Kim Kardashian’s revolutionary shapewear and apparel brand, Skims, has reached an astronomical valuation of $5 billion after closing a major new funding round. The company announced on Wednesday that it successfully secured $225 million in new capital, with the funding round led by Goldman Sachs Alternatives and participation from funds affiliated with BDT & MSD Partners. This milestone firmly positions Skims as one of the most valuable private consumer brands in the United States.
The Skims $5 Billion Valuation marks a significant increase from its $4 billion valuation achieved in 2023, reflecting the brand’s massive, sustained growth since its 2019 debut. According to co-founder and CEO Jens Grede, the brand is on track to surpass $1 billion in net sales this year, driven by its successful expansion beyond shapewear into loungewear, activewear, and men’s basics. This valuation now places Skims ahead of legacy competitors like Victoria’s Secret and Under Armour combined.
Kim Kardashian, who serves as Chief Creative Officer, emphasized the company’s forward-looking strategy. The fresh capital will be deployed to aggressively fund Skims’ transition from a digital-first business to a predominantly physical retail brand, accelerating international growth and a wave of new store openings. “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.
The impressive Skims $5 Billion Valuation is a testament to the brand’s successful strategy of blending inclusive sizing and a strong digital presence with high-quality, solutions-driven apparel. This latest investment strengthens Skims’ market position and further establishes it as a major candidate for a potential Initial Public Offering (IPO) in the coming years.
