RIHANNA’S SAVAGE X FENTY LINGERIE LINE LANDS ADDITIONAL $50M USD FUNDING

According to a new report by the Wall Street Journal, Rihanna‘s Savage x Fenty lingerie has raised an additional $50 million USD in funding. This brings the total investment in the company to around $70 million USD. Savage x Fenty is a collaborative venture between Rihanna and Techstyle. Techstyle owns Kate Hudson’s Fabletics and ShoeDazzle. Rhinna’s company has seen investments from the likes of JAY-Z’s venture firm Marcy Venture Partners LLC, as well as the growth-equity firm Avenir Growth Capital.

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