Kim Kardashian’s Skims Valued at $5 Billion in New Funding Round

Kim Kardashian’s apparel brand Skims is raising new funds at a $5 billion valuation as the company looks to expand its store network and add new products.

The $225 million round was led by Goldman Sachs Alternatives and joined by funds affiliated with BDT & MSD Partners. Skims expects to surpass $1 billion in net sales in 2025.

Kim Kardashian

Photographer: Dimitrios Kambouris/Getty Images

“Today’s announcement validates the hard work of our incredible team and partners who have helped us reach this exciting new chapter, becoming a global omnichannel retail brand,” Kardashian, Skims’ cofounder and chief creative officer, said in a statement.

Skims ...