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Savage X Fenty March 16, 2022
By Snobette
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Savage X Fenty

Rihanna Is Said To Be Mulling A Savage X Fenty IPO Valuating The Company At $3B

Savage X Fenty CEO Rihanna | Photo: Savage X Fenty Instagram

March 16, 2022. Leave a Comment

CEO Robyn Rihanna Fenty is allegedly in discussions about taking her lingerie brand Savage X Fenty public. According to reporting by Bloomberg, the 34-year-old has been working with banks including Goldman Sachs and Morgan Stanley on an initial public offering placing the company at $3 billion. The financial publications source said while a listing could take place this year, no final decision has been made and timing could change.

Founded in 2018, Savage X Fenty began as a joint venture between Rihanna and TechStyle Fashion Group. Since then, according to Forbes, the brand has received approximately $310 million in venture capital investments from organizations including Shawn “Jay-Z‘ Carter’s Marcy Venture Partners and investment firm L. Catterdon, which LVMH Moët Hennessy Louis Vuitton CEO and Bernard Arnault (the second richest man in the world) is invested in.

Recently, the brand announced it would use some of its investment money to open stores with the first five locations in Las Vegas, Los Angeles, Houston, Philadelphia and Washington, D.C. A sixth store is currently under construction in Brooklyn.

Forbes in August 2021 estimated Rihanna’s total net worth at $1.7 billion, with makeup line Fenty Beauty worth about $1.4 billion with the estimated value of the lingerie brand combined with earnings from her career as a chart-topping music creative and actress accounting for an additional $270 million.

Lingerie Rihanna Savage X Fenty

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London-based South Korean designer, Sohee Park pre London-based South Korean designer, Sohee Park presented her Couture spring 2023 collection in Paris for the first time.

For her Paris debut, the Central Saint-Martins alum presented an assortment of ornate gowns where drama and glamour came to shine.

Neck-breaking angelic walk courtesy of model Sokhna Niane @sokhnaforreal 🔥
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The 39-year-old Sabato De Sarno was raised in Naples, Italy. He began his career at Prada in 2005, moving to Dolce & Gabbana, before joining Valentino in 2009, where he eventually was appointed fashion director of men’s and women’s collections.

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French luxury conglomerate LVMH announced earnings French luxury conglomerate LVMH announced earnings yesterday and noted that Fenty Beauty doubled its revenue in 2022 versus the prior year. In an earnings release the company attribued the growth to "expansion of its distribution network and the success of its launches." 

First launched with LVMH's beauty brand incubator Kendo in 2017, Fenty's growth over the past several years has largely been fueled by global expansion. 

Comnenting on Fenty Beauty's first forray into Asia, CEO Rihanna in 2019 stated on social media, "When I launched @fentybeauty in 2017, it was important to me to make sure it was available globally so everyone had access to it. We are continuing to expand our Fenty Beauty family to Hong Kong, Macau, Seoul and Jeju in September!”

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Assuming the character of a conservative Christian southern belle, Terri Joe's live exchanges attract thousands of viewers and have lead to exchanges with Doja Cat, Madonna and Hunter Schafer. 

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