Savage X Fenty was founded in 2018 by Robyn Rihanna Fenty. In March 2022, Forbes and Bloomberg reported that the company was engaged in talks with Morgan Stanley and Goldman Sachs about the possibility of a public offering.
Savage X Fenty is a lingerie and underwear brand that seeks to promote a more inclusive marketing approach to the industry. Along with its ecommerce presence, the company also maintains a number of physical retail locations. Savage X Fenty has raised more than $300 million in venture capital funding from investors including Neuberger Berman, L Catteron, Marcy Venture Partners, Multiply Group, the Abu Dhabi Growth Fund, Avenir Growth Capital, and TriplePoint Ventures. While the company did not disclose valuation figures after a Series C funding round raised $125 million in 2022, news outlets have reported that the IPO talks could value Savage X Fenty at as much as $3 billion.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.