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Kim Kardashian’s Skims valued at $3.2 billion after latest funding round- Bloomberg News -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Kim Kardashian West takes part in a TV interview while she is arriving in Manhattan for the 20th Annual Webby Awards, New York City, U.S.A, May 16, 2016. REUTERS/Mike Segar/File Photo

(Reuters) – Kim Kardashian’s Skims has raised $240 Million in a new round of funding that doubled its valuation to $3.2 Billion, Bloomberg News reported Thursday.

The financing round was led by hedge fund Lone Pine Capital and joined by investment firm D1 Capital Partners, according to the report https://www.bloomberg.com/news/articles/2022-01-27/kim-kardashian-s-skim-underwear-brand-doubles-valuation-to-3-2-billion?sref=2h1zKciy, citing Skims Chief Executive Officer Jens Grede.

Skims and Lone Pine did not respond immediately to Reuters’ request for comment.

Kardashian launched Skims in 2019 and was worth $1.6 billion as of April.

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