reports record

Rihanna's Savage X Fenty Now Valued at $1 Billion

Reading now: 669
justjared.com

Huge news for Rihanna! On Tuesday (February 17), Forbes reported that the 32-year-old entertainer’s Savage X Fenty lingerie brand is now worth $1 billion. Rihanna‘s “brand has proven that diversity and inclusion in sizing, access, and marketing can lead to an even greater goal, equity in feeling sexy,” Forbes writes. Rihanna‘s company, which she launched in 2018, recorded revenue growth of more than 200% last year.

It also “increased its active VIP member base by more than 150%,” Savage X Fenty said in a statement to WWD. Also, Savage X Fenty recently “completed a $115 million Series B fundraising round” led by L Catterton, which is the largest global consumer-focused private equity firm, to “support the company’s rapid growth and upcoming

Read more on justjared.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA