Rihanna & LVMH Announce New Fenty Label

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Rihanna and LVMH have announced a new luxury label, confirming previous whisperings of such from earlier this year.

In a statement Friday, Rihanna praised LVMH CEO Bernard Arnault, who credited their previous work together on Fenty Beauty as having tuned him in to the recent Guava Island star's potential as a "true entrepreneur" with proven leadership.

"Designing a line like this with LVMH is an incredibly special moment for us," Rihanna said. "Mr. Arnault has given me a unique opportunity to develop a fashion house in the luxury sector, with no artistic limits. I couldn't imagine a better partner both creatively and business-wise, and I'm ready for the world to see what we have built together."

Arnault added that the Fenty Maison will be supported by a carefully curated "multicultural team" using LVMH's expansive resources. "I am proud that LVMH is leading this venture and wish it will be a great success," he said.

As for what to expect with from the Paris-based Fenty, LVMH teased Friday that their work together "takes shape with her vision in terms of ready to wear, shoes and accessories, including commerciality and communication of the brand."