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Kim Kardashian Is Richer Than Ever After New Skims Funding Round
Skims raised $225 million to grow retail stores and launch new beauty and NikeSkims products, reaching a $5 billion valuation with expected $1 billion net sales this year.
- On Wednesday, Skims announced it raised $225 million in new funding, valuing the company at $5 billion.
- Skims plans to use the new funds to open more stores and expand into beauty while targeting $1 billion in net sales this year, CEO Jens Grede said.
- With 18 U.S. stores now, Skims plans to open 16 new locations this year, expanding its domestic footprint and featuring a 4,546-square-foot Sunset Strip flagship.
- Goldman Sachs Alternatives led the round with participation from Byron Trott’s BDT & MSD Partners, raising Skims' valuation by $1 billion and making it the most highly valued celebrity brand ever.
- Earlier this year, Skims acquired SKKN by Kim from the founder and Coty and earlier this month hired Diarrha N’Diaye to lead beauty and fragrance, while planning 15 stores in Israel plus standalone stores in London and Dubai by mid-2026.
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Kim Kardashian's underwear line, Skims, has reached a value of $5 billion, according to the BBC. The reality star's company recently raised $225 million in new funding.
·Amersfoort, Netherlands
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The brand, Skims, co-founded by reality TV star and entrepreneur Kim Kardashian, is reportedly valued at $5 billion after securing a new $225 million funding round. The company says it plans to use the money from investors, including a unit of Wall Street banking giant Goldman Sachs, to open more stores and expand globally. “We look forward to taking Skims to the next level as we continue to innovate and set the standard for our industry,” Karda…
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Total News Sources24
Leaning Left3Leaning Right2Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 25%
C 58%
R 17%
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