LVMH seemingly has some big plans in store for 2019. Just two weeks ago, news broke out that Rihanna's very own fashion brand was in the works in partnership with the French powerhouse group.
Though the company hasn't released an official statement on it, it certainly has the funds to launch a new luxury fashion brand or two: on Tuesday, LVMH revealed that its annual results for 2018 had surpassed forecasts, with its fashion and leather goods division seeing a 17% jump in forth-quarter sales. (Rihanna's makeup line, Fenty Beauty, was also specially mentioned for its "exceptional growth", having raked in nearly 500 million Euros in the past year.)
In the coming year, LVMH will also see if the many internal changes to its fashion brands — Virgil Abloh's recruitment as head of menswear at Louis Vuitton, Kim Jones' move to Dior Homme and Hedi Slimane's controversial appointment at Celine, to name a few — prove fruitful to its business.