Rihanna’s Savage x Fenty Lingerie brand is now worth a whopping $1 Billion. Recall that the singer launched the line in 2018, and it’s one of several businesses started by the singer, including her Fenty clothing line, makeup range Fenty Beauty, and skincare line Fenty Skin.
According to a recent report from Forbes, the lingerie company recently secured $115 million in Series B funding, which officially put it at a valuation of $1 billion. The funding was led by private equity firm L Catterton, in which LVMH Moët Hennessy Louis Vuitton has a stake.
Savage x Fenty saw revenue growth of more than 200% last year and “increased its active VIP member base by more than 150%,” according to a statement from the company.
Congrats to her.
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