Rihanna’s lingerie brand, Savage X Fenty, has a new CEO: Hillary Super, former CEO of Anthropologie Group and a veteran of such apparel companies as Guess, American Eagle and Gap. According to various reports, Vogue Business, Rihanna will remain the company’s executive chairman.
Hiring Super as CEO could help Savage X Fenty’s growth ambitions and lend it more credibility on Wall Street. Last year, the company raised $125 million, bringing its total funding to $310 million, reports claimed Savage X Fenty was working with banks in preparation for a possible initial public stock offering at a $3 billion valuation. The company’s success raised Rihanna’s personal net worth to $1.7 billion, according to Forbes, making the singer the second-wealthiest female entertainer behind Oprah Winfrey.
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