Jan 27 (Reuters) – Kim Kardashian’s Skims raised $ 240 million in a new funding round that doubled the shapewear label’s valuation to $ 3.2 billion, Bloomberg News reported on 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, Skims Chief Executive Officer Jens Grede mentioned.
Skims, Lone Pine and D1 did not immediately respond to Reuters requests for comment.
Skims, which Kardashian launched in 2019, was worth $ 1.6 billion in April. (Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)
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