Particle.news
Download on the App Store

Skims Lands $225 Million From Goldman Sachs, Lifting Valuation to $5 Billion

The raise will bankroll a faster shift into physical retail alongside international flagships.

Overview

  • Skims closed the round on November 12, 2025, with Goldman Sachs Alternatives leading the investment.
  • The company plans to scale U.S. brick-and-mortar, including 16 new stores, and open standalone locations in London and Dubai by mid-2026.
  • Skims currently operates 18 stores across the United States, building on its move beyond a direct-to-consumer model.
  • CEO Jens Grede says projected revenue for 2025 is expected to exceed $1 billion.
  • Reports differ on Kim Kardashian’s post-deal net worth, with estimates ranging from about $1.7 billion (Benzinga) to $1.9 billion (Forbes, via AllHipHop).