Overview
- The financing was led by Goldman Sachs Alternatives with participation from BDT & MSD Partners.
- Skims says it will use the money to speed store openings and launch new products as it targets a predominantly physical footprint.
- The company projects roughly $1 billion in net sales this year, up from $750 million at its prior raise.
- Forbes estimates Kim Kardashian now owns just under one-third of Skims and pegs her net worth at $1.9 billion after the round.
- A new NikeSkims collection is slated to drop Thursday, extending the brand’s collaboration strategy alongside its retail expansion.