ALLOFTHIS
Team Owner
I was reading a Page Six article that got me confused real quick in regards to Rihanna's high end fashion line with LVMH. The below excerpt has me puzzled.
But don’t cry for the bad gal just yet. Per WWD, Rihanna’s affordable Savage x Fenty lingerie line isn’t shutting down and recently secured $115 million through a Series B fundraising round led by L Catterton, in which LVMH has a stake.
Can someone explain the bolded? What is a series B? Who is L Catterton? Am I in the wrong field?
I'm just intrigued by various professions and anything big money related lol
But don’t cry for the bad gal just yet. Per WWD, Rihanna’s affordable Savage x Fenty lingerie line isn’t shutting down and recently secured $115 million through a Series B fundraising round led by L Catterton, in which LVMH has a stake.
Can someone explain the bolded? What is a series B? Who is L Catterton? Am I in the wrong field?
I'm just intrigued by various professions and anything big money related lol