It’s not Billion unless it’s Forbes Billion! Yesterday Forbes announced that the Rihanna’s lingerie label Savage x Fenty has reached $1 billion in equity. Reporting that a series of funding recently raised by the private equity firm L Catterton, a company LVMH has a stake in, raised its value. In 2020, the brand saw a revenue growth of over 200% and its inciting VIP membership also grew an additional %150.
Just last week it was reported that Rihanna’s luxury label Fenty was paused, but that there would be a greater push for her other projects in beauty and the retail space.
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