Kim Kardashian has 354 million followers on Instagram and a $5 billion company to boot.

Skims said Wednesday that it completed a $225 million capital raise that valued the company at a cool $5 billion.

For a brand that launched in 2018, that’s a rapid move up the growth curve.

The new money came from Goldman Sachs Alternatives and BDT & MSD Partners.

Skims got its start in shapewear, but has been branching out in apparel and looking more into beauty, recently hiring Diarrha N’Diaye to be executive vice president of beauty and fragrance.

Now, as the company expects to top $1 billion in net sales this year, it has a little something extra to project its brand out into the world.

Of course, Kardashian already knows how to get attention. Already this year she kept the brand in the

See Full Page