Behind the Fenty Brand - How Rihanna and LVMH built a Cosmetics, Skincare and Apparel Empire
Summary
Following the successful launch of Fenty Beauty in September 2017, Rihanna has proceeded to build an empire spanning across the make-up, skincare, apparel and luxury goods markets. This case study takes a deep dive into the Fenty empire and identifies how the individual brands have each achieved such phenomenal growth in what is a short period of time.
Key Highlights
- Fenty Beauty was the first brand within the empire to be launched and is undoubtedly the jewel in the crown, experiencing impressive growth since its launch just three years ago. The brand has not only gained a cult following but has also set new standards in the market through its commitment to inclusivity, initiating the so called ‘Fenty Effect’. It has showcased a masterclass in marketing since its inception, which has been the main driver of its growth.
- Rihanna’s most recent endeavour is Fenty Skin, which was released in July 2020. The decision to foray into the skincare market was a lucrative one, as the market has experienced similar growth rates to the make-up market historically. The inclusivity ethos is carried across to Fenty Skin, with the range aiming to cater to everyone, which was clearly visible in the release campaign. The range also claims to be clean, with no harsh ingredients, and ethical with refillable and recyclable packaging, incorporating two trends which are prominent.
- In addition to the make-up and skincare markets, the Fenty brand has also established a presence in the apparel and luxury goods industries. Rihanna first launched Savage X Fenty, a lingerie brand which has already made significant strides, challenging the dominance of the longstanding market leader, Victoria’s Secret. Following this, Rihanna established the Fenty fashion house, with the backing of luxury goods conglomerate LVMH, which has significantly benefited both parties.
Scope
- Learn what Fenty is and what its offering consists of
- Understand how the firm markets and sells its products
- See why the firm has been successful and what is driving this success
- Understand the opportunities for other firms in this segment
Reasons to Buy
- What is Fenty and what are its products?
- How are its products marketed?
- Who owns and promotes Fenty?
- Why has Fenty been successful?
Table of Contents
1. Overview
1.1. Catalyst
1.2. Summary
2. Fenty Beauty is the Jewel in the Crown
2.1. The Current State and Future Prospects of the Make-Up Market
2.2. Fenty Beauty Has Experienced Phenomenal Growth Since Its Inception
2.3. Inclusivity Has Always Been a Focal Point for the Brand
2.3.1. Competitors Have Come Under Fire for a Lack of Inclusivity, Highlighting Its Importance
2.4. The Brand Has Benefited from Effective Influencer Marketing
2.5. Personality Driven Branding Has a Major Appeal to Consumers
2.6. Innovative, Fun Products Have Proven to Be a Huge Hit
3. Fenty Skin is An Exciting New Endeavour
3.1. Skincare is Another Lucrative Market for Fenty
3.2. Inclusivity Ethos is Carried Across from Beauty Range
3.3. Clean and Ethical Trends Are Incorporated into Fenty Skin
4. Fenty & Savage X Fenty: Making Strides in a Competitive Industry
4.1. Savage X Fenty Had a Strong Performance in Its Freshman Year
4.2. The Brands Lingerie Show Was a Resounding Success
4.3. Lvmh and Rihanna Have Formed a Formidable Partnership
5. Appendix
5.1. Abbreviations and Acronyms
5.2. Sources
5.3. Further Reading
6. Ask the Analyst
7. About the Author
List of Figures
Figure 1: Global Make-Up Market Value: $ Million, 2015-19
Figure 2: Global Make-Up Market Geography Segmentation: % Share, by Value, 2019
Figure 3: Fenty Beauty’S Pro Filt’R Foundation Ad Campaign
Figure 4: Monthly Gained Subscribers for the ‘Fenty Beauty by Rihanna’ Youtube Channel
Figure 5: Global Skincare Market Value: $ Million, 2015-19
Figure 6: Fenty Skin’S Campaign Featured A$Ap Rocky and Lil Nas X
Figure 7: Have Purchased Any of 17 Top Luxury Brands in Last 2 Years (%)
