Skims Valued at $5 Billion Following Funding Boost
TL;DR Summary
Skims, founded by Kim Kardashian, has raised $225 million in new funding led by Goldman Sachs, valuing the company at $5 billion. The funds will be used to expand its physical stores, international presence, and product offerings, including activewear through a partnership with Nike. The company aims to become predominantly a brick-and-mortar business and continues to grow without rushing to an IPO, which has been delayed due to market conditions.
- Skims valued at $5 billion after new funding round as it accelerates store expansion CNBC
- Kim Kardashian’s Skims Is Worth an Extra Billion Dollars The New York Times
- Kim Kardashian’s Skims valued at $5bn after raising new funding The Guardian
- Kim Kardashian Is Richer Than Ever After New Skims Funding Round Forbes
- Kim Kardashian's SKIMS is already worth more than e.l.f. Beauty, Crocs, and Signet Seeking Alpha
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