Overview
- Goldman Sachs Alternatives led the round, with participation from BDT & MSD Partners’ affiliated funds, the company said.
- Skims said it is on track to exceed roughly $1 billion in net sales this year, up from strong growth since its 2019 launch.
- The company will use the capital to accelerate brick-and-mortar and international expansion, with 18 owned U.S. stores and two franchise locations in Mexico today.
- Category growth includes activewear via the NikeSkims partnership and a renewed beauty strategy after consolidating SKKN and hiring Diarrha N’Diaye to lead beauty and fragrance.
- By securing substantial private funding, Skims gains runway to scale without immediate pressure to pursue an IPO, according to company and investor commentary reported by CNBC.