Rihanna's Savage X Fenty Looks To Raise Capital For Expansion Into Athletic Wear
- 3 years ago
Rihanna's lingerie brand, Savage X Fenty, is reportedly seeking to raise $100 million in funding.
The New York Times' DealBook newsletter reports that the financing may be used to expand in Europe.
According to Business Insider Savage X Fenty may launch a new line of athletic wear.
Launched in May 2018, Savage X Fenty generates roughly $150 million in revenue, according to the Times.
In February, however, the company was the subject of a complaint with the Federal Trade Commission over its advertising practices.
The New York Times' DealBook newsletter reports that the financing may be used to expand in Europe.
According to Business Insider Savage X Fenty may launch a new line of athletic wear.
Launched in May 2018, Savage X Fenty generates roughly $150 million in revenue, according to the Times.
In February, however, the company was the subject of a complaint with the Federal Trade Commission over its advertising practices.