Claim: Fenty Beauty was developed through LVMH's Kendo division, and Kendo Holdings, Inc, manufactures cosmetics with their label on them, sells them through their website.
Evidence: She developed the line with luxury conglomerate Louis Vuitton Moët Hennessey (LVMH), signing a deal in 2016 to produce Fenty Beauty through LVMH's Kendo division. Kendo Holdings, Inc, is an "incubator" company that manufactures cosmetics as white-label products for sale through cosmetics retailer Sephora, another LVMH subsidiary, as well as other outlets. In the US, the line launched in Sephora stores, on the Sephora website, and on Fenty Beauty's website. 
Kendo Holdings
LVMH
Fenty Corp Kendo Holdings, Inc, is an "incubator" company that manufactures cosmetics as white-label products for sale through cosmetics retailer Sephora, another LVMH subsidiary, as well as other outlets. In the US, the line launched in Sephora stores, on the Sephora website, and on Fenty Beauty's website.