Savage X Fenty, Rihanna’s brand, completes a financing round of approximately 95 million euros, an operation that according to Forbes brings the value of the brand to one billion dollars. This was announced by L Catterton, who led the operation through his Growth Fund together with other investors including Marcy Venture Partners, Avenir, Sunley House Capital. The funds raised will be used to support the rapid growth of the company, which in the last year recorded revenues of +200 percent, and its imminent expansion into the retail world. The news comes at the same time as the decision to temporarily stop the singer’s other brand, Fenty, in Europe, pending better conditions.
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