Kim Kardashian is doing more than amazing, sweetie.
After all, the reality star’s clothing company SKIMS raised $225 million in new financing, now valuing the brand at $5 billion, she and co-founder Jens Grede revealed.
“Today’s announcement validates the hard work of our incredible team and partners who have helped us reach this exciting new chapter,” Kim shared in a Nov. 11 announcement, “becoming a global omnichannel retail brand.”
SKIMS—which currently has 18 locations nationally, including New York, Los Angeles and Atlanta, in addition to its online store—plans to use some of those funds to expand internationally.
The round was led by Goldman Sachs Alternatives—the investing arm of the banking company—which has previously invested in the Kardashian star’s venture in 2023, four years after its founding. In fact, the brand earned $270 million two years ago, valuing the company at $4 billion.