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Skims announced on Wednesday it raised $225 million in new funding, bringing the shapewear and apparel company’s value to $5 billion.
Skims, started in 2019 by Kim Kardashian and business partner Jens Grede, plans to use the new funding to drive product innovation and expand into new categories, Goldman Sachs announced.
“This latest round will allow us to continue to innovate and set the standard in the industry.” said Kim Kardashian, Skims co-founder and CEO, in a statement. “The announcement today is a testament to the incredible team and partners that have helped Skims get to this exciting new chapter, becoming a global, omnichannel retail brand. We look forward to taking Skims to the next level.”
The funding round was led by Goldman Sachs Asset Management’s Alternative Investing arm, with participation from funds affiliated with BDT & MSD Partners, the announcement stated.
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Kim Kardashian attends the NikeSkims Launch Event at Nike House of Innovation New York on September 24, 2025. (Dimitrios Kambouris/Getty Images for Skims / Getty Images)
Skims, which anticipates over $1 billion in net sales this year, said it is “laying the groundwork to transition primarily into physical retail in the coming years.”
“Skims is redefining the everyday wear market and pioneering new categories as a solutions-oriented apparel innovator,” Beat Cabiallavetta, global co-head of Hybrid Capital within Goldman Sachs Asset Management, said in a statement. “We are thrilled to partner with the management team to pursue the significant opportunities ahead and deliver disruptive, long-term growth.”
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Skims pop-up store at Nordstrom flagship store in New York on June 9, 2024. (Bing Guan/Bloomberg via Getty Images / Getty Images)
The company operates 18 stores in the U.S. — including in New York, Los Angeles, Houston and Las Vegas — and two franchise locations in Mexico.
Known for inclusive sizing and a minimalist aesthetic, the brand has built a strong following among younger shoppers, bolstered by Kardashian’s social media influence, Reuters reported.
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Earlier this year, Skims announced it was partnering with Nike to launch a new women-focused brand, NikeSkims. (Nike)
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Earlier this year, Skims announced it was partnering with Nike to launch a new women-focused brand, NikeSkims.
“Skims recent collaboration with Nike Inc. to launch the NikeSkims brand is a prime example of its willingness to push boundaries and deliver industry-leading innovation,” the release stated.
Skims did not immediately respond to FOX Business’ request for comment.
