Kim Kardashian’s clothing company Skims is now worth a staggering $4 billion, the business will reportedly announce Wednesday, after raising $270 million in a new funding round.
is now worth a staggering $4 billion, the business will reportedly announce Wednesday, after raising $270 million in a new funding round. The apparel company has rocketed to its ten-digit valuation after just four years of existence and has seen an $800 million increase in the $3.2 billion valuation given to investors last year.
Skims started out selling shapewear, which is now just a minority of its overall sales after growing to offer other ranges including swimwear and loungewear. The company intends to launch a men’s clothing line this fall and open physical retail stores for the first time next year. “It has grown quickly and we’re so proud of that,” Kardashian told
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