By Caroline Petrow-Cohen, Los Angeles Times

Skims, an apparel company co-founded by celebrity businesswoman Kim Kardashian, is worth $5 billion after a recent fundraising round.

The brand, known for its sleek bras and tank tops and sculpting bodysuits, completed a $225 million capital raise last week led by Goldman Sachs Alternatives. It was one of the largest private raises for a consumer brand in the United States this year.

Hollywood-based Skims plans to put the funds toward its physical retail footprint and international expansion efforts, a release from Goldman Sachs said. Skims opened its flagship L.A. store on Sunset Boulevard in April.

The company expects to exceed $1 billion in net sales in 2025. It was previously valued at $4 billion in 2023.

“Today’s announcement validates

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