Skims shapewear and apparel
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Kim Kardashian's Skims hits $5B valuation milestone in massive new $225M funding round
Fox Businessยท 2025-11-14 00:58
Funding and Valuation - Skims has raised $225 million in new funding, increasing its valuation to $5 billion [1] - The funding round was led by Goldman Sachs Alternatives, with participation from BDT & MSD Partners [2] Business Strategy and Growth - Skims plans to use the new funding to drive product innovation and expand into new categories [1] - The company is on track to exceed $1 billion in net sales this year and aims to become a predominantly physical business in the coming years [5] - Skims is recognized as a solutions-driven apparel innovator, focusing on pioneering new categories and redefining everyday wear [5] Market Presence and Partnerships - Skims operates 18 U.S. stores and two franchise locations in Mexico, with a strong following among younger shoppers [8] - The brand has recently partnered with Nike to launch a new female-focused brand called NikeSkims, showcasing its commitment to innovation [11]