Skims has secured $225m in new funding, valuing the shapewear and apparel business at $5bn.
The round was led by Goldman Sachs Alternatives, with participation from affiliated funds of BDT & MSD Partners, according to a Goldman Sachs announcement.
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Founded in 2019 by Kim Kardashian and Jens Grede, Skims plans to use the proceeds to advance product innovation and move into additional categories.
Kardashian, who is also the chief creative officer of the company, stated: “Today’s announcement validates the hard work of our incredible team and partners who have helped us reach this exciting new chapter, becoming a global omnichannel retail brand. We can’t wait to take Skims to the next level as we continue to innovate and set the standard for our industry.”
The company, which began with women’s undergarments and shapewear, expanded into menswear in 2023. In 2025, Skims partnered with Nike to launch a new female-focused brand, NikeSKIMS, announcing: “Skims’ recent launch of the NikeSKIMS brand, in partnership with Nike Inc, exemplifies the company’s commitment to pushing boundaries and delivering industry-leading innovation.”
Skims operates 18 stores in the US and has two franchise sites in Mexico.
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By GlobalDataThe company is on course to exceed $1bn in net sales this year and is “laying the groundwork to be a predominantly physical business over the next few years,” the statement added.
Beat Cabiallavetta, global head of hybrid capital at Goldman Sachs Alternatives, stated: “Skims stands as a solutions-driven apparel innovator, pioneering new categories and redefining everyday wear. We look forward to partnering with management to pursue significant opportunities and deliver disruptive, sustained growth.”
BDT & MSD president and co-chief investment officer Greg Olafson stated: “We are pleased to support Skims in its continued growth and success, and to partner with founders who combine creativity with strong business leadership. Our investment reflects BDT & MSD’s commitment to backing exceptional entrepreneurs building enduring, innovative brands.”
