Skims, the shapewear and apparel brand co-founded by Kim Kardashian, has reached a $5 billion valuation after closing a $225 million funding round led by Goldman Sachs Alternatives. The round also saw participation from BDT & MSD Partners. This latest financing builds on the company’s previous $4 billion valuation in 2023, when it raised $270 million in a round led by Wellington Management. According to Skims, it expects to surpass $1 billion in sales during 2025. The brand, which launched in 2018, has been expanding its retail footprint and product categories. The company now operates 18 stores in the U.S. and two franchise locations in Mexico, with plans to accelerate physical retail expansion.