On Thursday, Bloomberg reported that singer and entrepreneur Rihanna is thinking about an preliminary public providing for underwear corporate, Savage X Fenty. It is believed that the IPO may worth her corporate at $3 billion or extra and extra her billionaire standing.
Jeremy Moeller | Getty Photographs
The logo is reportedly operating with banks together with Goldman Sachs Staff and Morgan Stanley, and a list may pass public once this yr. Savage X Fenty raised $125 million in Collection C investment in January from traders that come with considered one of Jay-Z’s undertaking capital companies and a personal fairness company subsidized by means of LVMH’s Bernard Arnault. Its overall investment now quantities to $310 million.
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Because the starting of this yr, Savage X Fenty has additionally been taking giant steps to achieve shoppers within the brick-and-mortar area. The logo has two bodily places in Las Vegas and Los Angeles, with a plan to release in towns reminiscent of Houston and Arlington.
can’t consider it’s in truth that point, and I will’t wait so that you can have this enjoy irl…. our first actual places: Las Vegas, Los Angeles, Houston, Philadelphia, and Washington DC. watch the @SavageXFenty feed for main points
— Rihanna (@rihanna) January 7, 2022
Plenty of entrepreneurial ventures have catapulted Rihanna’s internet value to $1.7 billion. But even so Savage X Fenty’s release in 2018, Rihanna’s industry portfolio additionally contains beauty corporations Fenty Good looks and Fenty Pores and skin.
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