Rihanna’s Savage X Fenty raises $125M with new UAE investors

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Al-Araby

An Abu Dhabi-based investment firm linked to a top security official in the United Arab Emirates said Thursday it has invested $25 million in Savage X Fenty, the lingerie company co-founded by megastar and business mogul Rihanna. Savage X Fenty also raised new investment from the Abu Dhabi Growth Fund, owned by the Abu Dhabi government. It comes as Rihanna’s lingerie brand this week reportedly secured $125 million in a third round of capital raised as it opens its first retail store in Las Vegas. The brand plans to open other brick-and-mortar locations in malls in Los Angeles, Philadelphia, Wa…

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