Kim Kardashian’s Skims Reaches $5 Billion Valuation After New Funding

Los Angeles — Skims, the shapewear and lifestyle brand co-founded by Kim Kardashian, has reached a valuation of $5 billion after securing $225 million in new funding from investors, including Goldman Sachs.

The company said the fresh capital will support global expansion and new retail stores, as it plans to grow its physical presence beyond its current 18 U.S. locations.

“We can’t wait to take Skims to the next level as we continue to innovate and set the standard for our industry,” Kardashian said in a statement.

Founded in 2019, Skims began with a line of body-sculpting undergarments and has since expanded into loungewear, activewear, and fashion essentials. The brand expects sales to exceed $1 billion this year, according to CEO Jens Grede.

The funding round marks one of the largest consumer brand investments in the U.S. this year and reflects strong investor confidence despite growing competition from Lululemon and Alo Yoga.

Skims’ influencer-driven marketing, featuring Kardashian and other celebrities such as Megan Fox and Paris Hilton, has helped the brand secure a global following.