ULTA - Target Better Have My New Products: Rihanna Retailer Team Up On Fenty Snackz Launch Can It Help Shares Of Struggling Retailer? | Benzinga
With shares near 52-week lows, retailer Target Corp (NYSE: TGT) is ready to go to "Work” with bestselling musician and billionaire Rihanna.
Here’s a look at the partnership that Target hopes will lift up shares.
What Happened: Rihanna is best known for her music and catalog of hit songs but is also a billionaire and entrepreneur behind several successful companies.
One of those companies, Fenty Beauty, announced a partnership with Target and Ulta Beauty Inc (NASDAQ: ULTA) that will see products expand distribution to Target stores and online.
Set to launch on Oct. 1, Ulta Beauty at Target will carry Fenty Snackz, a new line of Fenty Beauty bestselling products in mini sizes and sets.
"The goal has always been to bring Fenty Beauty to as many people as possible. I’m excited to introduce the Fenty Snackz and give Ulta Beauty at Target guests a new way to experience the brand,” ...