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Skims mentioned Wednesday it has raised $225 million in new funding, boosting the shapewear and attire firm’s valuation to $5 billion.
Based in 2019 by Kim Kardashian and enterprise associate Jens Grede, Skims plans to make use of the brand new funding to drive product innovation and broaden into new classes, in keeping with an announcement from Goldman Sachs.
“In the present day’s announcement validates the onerous work of our unbelievable crew and companions who’ve helped us attain this thrilling new chapter, turning into a worldwide omnichannel retail model,” Kim Kardashian, co-founder and CEO of Skims, mentioned in a press release. “We will’t wait to take Skims to the subsequent stage as we proceed to innovate and set the usual for our {industry}.”
The funding spherical was led by Goldman Sachs Options, with participation from funds affiliated with BDT & MSD Companions, as famous within the announcement.
KIM KARDASHIAN PARTNERS WITH NIKE ON NEW SKIMS BRAND
Kim Kardashian attends the NikeSkims Launch Occasion at Nike Home of Innovation Sept. 24, 2025, in New York Metropolis. (Dimitrios Kambouris/Getty Pictures for Skims / Getty Pictures)
Skims mentioned it’s on observe to exceed $1 billion in internet gross sales this yr and is “laying the groundwork to be a predominantly bodily enterprise over the subsequent few years.”
“Skims stands as a solutions-driven attire innovator, pioneering new classes and redefining on a regular basis put on,” Beat Cabiallavetta, world head of hybrid capital at Goldman Sachs Options, mentioned in a press release. “We stay up for partnering with administration to pursue vital alternatives and ship disruptive, sustained progress.”
KIM KARDASHIAN’S SKIMS INTRODUCES LINE FOR MEN
A Skims pop-up store on the Nordstrom flagship retailer in New York June 9, 2024. (Bing Guan/Bloomberg through Getty Pictures / Getty Pictures)
The corporate operates 18 U.S. shops, together with in New York, Los Angeles, Houston and Las Vegas, in addition to two franchise places in Mexico.
The model, identified for its inclusive sizing and minimalist aesthetic, has constructed a powerful following amongst youthful buyers, bolstered by Kardashian’s social media affect, in keeping with Reuters.
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Earlier this yr, Skims introduced it was partnering with Nike to launch a brand new female-focused model known as NikeSkims. (Nike)
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Earlier this yr, Skims introduced it was partnering with Nike to launch a brand new female-focused model known as NikeSkims.
“Skims’ current launch of the NikeSkims model, in partnership with Nike Inc., exemplifies the corporate’s dedication to pushing boundaries and delivering industry-leading innovation,” that announcement mentioned.
Skims didn’t instantly reply to FOX Enterprise’ request for remark.
