury goods holding company best known for the Dior fashion and beauty brand and as the controlling shareholder of LVMH.
Financière Agache
Financière Agache is a private French investment holding company controlled by the Arnault family that serves as the main shareholder of luxury groups Christian Dior SE and LVMH and manages a diversified portfolio of investments.
Agache
Agache is the French family holding company (Agache SCA) controlled by Bernard Arnault and his family, serving as the ultimate parent of Financière Agache and the vehicle through which they control major stakes in Christian Dior SE and LVMH SE.
Major Shareholders
Fenty Beauty by Rihanna
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Robyn Rihanna Fenty Co-founder and beneficial owner of roughly 50% of Fenty Beauty LLC in a 50/50 joint venture with LVMH; Fenty Beauty itself remains a privately held company, not publicly traded. | Individual | 50.0% | Oct 2025 |
LVMH Moët Hennessy Louis Vuitton SE Through its Kendo Brands beauty incubator, LVMH holds the remaining ~50% stake in Fenty Beauty; in 2025 it was reported to be exploring a sale of this 50% interest, but no sale had been completed as of October 2025. | Corporate | 50.0% | Oct 2025 |
Kendo Brands
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
LVMH Moët Hennessy Louis Vuitton SE Kendo Brands (Kendo Holdings, Inc.) is consistently described in corporate and career materials as a San Francisco–based beauty brand developer that is a division of and owned by LVMH, the world’s largest luxury group; UK filings for Kendo Brands Limited list LVMH Moët Hennessy Louis Vuitton as holding 75–100% of shares and voting rights, indicating LVMH as the controlling direct shareholder of Kendo-branded entities. | Corporate | — | — |
LVMH Moët Hennessy Louis Vuitton SE
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Christian Dior SE Directly holds about 42% of LVMH’s share capital and 57% of its voting rights as of December 31, 2023; Christian Dior SE itself is roughly 97.5% owned by the Arnault family group via Financière Agache, making this the principal vehicle through which the Arnault family controls LVMH. | Corporate | 42.0% | 57.0% | Dec 2023 |
Arnault Family Group (direct LVMH holdings) Direct shareholdings in LVMH held by Bernard Arnault and his family, separate from their indirect stake via Christian Dior; together, the Christian Dior stake and these direct holdings give the Arnault family just under half of LVMH’s share capital and around two‑thirds of its voting rights. | Family | 7.0% | 8.0% | Dec 2023 |
Public shareholders (free float) Institutional and retail investors worldwide collectively hold the remaining shares (around half of LVMH’s share capital and roughly one‑third of voting rights), with no other individual shareholder officially disclosed above 5%; large institutional investors within this free float include groups such as Vanguard, BlackRock and Norges Bank Investment Management, each with positions on the order of 1–2% or less. | Other | — | — | Dec 2023 |
Christian Dior SE
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Arnault family group (via Agache / Financière Agache and related holding entities) Controlling shareholder of Christian Dior SE. The Arnault family group, through its holding companies (including Agache SCA, Agache Commandité SAS and Financière Agache SA), owns about 97.5% of the share capital of Christian Dior SE and roughly 98.4% of the voting rights, according to AMF disclosures and Dior/Financière Agache filings around year‑end 2024. | Family | 97.5% | 98.4% | Dec 2024 |
Norges Bank Investment Management (Government Pension Fund Global) Norway’s sovereign wealth fund; reported holding approximately 321,000 Christian Dior SE shares (~0.18% of outstanding) in mid‑2025 regulatory filings, making it the largest disclosed outside shareholder after the Arnault family group. | Government | 0.2% | — | Jun 2025 |
AllianceBernstein L.P. US-based asset manager; disclosed holding roughly 50,600 shares (~0.03% of outstanding) in 2025 filings, representing a small portion of the free float. | Institutional | 0.0% | — | Sep 2025 |
Asset Value Investors Limited UK-based asset manager; reported holding about 50,600 shares (~0.03% of outstanding) in early 2025, within the limited free-float of Christian Dior SE. | Institutional | 0.0% | — | Mar 2025 |
BlackRock, Inc. Global asset manager; disclosed holding a small position of just over 32,000 shares (around 0.02% of outstanding) in late 2025, one of the larger remaining institutional holders outside the Arnault family group. | Institutional | 0.0% | — | Nov 2025 |
Financière Agache
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Arnault family group (Bernard Arnault & family) Ultimate beneficial owner of Financière Agache SA via 100% ownership of its parent Agache SCA. Agache SCA’s share capital is entirely held by the Arnault family group, and Agache (formerly Groupe Arnault) describes Financière Agache as its 100%-owned subsidiary. Control of Agache SCA is exercised by general partner Agache Commandité SAS, whose capital is held equally by Bernard Arnault’s five children following the 2022 reorganization, but the economic capital remains within the Arnault family group. | Family | 100.0% | 100.0% | Jul 2022 |
Agache SCA Direct parent and sole shareholder of Financière Agache SA. French corporate and encyclopedia sources list Agache SCA as the shareholder and controlling company of Financière Agache, rather than any dispersed investor base, indicating that Agache SCA owns 100% of Financière Agache’s share capital. Agache SCA is itself the Arnault family’s main holding vehicle above Christian Dior SE and LVMH. | Corporate | 100.0% | 100.0% | — |
Agache
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Arnault family group (Bernard Arnault and his five children) Agache SCA’s capital and its general-partner vehicle Agache Commandité SAS are effectively controlled by Bernard Arnault and his five children, who own Agache Commandité SAS in equal parts. AMF filings on the 2022 reorganisation state that Agache’s share capital is entirely held by the Arnault family group as limited partners, with management control exercised by Agache Commandité; later governance reporting indicates that, after reserving a 19% limited-partner stake for Dominique Arnault’s children, the residual c.81% of Agache’s capital is attributable to this core Arnault branch. Shares are generally locked until around 2052, and Bernard Arnault retains unlimited management powers through Agache Commandité into advanced age, ensuring continued family control. | Family | 81.0% | Oct 2023 |
Watine-Arnault family branch (Ludovic and Stéphanie Watine) Public succession-governance analyses of the Arnault structure report that Ludovic and Stéphanie Watine, the children of Bernard Arnault’s late sister Dominique, are limited partners in Agache with purely economic (patrimonial) rights and no management authority, together holding about 19% of the holding company’s capital. This 19% stake is repeatedly cited as their combined interest in Agache in coverage of the 2023 restructuring that locked family ownership for roughly 30 years. | Family | 19.0% | Oct 2023 |
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