Rihanna, considers IPO for her lingerie Savage X Fenty!

Mar 11, 2022 thejournalbiz

Global pop star and the owner of a premium lingerie company Savage X Fenty, Rihanna is reportedly working with advisors on an (IPO) or initial public offering

Savage X Fenty has been extensively cooperating with the likes of Goldman Sachs Group Inc. and Morgan Stanley, Bloomberg finds.

The listing could happen as soon as this year.

*Bloomberg tweet on Savage X Fenty’s IPO

EXCLUSIVE: Rihanna is working on an IPO that could value her Savage X Fenty lingerie company at $3 billion or more, sources say https://t.co/BiwRPlR57F pic.twitter.com/96AZ4nT7WE

— Bloomberg (@business) March 11, 2022

Hot and spicy, brand was launched in 2018 and slowly become a global leader in inclusive lingerie.

Rihanna’s decision on an IPO, could value her lingerie company at $3 billion, Bloomberg reports.

In August 2021, Forbes estimated Rihanna’s net worth near $1.7 billion—making her the wealthiest female musician in the world and second only to Oprah Winfrey as the richest female entertainer.

Rihanna’s fortune comes from her makeup line Fenty Beauty, (worth about $1.4 billion)

The remaining $270 million is split between the Savage X Fenty online business and her music career, Forbes estimates.

**TikTok Savage Fenty store in Las Vegas*

@savagexfenty

A sneak peek into our IRL Vegas retail Xperience. #VegasIsSavage #SavageXIRL

♬ That Girl Is A Savage – Savage X Fenty

*Savage X Fenty the physical storefront, recently opened in Las Vegas.

The store features a tech-enabled fit experience allowing customers to receive a body scan with augmented reality that creates a 3D avatar similar to their body type, Retail Dive reports.