Kim Kardashian’s Skims , Is Now Valued at $4 Billion.
The company reached its newest
valuation after raising "$270 million in a recent funding round," 'USA Today' reports.
The shapewear brand was launched by Kardashian and Jens Grede just four years ago.
It has grown quickly, and we're so proud of that. We've had a really good flow of product launches, Kim Kardashian, via statement.
In addition to shapewear, the company now sells swimsuits and loungewear.
Men's clothing is expected
from the brand in autumn. .
Due to Skims' steady growth, the company intends
to open physical stores next year in Los Angeles
and New York City, 'USA Today' reports. .
Due to Skims' steady growth, the company intends
to open physical stores next year in Los Angeles
and New York City, 'USA Today' reports. .
Due to Skims' steady growth, the company intends
to open physical stores next year in Los Angeles
and New York City, 'USA Today' reports. .
Skims is on track to earn $750 million
in sales in 2023, up from $500 million
last year, says 'The New York Times.'.
Skims has maintained unprecedented momentum since the brand's inception.
We're thrilled to partner with the brand to support it through this pivotal growth stage, Michael Carmen, co-head of private investments
at Wellington Management, via statement.
Skims' success has raised questions about whether the company will go public.
At some point in the future, Skims deserves to be a public company, Jens Grede, chief executive of Skims, via statement