Kim Kardashian’s shapewear brand Skims has raised $225 million in capital in a deal that values the company at $5 billion. Skims plans to use the funds to fuel brick-and-mortar retail growth, building on its 18 owned U.S. retail stores and two franchise doors in Mexico, with plans to become a predominantly physical business over the next few years.
The financing round was led by Goldman Sachs Asset Management with participation from BTD & MSD Partners’ affiliated funds. Skims will use the capital to invest in product innovation and category expansion as it seeks to solidify the company’s position within intimates and shapewear while scaling up its presence in apparel and activewear. A collaboration between Nike and Skims debuted in September 2025 after technical snags had delayed the launch.
“Skims stands as a solutions-driven apparel innovator, pioneering new categories and redefining everyday wear,” said Beat Cabiallavetta, Global Head of Hybrid Capital at Goldman Sachs Alternatives in a statement. “We look forward to partnering with management to pursue significant opportunities and deliver disruptive, sustained growth.”
“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,” said Kim Kardashian, Co-founder and Chief Creative Officer at Skims in a statement. “We can’t wait to take Skims to the next level as we continue to innovate and set the standard for our industry.”
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