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Lingerie December 15, 2020
By Snobette
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Lingerie

Rihanna Is Seeking $100M To Expand Savage X Fenty

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December 15, 2020. Leave a Comment

California-based lingerie line Savage x Fenty lead by CEO Robyn Rihanna Fenty is on a growth path with news the company has hired Goldman Sachs to raise $100 million to expand offerings.

The new comes via NY Times, which speculated the push for extra cash will be used to expand the brand into new regions like Europe and add new categories like athletic–inspired casual clothing.

Savage X Fenty is now generating annual revenue of $150 million but is not yet profitable. While the company’s value isn’t publicly available, the NY Times estimated its worth to be around $1 billion.

Launched in 2018, Savage x Fenty is a joint venture between Rihanna and and Techstyle Fashion Group, an online oriented manufacturer whose stable of brands includes Fabletics and ShoeDazzle. 

The company received an injection of $50 million in cash in August 2019. Money flowed in from Shawn Carter‘s venture firm Marcy Venture Partners as well as investment firm Avenir Growth Capital. At the time, the new investment brought Savage X Fenty’s total backing up to approximately $70 million. 

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A first look at the highly anticipated Nike x Jacq A first look at the highly anticipated Nike x Jacquemus women's collection.

Inspired by designer Simon Porte Jacquemus own collection of vintage #NikeACG sneakers, the 15-piece collection will include apparel, accessories and sneakers.

Look for the capsule to drop on June 28th on jacquemus.com.

📸Pablo Di Prima

#nikexjacquemus #jacquemus
Stunning #DojaCat in a #Schiaparelli gown accesori Stunning #DojaCat in a #Schiaparelli gown accesorized with #Bijules rings. She was styled by Brett Alan Nelson for the Billboard Music Awards.

Doja Cat was awarded Billboard's top r&b artist.

📸@Jpwphoto
In the Snobette universe, style is meant to be exp In the Snobette universe, style is meant to be expressed freely with no rules.We even believe it's perfectly okay to mix atheletic brands. Nike apparel and Adidas shoes are okay! #Isaidwhatisaid don't @ us 😆.

Digital magazine "Pure Wow" tried to create rules on how to wear sneakers.

What do you all think?
Disney+ has debuted "Sneakerella," a sneaker-theme Disney+ has debuted "Sneakerella," a sneaker-themed remake of Cinderall, directed by Elizabeth Allen Rosenbaum. 

The plot is centered on a boy named El (Chosen Jacobs) who works in his deceased mother's sneaker store, Laces. Lordered over by his evil stepfather and stepbrothers, with help from a fairy stepfather he manages to attend a fundraiser wearing a pair of kicks he designed. At the gala, has a chance meeting with Kira King (Lexi Underwood), the daughter of basketball star and sneaker tycoon Darius King. With time running out on the magic spell, he leaves behind one of his sneakers.

Kinda cute!
Miaou by Paloma Elsesser, sooo many cute pieces: $ Miaou by Paloma Elsesser, sooo many cute pieces: $98-$325, sizes XS-4XL
Designer #HeronPreston provided the background for Designer #HeronPreston provided the background for his latest collab with #Bape unveiled earlier this month. His collaborative efforts with Bape date back to 2015.

Just last month, Preston wrote about brands relying on collaborations to remain relevant.

Do you have a favorite Bape collab?
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