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: Rihanna’s Savage x Fenty closes funding round, heating up competition in lingerie category

Savage x Fenty, the lingerie brand designed by pop music star Rihanna, announced Wednesday that it has closed a $ 115 million Series B fundraising round, led by private-equity firm L Catterton. Savage x Fenty plans to use the funds for further customer acquisition and expansion into retail. Revenue for the …

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