April 15, 2024
All your news, One Platform!
Search
Generic filters

Kim Kardashian’s Skims Clothing Line Soars to Staggering $4 Billion Valuation

July 22, 2023

 

 

 

 

 

 

 

Photo Credit: TMZ

Kim Kardashian’s fashion empire, Skims, is on an unstoppable trajectory, surpassing the incredible milestone of a $4 billion valuation. This remarkable growth is a staggering $1 billion increase from the previous year’s evaluation, firmly establishing Skims as a major player in the industry.

Recently, Skims secured an impressive $270 million in funding, as reported by The New York Times, propelling the brand into new financial heights. This fresh injection of capital is a testament to the company’s compelling vision and strong market appeal.

In just four years since its inception in 2019, Skims has made an indelible mark on the apparel industry. Co-founded by Kim Kardashian, Emma Grede, and Jens Grede, the shapewear line quickly became a staple for fashion enthusiasts, earning a well-deserved spot on TIME’s List of 100 Most Influential Companies last year.

The growth trajectory of Skims has been nothing short of extraordinary. At the beginning of 2022, the company’s valuation stood at $3.2 billion following a successful financing round that raised $240 million. Now, with the projected net sales set to reach an impressive $750 million in 2023, up from nearly $500 million in the previous year, the brand continues to soar.

Despite its meteoric rise, Skims remains a private company, indicating that there is still plenty of untapped potential and opportunities for further expansion. With Kim Kardashian at the helm, Skims is undoubtedly a force to be reckoned with in the fashion industry, and its success shows no signs of slowing down.

 

Source: TMZ

Leave a Reply

Your email address will not be published. Required fields are marked *

cross-circle
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram