Rihanna’s Savage X Fenty Is Officially A $1 Billion Lingerie Empire

Rihanna’s Savage X Fenty lingerie line is now worth $1 billion, according to a new evaluation. RiRi’s brand reached the major milestone after a round of Series B funding that raised $115 million for the company’s upcoming expansion into retail, Forbes reports. Private equity firm L Catterton, in which LVMH has a stake, reportedly helped the brand secure the investment for its upcoming athletic wear expansion. Read more at Highsnobiety.