Forbes reports that Rihanna’s Savage x Fenty lingerie line is now worth $1 billion.
The line saw a 200% revenue increase and “increased its active VIP member base by more than 150%,” according to a statement from the company.
“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,” Rihanna and LVMH said in a joint statement to WWD.
Rihanna debuted Fenty x Savage in May 2018, since then we’ve seen our favorite celebrities and entertainers sporting the racy garments.
Riri deserves all the praise for building her beauty and fashion empire.
