Kim Kardashian‘s popular clothing line,
Skims, has achieved a value of $4 billion, surpassing last year’s evaluation by nearly $1 billion.
Recently, Skims secured an additional $270 million in funding according to The New York Times, boosting the brand’s financial standing even further.
Skims had a valuation of $3.2 billion at the start of 2022, following a financing round that raised $240 million. Just a
year prior, the brand was valued at $1.6 billion, indicating its rapid growth.
Furthermore, Skims is projected to achieve net sales of $750 million in 2023, surpassing the nearly $500 million it
earned in 2022.
Skims, founded in 2019 by Kim Kardashian, Emma Grede, and Jens Grede, has achieved significant success in just 4 years.
Rumors also circulated that Kim’s ex-husband, Kanye West,
worked as a “Ghost Creative Director” for the brand.
Skims has made a significant impact on the apparel industry since its launch and was even included on TIME’s List of 100
Most Influential Companies in 2022.
Despite being a privately owned brand, Skims’ $4 billion valuation demonstrates its continued success and strong
financial position.
Frequently Asked Questions
1. When was Skims founded?
Skims was founded in 2019 by Kim Kardashian, Emma Grede, and Jens Grede.
2. How much funding did Skims recently secure?
Skims recently secured an additional $270 million in funding.
3. What is Skims’ projected net sales for 2023?
Skims is expected to achieve net sales of $750 million in 2023.
4. Did Kanye West work for Skims?
There were rumors that Kim Kardashian’s ex-husband, Kanye West, worked as a “Ghost Creative Director” for Skims.
5. Has Skims received any notable recognition?
Skims was included on TIME’s List of 100 Most Influential Companies in 2022.
Conclusion
Kim Kardashian’s Skims clothing line has achieved remarkable success, reaching a valuation of $4 billion, $1 billion higher
than the previous year. With recent funding and projected net sales, Skims is set to continue its upward trajectory in the
fashion industry. Founded just four years ago, Skims has become an influential brand, solidifying its position as a
powerhouse in the apparel market.
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