Home Business Rihanna’s Savage x Fenty Brand Is Officially Worth $1 Billion

Rihanna’s Savage x Fenty Brand Is Officially Worth $1 Billion

by Andre
0 comment

Rihanna can take a bow, pour it up & celebrate however she’d like since her Savage x Fenty lingerie brand is worth $1 billion.

The massive lingerie brand reached the billion dollar status after “hitting another major milestone by raising its $115 million Series B funding round, at a $1 billion valuation,” for its upcoming retail expansion, and its plan to expand into a line of athletic wear.

Savage X Fenty generated an estimated $150 million in revenue in 2020, with 200% year-over-year growth and 3.9 million followers on Instagram. That growth is about to accelerate.

Savage X Fenty’s billion-dollar valuation comes nearly three years after the brand launched in May 2018.

It is expected to become the global lingerie market leader by 2025, according to Forbes.


Discover more from Where Is The Buzz | Breaking News, Entertainment, Exclusive Interviews & More

Subscribe to get the latest posts to your email.

You may also like

Leave a Comment

Discover more from Where Is The Buzz | Breaking News, Entertainment, Exclusive Interviews & More

Subscribe now to keep reading and get access to the full archive.

Continue reading