Rihanna Seeks $100 Million to Expand Lingerie Company
- 3 years ago
Rihanna Seeks $100 Million
to Expand Lingerie Company.
The singer has hired Goldman Sachs
to raise $100 million in financing for
her company Savage x Fenty.
The brand is looking to bring in additional
funding for new ventures such as athletic
wear and expanding into Europe. .
The company is said to currently generate
$150 million in revenue, but is not yet profitable.
Savage x Fenty launched in 2018
and has been viewed as a more inclusive
answer to rival brand Victoria’s Secret.
The lingerie brand’s annual fashion show,
which streamed on Amazon, was recently
lauded as “a forceful display of inclusivity.”
to Expand Lingerie Company.
The singer has hired Goldman Sachs
to raise $100 million in financing for
her company Savage x Fenty.
The brand is looking to bring in additional
funding for new ventures such as athletic
wear and expanding into Europe. .
The company is said to currently generate
$150 million in revenue, but is not yet profitable.
Savage x Fenty launched in 2018
and has been viewed as a more inclusive
answer to rival brand Victoria’s Secret.
The lingerie brand’s annual fashion show,
which streamed on Amazon, was recently
lauded as “a forceful display of inclusivity.”