Introducing the Vogue Business Funding Tracker, a running list highlighting the most notable and intriguing investment and M&A activity in fashion and beauty. From emerging disruptors to legacy giants undergoing major changes, we spotlight the deals that are shifting the dynamics of the sectors we cover, including fashion, beauty, tech and sustainability.

November 2025 Skims

Company description: Skims has completed a $225 million funding round, increasing the value of the company to $5 billion. Co-founded in 2019 by Kim Kardashian and Jens Grede with a focus on shapewear, the brand is expected to surpass $1 billion in net sales by the end of 2025. Skims will use the funding to further its physical retail plans and set up shop beyond the States. Currently standing at 18 owned retail

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