Kim Kardashian’s brand targets $4 billion valuation

Not a day goes by that we don’t talk about Kim Kardashian. After participating in the Apulian fashion shows Dolce Gabbana and became the subject of rumors about possible negotiations with Kochi – aims to buy out a minority stake in its cosmetics brand Skkn from Kim – the celebrity, influencer and entrepreneur is still in the spotlight given other rumors this time Removes.

The lingerie, loungewear and shapewear brand, founded by Kim in September 2019, is reportedly raising funds from a pool of investors, including a Boston-based company. Wellington Management – in a pre-IPO round aimed at raising its valuation to $4 billion (about €3.6 billion at current exchange rates).

How does he remember WWD.comwhich kicked off the indiscretion, the label committed $240 million in January 2022 as part of a Series B fundraising at a valuation of $3.2 billion, up from $1.6 billion in 2021.

There have been no comments from Kardashian. Skims’ revenue is around $500 million, but is expected to grow to $750 million by 2023, paving the way to reach $1 billion.

In the fall of 2022, Kardashian also entered the private equity arena with the company. Skee Partnerssurrounded Jay Simmonsformer Carlisle Groupand with the support Kris Jenner, Kim’s mother and manager. The goal is to invest in the luxury, consumer goods, hospitality, media and entertainment, and e-commerce sectors. And in this case, there will be a search for funds.

Pictured is Kim Kardashian on the cover. Time Magazinewho interviewed her in June and included Skims among the 100 most influential companies of 2023.


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