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$38.65 0.5  1.2%

Last Trade - 05/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £4.39bn
Enterprise Value £6.25bn
Revenue £7.71bn
Position in Universe 1250th / 6849

Kim Kardashian's Skims brand valued at $1.6 bln in latest funding

Fri 9th April, 2021 4:20pm
April 9 (Reuters) - Reality star and businesswoman Kim
Kardashian's Skims raised $154 million in its latest funding
round led by venture firm Thrive Capital to reach a $1.6 billion
valuation, the shapewear label said on Friday.
    The round also included funding from two existing investors,
Imaginary Ventures and Alliance Consumer Growth.
    The TV personality's lucrative businesses - makeup brand KKW
launched in 2017 and Skims in 2019 - have gained popularity with
young shoppers, and have been heavily promoted and sold online
with the help of Kardashian's social media huge following.
    Kardashian, who launched her career off the reality TV
series "Keeping Up with The Kardashians," was included in April
for the first time on Forbes magazine's list of the world's
billionaires.
    The latest funds would be used to expand into new categories
and explore retail opportunities, including the expansion of its
global retail presence, the company said.

 (Reporting by Nivedita Balu in Bengaluru; Editing by Maju
Samuel)
 ((Nivedita.Balu@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6749 4822/ Twitter: @niveditabalu;))
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