Rihanna's lingerie brand Savage X Fenty has received new funding from investors while gaining ground on Victoria's Secret
Rihanna’s lingerie brand Savage X Fenty has received new funding from investors following a strong first year, bringing the total amount invested in the company to roughly $70 million, according to people familiar with the situation.
The brand, a joint venture between Rihanna and venture-backed fashion platform Techstyle Fashion Group, raised capital from investors including rapper Jay-Z’s venture firm Marcy Venture Partners LLC and growth-equity firm Avenir Growth Capital. Rihanna and Techstyle also have invested in the new...
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