Singer Rihanna has stepped down from the position of CEO of Savage X Fenty on Friday. As per media reports, Hillary Super, the CEO of Anthropologie Group, will be replacing the singer.
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Who is Hillary Super?
Hillary Super held the position of CEO at Anthropologie Group before joining Savage X Fenty. She has also held executive positions at well-known companies like Guess, American Eagle, Gap, and Old Navy.
The news of her appointment was confirmed by Vogue. Super in a statement said, “I’m thrilled to join the Savage X Fenty family. The brand is a major powerhouse in the lingerie and apparel industry, and its unwavering commitment to celebrating inclusivity and fearlessness is inspiring.”
She is appointed to don the position of CEO effective from June 26.
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Rihanna also shared a statement after taking the decision. The statement read, “It’s been beautiful to see our vision for Savage X Fenty impact the industry at such an incredible magnitude over the last five years. This is just the beginning for us, and we’re going to continue to expand in ways that always connect with the consumer”, reported Vogue.
However, the “Diamonds” singer will still hold the position of executive chair.
Savage X Fenty was launched in 2018. The brand has established itself as a pioneer in inclusive fashion, supporting diversity by using plus-size models and providing things that are gender-neutral. The company has made significant progress in fostering a more inclusive and varied representation in the lingerie business. Recently the company has worked its way out to increase its physical presence and opened its first store in Las Vegas in 2022.
According to Forbes, Savage X Fenty received $125 million in a Series C funding round in January 2022, with Neuberger Berman serving as the primary investor. This substantial investment came after a previous, fruitful round in which the company successfully raised $115 million in Series B fundraising from existing investors like Marcy Venture Partners and Avenir under the leadership of L Catterton.
