Skims valued at $5 billion after new funding round as it accelerates store expansion

Kim Kardashian's Skims marque has raised $225 cardinal successful caller backing led by Goldman Sachs Alternatives, valuing the shapewear and apparel institution astatine $5 cardinal — up from astir $4 cardinal aft its 2023 round.

The woody comes arsenic Skims nears $1 cardinal successful annual nett sales, six years aft its 2019 launch, and marks 1 of the largest backstage raises for a U.S. user marque this year. BDT & MSD Partners' affiliated funds besides joined the round, Skims said Wednesday.

Skims plans to usage the caller superior to accelerate brick-and-mortar and planetary expansion, arsenic good arsenic merchandise innovation and class diversification. The institution has 18 stores crossed the U.S. successful cities including New York, Los Angeles, Austin and Atlanta and 1 successful Mexico, with plans to unfastened further stores overseas successful 2026.

Skims said it's laying the groundwork to go a "predominantly carnal business" successful the coming years, a pivot for a institution that built its estimation arsenic a digital-first direct-to-consumer brand.

"This milestone reflects continued assurance successful our semipermanent imaginativeness and coupled with disciplined execution, positions Skims to unlock its adjacent signifier of growth," CEO and co-founder Jens Grede said successful a statement.

The caller backing follows the debut of NikeSkims, a concern with Nike that launched earlier this twelvemonth and sold retired wrong hours. The collaboration signals Skims' ambitions to standard beyond its halfway shapewear products and into activewear, apparel and show categories, pushing the marque further into the mainstream athleticwear marketplace dominated by Lululemon, a fistful of upstarts and Nike itself.

The caller superior infusion could further hold an IPO from Skims. The institution has been eyeing a nationalist debut since astatine slightest 2024, based connected statements by Grede.

The user IPO marketplace has been mostly stagnant successful 2024 and 2025, with fewer manner oregon quality brands debuting arsenic investors crook cautious connected discretionary retail. By raising caller backstage funding, Skims tin proceed to standard without contiguous unit to list.

"Skims stands arsenic a solutions-driven apparel innovator, pioneering caller categories and redefining mundane wear," said Beat Cabiallavetta, planetary caput of hybrid superior astatine Goldman Sachs Alternatives. "We look guardant to partnering with absorption to prosecute important opportunities and present disruptive, sustained growth."

Since its launch, Skims has built a cult pursuing with its inclusive sizing, minimalist aesthetic and high-profile campaigns featuring planetary athletes and celebrities. Kardashian, who serves arsenic main originative officer, said the caller backing marks "an breathtaking caller chapter" for the company.

"We can't hold to instrumentality Skims to the adjacent level arsenic we proceed to innovate and acceptable the modular for our industry," Kardashian said.