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Rihanna's Savage X Fenty Looks To Raise Capital For Expansion Into Athletic Wear

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Rihanna's lingerie brand, Savage X Fenty, is reportedly seeking to raise $100 million in funding. The New York Times' DealBook newsletter reports that the financing may be used to expand in Europe. According to Business Insider Savage X Fenty may launch a new line of athletic wear. Launched in May 2018, Savage X Fenty generates roughly $150 million in revenue, according to the Times. In February, however, the company was the subject of a complaint with the Federal Trade Commission over its advertising practices.

Added on the 14/12/2020 11:37:03 - Copyright : Wochit

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