Skims plans to use new capital to broaden its intimates lines, and expand further into apparel and activewear

Skims plans to use new capital to broaden its intimates lines, and expand further into apparel and activewear

Kim Kardashian's Skims raised $225 million from Goldman Sachs, valuing the brand at $5 billion. The capital will fund expansion and could delay an expected IPO.

The funding round is one of the biggest this year for a US consumer brand and comes as the firm faces fierce competition.

Shapewear brand’s $5bn valuation factors in a premium for the founder’s star power