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Skims stated 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 companion Jens Grede, Skims plans to make use of the brand new funding to drive product innovation and increase into new classes, in response to an announcement from Goldman Sachs.
“At present’s announcement validates the laborious work of our unbelievable workforce and companions who’ve helped us attain this thrilling new chapter, changing into a world omnichannel retail model,” Kim Kardashian, co-founder and CEO of Skims, stated in a press release. “We will’t wait to take Skims to the following 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 Photos for Skims / Getty Photos)
Skims stated it’s on monitor to exceed $1 billion in web gross sales this 12 months and is “laying the groundwork to be a predominantly bodily enterprise over the following few years.”
“Skims stands as a solutions-driven attire innovator, pioneering new classes and redefining on a regular basis put on,” Beat Cabiallavetta, international head of hybrid capital at Goldman Sachs Options, stated in a press release. “We sit up for partnering with administration to pursue important 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 Photos / Getty Photos)
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 robust following amongst youthful customers, bolstered by Kardashian’s social media affect, in response to Reuters.
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Earlier this 12 months, Skims introduced it was partnering with Nike to launch a brand new female-focused model referred to as NikeSkims. (Nike)
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Earlier this 12 months, Skims introduced it was partnering with Nike to launch a brand new female-focused model referred to as NikeSkims.
“Skims’ latest 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 stated.
Skims didn’t instantly reply to FOX Enterprise’ request for remark.
