Skims Secures US$225M Funding at US$5B Valuation

Significant Investment in Apparel Brand

Skims, the shapewear brand founded by reality TV star and entrepreneur Kim Kardashian along with Jens Grede, has successfully raised US$225 million in a new funding round, bringing the company's valuation to US$5 billion. The investment was led by Goldman Sachs Alternatives, with participation from affiliate funds of BDT & MSD Partners.

Growth and Market Position

This substantial investment underscores Skims' rapid growth trajectory in the competitive apparel market. The brand has successfully leveraged Kardashian's celebrity status while establishing itself as a significant player in the shapewear segment. The funding demonstrates investor confidence not just in Kardashian's personal brand but in the company's business fundamentals and growth potential.

Investment Details

The funding round was led by Goldman Sachs Alternatives, a major player in private investment strategies. BDT & MSD Partners also participated through their affiliate funds, adding to the credibility and strength of the investment consortium. This significant backing is expected to fuel Skims' further expansion in the global apparel market.