"Skims has completed a $225 million funding round, increasing the value of the company to $5 billion. Co-founded in 2019 by Kim Kardashian and Jens Grede with a focus on shapewear, the brand is expected to surpass $1 billion in net sales by the end of 2025. Skims will use the funding to further its physical retail plans and set up shop beyond the States. Currently standing at 18 owned retail stores in the US and two franchised spaces in Mexico, the brand hopes to become a predominantly physical business over the next few years. Skims will also use the investment to boost product innovation and category expansion."
"ShopMy is an affiliate and influencer marketing platform that connects brands including Rhode, Gucci and Kallmeyer with content creators, offering tools for creator commerce and streamlining partnerships. The company has raised $70 million, bringing its valuation to $1.5 billion. Its revenue has grown 200 per cent in the past year, with sustained profitability since 2024."
Skims completed a $225 million funding round and reached a $5 billion valuation. The brand was co-founded in 2019 by Kim Kardashian and Jens Grede and focuses on shapewear. Skims expects to exceed $1 billion in net sales by the end of 2025. The company plans to use the capital to expand physical retail beyond the United States, support product innovation, and pursue category expansion. Skims currently operates 18 owned US stores and two franchised locations in Mexico. ShopMy raised $70 million at a $1.5 billion valuation after 200% revenue growth in the past year and sustained profitability since 2024.
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