Rihanna, considers IPO for her lingerie Savage X Fenty!
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
*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.
Source:Bllomberg/Forbes/Thejournalbiz
Photo:Rihanna
