Kim Kardashian’s ‘Skims’ Clothing Line Is Now Worth $4 Billion

Kim Kardashian’s ‘Skims’ Clothing Line Is Now Worth $4 Billion According To NY Times

Four years into its existence, Skims, the apparel company co-founded by Kim Kardashian, has become a unicorn four times over.

Skims has raised $270 million in a new funding round that values it at $4 billion, the company plans to announce on Wednesday.

That’s up from the $3.2 billion valuation investors gave the company last year. Ms. Kardashian and her business partner, Jens Grede, have sought to turn Skims into the next big apparel brand.

 

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“It has grown quickly and we’re so proud of that,” Ms. Kardashian said in an interview.

Skims was a trending topic last week after a TikToker claimed the bodysuit kept her alive after being shot four times. According to the woman, the Skims bodysuit she was wearing applied enough pressure to her wounds to save her life.

She added that the shapewear was like “armor for women” and thanking the owner and founder of the shapewear company, Kim Kardashian.

Wiley was shot four times in Kansas City, Missouri, on New Year’s Eve and suffered a ruptured bladder and cracked pelvis, according to reports from KCTV, a local television station.