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Rihanna is expanding her empire! It is no secret hair has been important to Rihanna’s identity. Now she is taking that passion into the business world. The mogul took to social media to announce Fenty Hair will launch on June 13, 2024, and cater to every hair type. “A new family is moving in! @fentyhair is pullin up and it’s time to finally have the hair experience you’ve been waiting for,” she wrote on Instagram. “You know how much switching my hair up matters to me. I’ve had almost every texture, color, length, from weaves to braids to natural- so I am launching a flexible line of products for not only every hair want, but every single product is designed to strengthen and repair all types of hair, which is what we truly need! It’s time to play and get stronger by the style . WE COMING 6/13, but sign up NOW so you can get access and shop before anyone else FENTYHAIR.COM.” View this post on Instagram A post shared by badgalriri (@badgalriri) At the time of this writing, it is...
A little while back, Rihanna announced that she would perform at the upcoming Super Bowl halftime show. This announcement had the Navy in a tizzy, as it sparked rumors about potential new music. Rihanna at the superbowl: pic.twitter.com/OlyqntS0eO — toss a coin to your witcher (@itsayosigns) September 25, 2022 Of course, the Internet did what it does best and took the rumors and created memes about how Rihanna would continue on her music hiatus and, instead, use the moment to promote her cosmetic and lingerie lines.
Rihanna is in full business mode! Just last week, AfroTech reported that the mogul is reportedly working with advisers on an initial public offering for Savage X Fenty this year, which would bring its valuation to $3 billion or more. Now, she’s said to be taking her empire to the metaverse. Rihanna has filed for a Fenty trademark through Roraj Trade LLC, Boardroom reports. The announcement comes in from trademark attorney Josh Gerben of Gerben Law, who broke the news via Twitter. “Rihanna has filed a new trademark application indicating that she will offer “virtual” cosmetics and hair care products under her FENTY brand. Coming to a virtual world near you soon…” he wrote. Rihanna has filed a new trademark application indicating that she will offer "virtual" cosmetics and hair care products under her FENTY brand. Coming to a virtual world near you soon… #Rihanna https://t.co/PhTqfi4jFu — Josh Gerben (@JoshGerben) March 15, 2022
Business for Rihanna’s Savage X Fenty has been booming as of late. In January, AfroTech previously shared that the lingerie brand raised $125 million in a Series C funding round — bringing its total venture capital funding to $310 million. The round included participation from Neuberger Berman, L Catterton, Avenir, Sunley House Capital, and Jay-Z’s Marcy Venture Partners. According to Savage X Fenty co-presidents Christiane Pendarvis and Natalie Guzman, the new funding is for “retail domination.” The brand’s evolution continues as Rihanna is reportedly looking to take it public. According to Bloomberg, the business maven has been “working with advisers on an initial public offering” that could possibly take Savage X Fenty to a valuation of $3 billion or more. The banks that her company is said to be working with is Goldman Sachs Group Inc. and Morgan Stanley, according to the outlet’s sources. The listing could go into effect this year, but nothing has been publicly confirmed yet by...
We’ve all experienced the inevitable hassle of trying to find our right size while shopping for clothes — especially for bras — but who other than Rihanna to swoop in and save the day. The singer is coming to the rescue, and the “S” on her chest stands for Savage X Fenty. With the lingerie brand’s first-ever brick-and-mortar store now opened in Las Vegas, the store also debuted its augmented reality (AR) technology from apparel matching platform Fit:Match, according to Adweek. “We’re extremely pleased to partner with Fit:Match to lead innovation in the shopping experience and eliminate the fit question for our Savage X Fenty customers,” co-presidents Christiane Pendarvis and Natalie Guzman shared in a statement.
In the words of the pop icon herself, “that Rihanna reign just won’t let up!” Right along with the news of Savage X Fenty’s debut brick-and-mortar store in Las Vegas, it has been announced that there is more to come for the successful lingerie brand. Forbes reports that the company had a new funding round of $125 million led by Neuberger Berman.
It’s finally here, Rihanna’s Savage X Fenty is set to open its very own retail stores. On Friday, Jan. 7, Rihanna announced in a tweet that the $1 billion lingerie brand will expand to include brick-and-mortar stores starting with a handful of cities in the U.S. 2022, we coming in HOT! we bout to bring you a whole new #SavageXFenty experience with the launch of our brick-and-mortar retail stores! pic.twitter.com/KbAI937ZBx — Rihanna (@rihanna) January 7, 2022 “2022, we coming in HOT! We bout to bring you a whole new #SavageXFenty experience with the launch of brick-and-mortar retail stores,” the singer wrote in a tweet accompanied by an exclusive mockup of the upcoming store.
Mega-superstar Rihanna has climbed the top ranks of music, beauty, and fashion in less than a decade. Now she’s officially the owner of a billion-dollar lingerie brand. According to Forbes, her highly-successful Savage x Fenty brand has just hit another major milestone after raising its $115 million Series B funding round – bringing it to a $1 billion valuation. LVMH-backed private equity firm L Catterton reportedly had a hand in helping the brand secure this investment round for its upcoming retail and athletic wear expansion. According to a statement from Savage x Fenty, the brand saw revenue growth of over 200% last year and “increased its active VIP member base by more than 150%.” Prior to this latest funding round, Rihanna’s estimated stake in the company was worth $85 million. According to Forbes, Rihanna's ‘Savage X Fenty’ has reached $1 billion valuation in lingerie equity. It is expected to become the global lingerie market leader by 2025. pic.twitter.com/sl0CHVNmYn — Pop...
Savage X Fenty, the lingerie line curated by international pop superstar Rihanna , has just announced that it’s closed a $115 million Series B funding round. According to Marketwatch, while this funding round — which was led by private-equity firm L Catterton — will be used to get the popular brand into brick-and-mortar stores, the news comes hot on the heels of the announcement that the high-end Fenty line, which was released in partnership with LVMH, will “pause” production. This, ultimately, has a two-fold meaning for Rihanna’s business ventures. Fenty’s “pausing” is indicative of the near-demise of high-end fashion in the wake of the coronavirus pandemic. In a statement, LVMH has said that it’s halting the production of the high-end line in the hopes that it can pick it up again when the availability presents itself. “Rihanna and LVMH have jointly made the decision to put on hold the ready-to-wear activity, pending better conditions,” a company spokesman said to WWD. However,...
What do Rihanna and TikTok have in common? They both recognize the rise of trendsetters and are providing a space for them to express their creativity. TikTok is now the newest social media phenomenon to take over in 2020, quickly becoming the go-to platform for creators. Rihanna, being the innovator she is, has been known to stay ahead of the curve and in sync with new trends so it’s no surprise that her makeup brand has gotten ahold of TikTok. She’s now partnering with the visual social media platform to fulfill her vision to provide the “next wave of content creators” a setup to launch their new ideas in what is now the Fenty Beauty TikTok House. She recently unveiled the creative space in Los Angeles, which is completely decked out with video-ready natural lighting, mirrors, and a pool. “We are standing in the official first Fenty Beauty TikTok home,” Rihanna announced at the unveiling . “I just wanted to create a platform for the next wave of content creators. I think our...
A group of students claims a New York school backed by Jay-Z underdelivered on its promise. According to the Gothamist, a group of students is alleging that the Roc Nation School of Music, Sports & Entertainment at Long Island University (LIU) Brooklyn overpromised on financial awards to fund their eduction. Several offer letters the students have received from the school describe incentives such as a “full-tuition scholarship” and “financial grants” that would allow them “to graduate without debt.” However, the letters did not mention that the financial awards would not cover housing costs or certain academic fees, which can add up to more than $22,000 per year. “I am pleased to share that you have been awarded a Hope full-tuition scholarship… This scholarship, combined with financial grants will allow you to graduate without debt. As a Hope scholar, you don’t have to worry about tuition charges,” an email from the school’s academic adviser read. One student, Justice Stephenson,...
Black wealth, especially at the billionaire level, remains a statistical anomaly in global finance. But in 2025, that narrative continues to shift — if only incrementally. According to Forbes, out of 3,028 billionaires worldwide, only 23 are Black, representing less than 1% of the list. Despite this underrepresentation, these 23 individuals collectively hold an impressive $96.2 billion in wealth. The figures tell one story. The names behind them tell another story — one of legacy, innovation, cultural power, and long-game strategy. This year, two notable newcomers joined the global roster of Black billionaires: Sheila Johnson, the media and hospitality powerhouse, and Herriot Tabuteau, a biotech founder with a focus on brain health. Both represent not only financial achievement but industry-specific influence in spaces where Black leadership is often overlooked or underestimated. Who’s New To The 2025 Black Billionaires List? Sheila Johnson, widely known as the co-founder of Black...
TikTok creator Anayka She was once severely underpaid by her agency. The beauty creator and artist from Brooklyn, NY, who has amassed 1.7 million followers on TikTok, took to the platform to discuss compensation in comparison to white counterparts such as Bran Flakezz, born Brandon Edelman. He shared that he earned $768,000 in 2024 as a content creator. He currently has 1.1 million followers on TikTok. It is widely known that Black individuals have to work ten times harder just to see half the success of their white counterparts. She reveals that while being managed at Carter Agency, which is led by Josh Popkin, she was misled about her earnings from brand deals. “The head of Carter Agency, Josh Popkin, this is what he would do. He would tell you that the brand deal was $2,000. It was actually $10,000,” she explained in a TikTok video. “He would take that $8,000, then take the 20% fee off of the $2,000. And guess what? He was targeting Black women mainly. When we all found out and...