Evidence receipt / evaluation
Published · transcript-backedDavid Rosenthal: evaluation
21 Feb 2023 Acquired LVMH
“The fashion line doesn't work, but Fenty beauty is likely doing close to $2 billion in revenue, I think, at this point.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 21 Feb 2023
- Publisher
- Acquired
- Episode
- LVMH
Transcript context
…Right as Beyonce and Jay-Z are becoming the global face of Tiffany... Who comes in and acquires 50% of Ace of Spades for unannounced, but probably hundreds of millions of dollars, LVMH. Meanwhile, one of the very few brands that they have built internally within LVMH over the past couple of years is Fenty with Rihanna. Rihanna is on Jay-Z's Roc Nation label. That's how the relationship gets started. Fenty is this unbelievable success. They originally started it with the concept that it was going to be like all the traditional maison. It was going to have a fashion line and a beauty line. The fashion line doesn't work, but Fenty beauty is likely doing close to $2 billion in revenue, I think, at this point. Yeah, Fenty beauty is definitely one of the recent success stories.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.