As fans are still waiting for Rihanna to drop her next album, possibly titled R9, she is being a very successful entrepreneur of a lingerie line, Savage X Fenty. Her business ventures have definitely been paying off, while music is to the side.
Forbes has recently released some facts regarding Savge X Fenty, the jaw dropping detail is that the lingerie line is not worth more than $1 billion. Thanks to the hard work of Riahnan and her team and also yourselves the supporters, and fans.The company recently received a Series B investment of $115 million from private equity firm L Catterton. The investment will reportedly go towards Savage X Fenty being sold in brick and mortar stores.
Rihanna previously said of the investment:
“Lingerie is about celebrating your body and that’s what Savage is all about. Savage to me is such a powerful word. It’s about being confident, in charge, and taking ownership of our choices. This brand is a home, a hub and a safe space for everyone—regardless of shape, size, ethnicity, gender identity or sexual orientation. It is a representation of all and a validation that everyone is beautiful no matter what.”
Are you rocking Savage X Fenty? Congratulations to Rihanna and the team!
Courtesy of thejasminebrand.com