Kim Kardashian’s Skims Hits $5 Billion Valuation After New Funding Round

Skims, the shapewear company founded by Kim Kardashian and Jens Grede in 2019, has reached a valuation of $5 billion after securing $225 million in new funding, as reported by The New York Times. The company has generated more than $1 billion in annual net sales while maintaining a profitable position. The latest investment will facilitate broader international growth and the launch of additional product lines.

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