Rihanna Is Looking To Raise $100 Million USD for Savage x Fenty

In an effort to expand into athletic wear.

By
Fashion 
16,896 Hypes 11 Comments

Rihanna is now looking to raise another $100 million USD for her lingerie line Savage x Fenty.

According to new reports, the artist hopes to raise funds through the help of Goldman Sachs in order to expand her current lingerie line further into Europe as well as entering the athletic wear market. While the brand brings in roughly $150 million USD in revenue, sources say it has yet to reach profitability, although the new round of funds will push its valuation up to $1 billion USD.

Founded back in 2018 as a joint venture between Rihanna and Techstyle Fashion Group, the lingerie brand has since raised over $70 million USD in funding, receiving backing from a series of investment firms including ACME Capital, Avenir Growth Capital, TriplePoint Ventures, and Jay-Z‘s own venture capital firm Marcy Venture Partners. Aside from drawing success predominantly from Rihanna’s celebrity, the brand is also revered for its focus on inclusivity and diversity, stocking sizes up to 3X and often featuring diverse casts for its fashion shows.

Elsewhere in business-related news, H&M’s net sales dropped 18 percent over 2020.

Read Full Article

What to Read Next

Rihanna's Savage x Fenty Brand Is Officially a Billion Dollar Business
Fashion 

Rihanna's Savage x Fenty Brand Is Officially a Billion Dollar Business

Despite recently announcing the closure of the luxury fashion brand, Fenty.

Rihanna Apologizes for Cultural Appropriation at the Savage x Fenty Vol. 2 Show
Fashion

Rihanna Apologizes for Cultural Appropriation at the Savage x Fenty Vol. 2 Show

Following the use of a song which sampled sacred Islamic phrases.

Rihanna Launches New Savage X Fenty Menswear Collection
Fashion

Rihanna Launches New Savage X Fenty Menswear Collection

A capsule of loungewear and underwear pieces modeled by Christian Combs.


Rihanna's Savage x Fenty Vol. 2 Show Doesn't Care About Size, Shape, or Color
Fashion

Rihanna's Savage x Fenty Vol. 2 Show Doesn't Care About Size, Shape, or Color

Embracing all types of people, starring Paris Hilton, Lizzo, Indya Moore, Normani, Roddy Rich, Miguel, Gigi Goode, Shea Couleé, and many more.

Music Projects You Missed This Week
Music 

Music Projects You Missed This Week

Featuring The Voidz, Moses Sumney, 박혜진 Park Hye Jin and more.

Disney Announces Upcoming Projects for 2021-2022
Entertainment

Disney Announces Upcoming Projects for 2021-2022

Chris Evans will voice ‘Buzz Lightyear’ and Harrison Ford will return as Indiana Jones.

Everything Dropping at Supreme This Week
Fashion

Everything Dropping at Supreme This Week

Featuring the New York skatewear brand’s Winter 2020 Tees and Chucky Doll.


Apple Rejects Refund from Parent Whose 6-Year-Old Spent $16K USD on 'Sonic Forces'
Gaming

Apple Rejects Refund from Parent Whose 6-Year-Old Spent $16K USD on 'Sonic Forces'

All racked up from in-game purchases.

Hennessey's Venom F5 Is Named After Tornados, and It Goes Like One Too
Automotive

Hennessey's Venom F5 Is Named After Tornados, and It Goes Like One Too

Delivering 1,817 HP and a targeted top speed of 311 MPH.

OMEGA Crafts Two Special Edition Tresor Timepieces In Support of Orbis
Watches

OMEGA Crafts Two Special Edition Tresor Timepieces In Support of Orbis

“Two watches for one great cause.”

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.