Rihanna Hopes To Raise $100 Million for Savage x Fenty

Rihanna is looking to raise $100 million USD for her lingerie line Savage x Fenty.

According to new sources, Rihanna wants to raise funds through Goldman Sachs in order to grow her lingerie line into Europe. The brand is currently bringing in roughly $150 million USD in revenue; however it is yet to reach profitability. On the plus side, the new round of funds will push its valuation up to $1 billion USD.

The lingerie brand has raised over $70 million USD in funding, and has received backing from a number of investment firms including ACME Capital, Avenir Growth Capital, TriplePoint Ventures, and Jay-Z‘s own venture capital firm Marcy Venture Partners.