Kim Kardashian’s shapewear brand Skims hits $5bn valuation

NOV 13 - Skims, the shapewear brand co-founded by celebrity and entrepreneur Kim Kardashian, says it is now valued at $5bn (£2.93bn) after raising $225m Kenya breaking news | Kenya news today |..

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Kim Kardashian's shapewear brand, Skims, has reached a valuation of $5 billion after securing $225 million in new funding. The company plans to use this capital to open more physical stores and expand globally.

Skims, co-founded by Kim Kardashian, gained a $5 billion valuation.
The funding round of $225 million included investment from an arm of Goldman Sachs.
Skims expects sales to exceed $1 billion this year and will focus on expanding its physical retail presence worldwide.

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