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Abu Dhabi – Mubasher: Multiply Group, a subsidiary of International Holdings Company (IHC), has invested AED 92 million ($25 million) in Rihanna’s Savage X Fenty.
The investment is made by MG Wellness Holding, a wholly-owned subsidiary of Multiply Group, according to a bourse filing on Thursday.
Since its launch in 2018, Savage X Fenty has achieved a 150% compound annual growth rate (CAGR) of revenues.
Source:
Mubasher
