[ad_1]
ReverseLogix.com CEO Gaurav Saran on how return fraud continues to hinder operations at retailers.
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 companion Jens Grede, Skims plans to make use of the brand new funding to drive product innovation and develop into new classes, in response to an announcement from Goldman Sachs.
“At this time’s announcement validates the arduous work of our unbelievable group and companions who’ve helped us attain this thrilling new chapter, turning into a world omnichannel retail model,” Kim Kardashian, co-founder and CEO of Skims, mentioned in an announcement. “We are able to’t wait to take Skims to the subsequent degree 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 Photographs for Skims / Getty Photographs)
Skims mentioned it’s on observe to exceed $1 billion in web gross sales this 12 months 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 an announcement. “We stay up for partnering with administration to pursue important alternatives and ship disruptive, sustained development.”
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 by way of Getty Photographs / Getty Photographs)
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, recognized 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.
BEAUTY POWERHOUSE E.L.F. SNAPS UP HAILEY BIEBER’S RHODE IN $1B BLOCKBUSTER DEAL
Earlier this 12 months, Skims introduced it was partnering with Nike to launch a brand new female-focused model referred to as NikeSkims. (Nike)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
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 mentioned.
Skims didn’t instantly reply to FOX Enterprise’ request for remark.
[ad_2]
