Kim Kardashian's Skims Valued at $5 Billion After $225 Million Funding Round
Skims has raised $225 million in new capital, bringing the company's valuation to $5 billion. The funding round was led by Goldman Sachs Alternatives, with participation from BDT & MSD Partners’ affiliated funds. The proceeds will be used to broaden Skims' intimates and shapewear lines, expand into apparel and activewear, enhance retail presence, and support international growth.
Skims is projected to exceed $1 billion in net sales in 2025. The brand has a partnership with Nike to launch women's activewear. Currently, Skims operates 18 retail stores across the United States and two franchise locations in Mexico. The company aims to become predominantly a physical retail business in the coming years.
Following this funding round, Skims' valuation surpasses the combined market capitalizations of Victoria's Secret ($2.86 billion) and Under Armour ($1.98 billion). Earlier this year, Coty sold a 20% stake in Kardashian's beauty brand SKKN to Skims, consolidating the two brands under one umbrella. Forbes estimates Kim Kardashian's net worth at approximately $1.9 billion after the deal, an increase of roughly $200 million.
