Kim Kardashian’s apparel and shapewear brand SKIMS has completed a $225m equity financing round led by Goldman Sachs Alternatives, valuing the company at $5bn.

The round also included participation from BDT & MSD Partners’ affiliated funds. The new capital will be used to expand SKIMS’ international and retail footprint, invest in product innovation, and strengthen its position in apparel and activewear.

Founded in 2019 by Kardashian and entrepreneur Jens Grede, SKIMS has become one of the world’s fastest-growing fashion brands, with net sales projected to exceed $1bn in 2025. The company currently operates 18 standalone stores across the US and two franchise locations in Mexico, with plans to continue its shift toward physical retail expansion.

“This milestone reflects continued confidence in our long-term vision and coupled with disciplined execution, positions SKIMS to unlock its next phase of growth,” said Jens Grede, Co-Founder and CEO of SKIMS. 

Beat Cabiallavetta, Global Head of Hybrid Capital at Goldman Sachs Alternatives, added: “SKIMS stands as a solutions-driven apparel innovator, pioneering new categories and redefining everyday wear.”

Kim Kardashian, Co-Founder and Chief Creative Officer, described the investment as a validation of SKIMS’ evolution from a direct-to-consumer brand to a global omnichannel retailer. “We can’t wait to take SKIMS to the next level as we continue to innovate and set the standard for our industry,” she said.

The funding round marks a major milestone for SKIMS as it transitions from a digital-first brand into an international retail powerhouse, bolstered by collaborations such as NikeSKIMS and a growing presence in apparel and activewear.

If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com.

Can`t stop reading? Read more.