The news of Savage x Fenty’s valuation surfaced following a round of Series B funding that was recently completed for Savage X Fenty which raised $115million. Those funds are expected to help the brand expand into retails stores and develop an athletic wear line.
“Following the completion of the fundraising round where L Catterton took a stake in Savage X Fenty, LVMH and Rihanna reaffirmed their ambition to concentrate on the growth and the long-term development of Fenty ecosystem focusing on cosmetics, skincare, and lingerie,” said Rihanna and LVMH in a joint statement.
Source: billboard.com
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