Summary • SKIMS, co-founded by Kim Kardashian, secured $225 million in new funding, raising the brand’s valuation to $5 billion USD. • The company plans to use the new capital to accelerate global expansion and its shift toward a predominantly physical retail business model • Skims is projected to exceed $1 billion in net sales this year and is now positioned as a strong candidate for a future Initial Public Offering (IPO)

SKIMS, the rapidly expanding shapewear and apparel brand co-founded by Kim Kardashian and CEO Jens Grede, has cemented its status as a market powerhouse after closing a new funding round that values the company at an astronomical $5 billion USD. The company secured $225 million USD in fresh capital, led by investment giant Goldman Sachs Alternatives.

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