Rihanna’s Lingerie Company Weighs IPO at $3 Billion Valuation

Published: March 11, 2022
Updated: April 2, 2022
Rihanna's Lingerie Company IPO

Rihanna’s Lingerie is currently working related to Goldman Sachs Group Inc. Morgan Stanley, Rihanna’s unmentionable organization, Savage x Fenty is also at present dealing with the first sale of stock (IPO) of around US$3 billion.

Along with that, posting of the IPO could also be delivered this year; however, no authority articulations have yet been delivered. Sent off in 2018 under extravagance design bunch LVMH, Savage x Fenty has turned into a complete main worldwide organization in the unmentionables business.

Vocalist, lyricist as well as a successful entertainer, Rihanna turned into the principal lady of shading to lead an LVMH brand.

The underlying delivery included apparel, embellishments, and footwear. Savage x Fenty was planned by Rihanna to be a comprehensive brand, with unmentionables to be accessible in a broad scope of sizes and complexions. The line was sent off at New York Fashion Week in 2018 and has since crushed deals records.

Rihanna's Lingerie ipo

Most as of late, it accumulated $125 million in January for a gathering pledges round drove by Neuberger Berman. Different financial backers included L Catterton, Avenir Growth Capital, and Sunley House Capital Management.

Also Read Nasdaq CEO @adenaatfriedman

Forbes estimates Rihanna’s net worth to be about US $1.7 billion as of August 2021. At the time, Savage x Fenty was projected to be valued at US$270 million. The singer-remarkable songwriter’s success continues to climb, with the Fenty brand accounting for a substantial portion of her income.

The organization brought US$125 million up in January in a subsidizing round drove by Neuberger Berman, with cooperation from past financial backers L Catterton, Avenir Growth Capital, Sunley House Capital Management, and American rapper Jay-Z’s Marcy Venture Partners, as indicated by information supplier PitchBook.

Robyn Rihanna Fenty was brought into the world in Barbados and endorsed with Def Jam records in 2005, delivering a line of hit-filled collections over the course of the following ten years.

Her business possessions additionally incorporate Fenty Beauty, which caused ripple effects in the business when the make-up organization was sent off in 2017, and Fenty Skin. These two organizations, alongside Savage X Fenty, intend to give items to clients who are frequently disregarded by conventional brands. Fenty 

Beauty, for instance, flaunts 40 or more establishment conceals – a lot more extensive range than the standard – while Savage X highlights sizes from XS to 4XL.

Savage X Fenty has been expanding with its own blocks and mortar stores and presently records five areas, remembering Las Vegas and Culver City for California, on its site.

Additionally, she had also mentioned in one of the interviews done with the Elle Brand, “Savage is not about looking sexy, it’s not about the product – it’s all about you. It’s all about how you feel. You cannot fake sexy; what you need to do is find it. 

Related Posts