BOSS! Rihanna’s FENTY Lingerie Company Set To Debut IPO at $3 Billion Valuation

If you’re judgmental excuse me for what I’m about to say. Rihanna is phucking goals! Boss Chick, don’t give two pucks about your opinion and I’m still winning goals.

The 34-year-old fashion icon/mogul  is working with advisers on an initial public offering that could value her Savage X Fenty lingerie company at $3 billion or more, according to people familiar with the matter.

Bloomberg Reports:

Savage X Fenty is working with banks including Goldman Sachs Group Inc. and Morgan Stanley, said the people, who asked not to be identified because the information is private. A listing could happen as soon as this year, one of the people said.

Savage X Fenty hasn’t made a final decision on an IPO and its plans, including the timing, could still change, the people said.

Representatives for Savage X Fenty, Goldman Sachs and Morgan Stanley didn’t immediately respond to requests for comment.

The company raised $125 million in January in a funding round led by Neuberger Berman with participation from previous investors L Catterton, Avenir Growth Capital, Sunley House Capital Management and Jay-Z’s Marcy Venture Partners, according to data provider PitchBook.

Robyn Rihanna Fenty was born in Barbados and signed with Def Jam records in 2005, producing a string of hit-filled albums over the next decade.

Her business holdings also include Fenty Beauty, which made waves in the industry when the makeup company was launched in 2017, and Fenty Skin. Those two companies, along with Savage X Fenty, aim to provide products to customers who are often overlooked by traditional brands. Fenty Beauty, for example, boasts 40-plus foundation shades — a much wider palette than the norm — while Savage X features sizes from XS to 4XL.

Savage X Fenty has been expanding with its own brick-and-mortar stores and now lists five locations, including Culver City, California, and Las Vegas, on its website.

Kissy Denise

Celebrity Blogger Kissy Denise Reports on Injustice Murder and Ego. She's the best blogger in the game. It's KRIME to be this good at fulfilling your purpose.

Share
Published by
Kissy Denise

Recent Posts

Al B. Sure Issues Cease-and-Desist to Kim Porter Book Author! Denies Allegations of Sexual Relationship with Diddy

Al B. Sure! is launching legal action against the author of an unauthorized biography about Kim Porter, the late model…

2 months ago

Rapper Rich Homie Quan Dead at 34 After Alleged Overdose

RIP Rich Homie Quan. Rich Homie Quan, best known for hits “Flex,” “Type of Way,” and his feature on Rich…

3 months ago

25-year-old single mother of 2 found dead in Columbus home with her son and 3-month old baby

On Thursday, August 29, 2024, neighbors reported a foul smell in the 3300 block of Broadmoor Avenue in Columbus, Ohio.…

3 months ago

I Refuse To Let You Go: Judge Mathis Wants His Wife Back

"I know you want to leave me. But I refuse to let you go." Judge Mathis is out here singing…

3 months ago

Wells Fargo Employee Found Dead At Her Desk After 4 Days

TEMPE, Arizona — An investigation is underway after a Wells Fargo employee died while on the job. A new timeline…

3 months ago

Tee Hee! Tyrese Says His Club Shay Shay interview is going to do Katt Williams Numbers!

All Hail King Tyrese!  He has high expectations. According to the 'Sweet Lady' superstar, his interview with Shannon Sharpe on Club…

3 months ago