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Bernard Arnault, president and CEO of LVMH, said in a statement: \"Everyone knows Rihanna as a wonderful singer, but through our partnership at Fenty Beauty, I have discovered a true entrepreneur, a true CEO, and a great leader.\"

This new partnership also makes Rihanna the first woman of color at the top of an LVMH maison, the first new house created by the group since Christian Lacroix in 1987 and the first woman to create an original brand with the company.

The new Fenty fashion label will join the ranks of well-known design houses such as Fendi, Dior and Givenchy.

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@fenty .

A post shared by badgalriri (@badgalriri) on May 10, 2019 at 6:22am PDT

There haven't been any images released of the new label yet, but the logo includes the word \"Fenty\" in all caps with a backward N. The line will also be based in Paris and include ready-to-wear clothing, shoes and accessories.

\"Designing a line like this with LVMH is an incredibly special moment for us,\" Rihanna said in a press release, according to Vogue. \"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,\" in a press statement.

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A post shared by badgalriri (@badgalriri) on Feb 25, 2019 at 1:35pm PST

\"Everybody knows Rihanna as a wonderful singer, but through our partnership at Fenty Beauty, I discovered a true entrepreneur, a real CEO, and a terrific leader,\" said Arnault. \"She naturally finds her full place within LVMH.\"

He continued, \"To support Rihanna to start up the Fenty Maison, we have built a talented and multicultural team supported by the Group resources. I am proud that LVMH is leading this venture and wish it will be a great success.\"

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