Skims is now a $5 billion brand, thanks to the completion of a $225 million capital raise.

The round, announced on Wednesday, was led by Goldman Sachs Alternatives with participation from BDT & MSD Partners’ affiliated funds. “This milestone reflects continued confidence in our long-term vision and coupled with disciplined execution, positions Skims to unlock its next phase of growth,” Jens Grede, co-founder and CEO, said in a statement. “Today’s announcement validates the hard work of our incredible team and partners who have helped us reach this exciting new chapter, becoming a global omnichannel retail brand,” co-founder and chief creative officer Kim Kardashian said. “We can’t wait to take Skims to the next level as we continue to innovate and set the standard for our industry.”

With

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