Skims achieves $5 billion valuation

Skims, the shapewear brand co-founded by Kim Kardashian, has reached a valuation of $5 billion after securing $225 million in new funding from investors, including Goldman Sachs. The company plans to utilize this investment to expand its retail presence and global reach. Kardashian expressed enthusiasm for advancing Skims and setting industry standards. This funding round is notable as one of the largest for a US consumer brand this year, amidst strong competition from brands like Lululemon.

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