Kim Kardashian has done what few celebrity founders manage—turn a personal brand into a global business benchmark. Her shapewear label Skims just reached a $5 billion valuation after securing $225 million in new funding led by Goldman Sachs Alternatives.
In six years, the company grew from a niche start-up into a fashion powerhouse aiming for $1 billion in annual sales.
Co-founded with entrepreneur Jens Grede in 2019, Skims built its following through inclusive sizing, streamlined design, and a strong marketing strategy. The new capital will fund more stores, product innovation, and international expansion.
With 18 U.S. retail locations and its first overseas branches planned for 2026, Skims is now shifting focus from online dominance to a larger physical footprint.
Partnerships have been key to its momentum. The NikeSkims collection sold out within hours, pushing the brand into the athleticwear space dominated by Lululemon and Alo Yoga. Investors point to that success as proof of efficient execution and long-term growth potential.
Kardashian’s leadership keeps Skims focused on growth and execution. Every launch, from new categories to collaborations, strengthens its position in the lifestyle and apparel market.
The recent valuation reflects that steady rise and signals confidence from major backers like Goldman Sachs and BDT & MSD Partners.
The $5 billion valuation marks Skims’ full arrival in the global fashion scene. Expansion continues across major markets as the brand cements its role in shaping modern apparel built on inclusivity and influence.
