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Rihanna’s underwear company Savage X Fenty was estimated to be worth $3 billion earlier this year, which is roughly the same as the market cap of Victoria’s Sec
by pavlov 4y ago
Rihanna’s underwear company Savage X Fenty was estimated to be worth $3 billion earlier this year, which is roughly the same as the market cap of Victoria’s Secret.
Probably that estimate would be lower now, given the market downturn. But clearly she’s well on her way to building up a competitor to the established brands.
- deleted 4y ago[deleted]
- Kranar 4y agoDon't see any evidence that it's worth 3 billion dollars. All I see is a quote from Rihanna herself saying she thinks her company can raise that much by the time they IPO. Forbes estimates the value of her company at 1 billion on the high end. And while it's true that VSCO's current market cap is 3 billion, at the time that Rihanna made her comment VSCO's market cap was 5-6 billion. It has dropped significantly in recent months.
- deleted 4y ago[deleted]