Rihanna’s underwear company Savage X Fenty was estimated to be worth $3 billion earlier this year, which is roughly the same as the market cap of Victoria’s Secret.
Probably that estimate would be lower now, given the market downturn. But clearly she’s well on her way to building up a competitor to the established brands.
Don't see any evidence that it's worth 3 billion dollars. All I see is a quote from Rihanna herself saying she thinks her company can raise that much by the time they IPO. Forbes estimates the value of her company at 1 billion on the high end.
And while it's true that VSCO's current market cap is 3 billion, at the time that Rihanna made her comment VSCO's market cap was 5-6 billion. It has dropped significantly in recent months.
Yes. That's what market cap means. I can understand you might disagree with the valuation, but that doesn't change it.
Also, don't forget that Rihanna has something the top three beauty supply companies don't have - a growing brand. That has a massive impact on market cap.
Rihanna’s underwear company Savage X Fenty was estimated to be worth $3 billion earlier this year, which is roughly the same as the market cap of Victoria’s Secret.
Probably that estimate would be lower now, given the market downturn. But clearly she’s well on her way to building up a competitor to the established brands.
Don't see any evidence that it's worth 3 billion dollars. All I see is a quote from Rihanna herself saying she thinks her company can raise that much by the time they IPO. Forbes estimates the value of her company at 1 billion on the high end.
And while it's true that VSCO's current market cap is 3 billion, at the time that Rihanna made her comment VSCO's market cap was 5-6 billion. It has dropped significantly in recent months.
Can you just make your point?
Yes. That's what market cap means. I can understand you might disagree with the valuation, but that doesn't change it.
Also, don't forget that Rihanna has something the top three beauty supply companies don't have - a growing brand. That has a massive impact on market cap.
So her brand has a higher market cap than L'Oréal, Estée Lauder, etc?
Does her beauty line rival that of the gods? Because I don’t want another Trojan War starting.